Tesco news and analysis – Page 248
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Price Survey - 28th April 2007
After a solid 10 weeks as the cheapest grocery retailer, Asda has been trumped by Tesco. Tesco beat its rival with a basket that was 27p cheaper than Asda's, at £45.05. Almost all the differential was down to the price of cucumbers, Tesco's costing...
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"Esom is a strong candidate, quietly, passionately effective, a bit like Sir Terry Leahy"
No doubt what the biggest story of the week was. Steven Esom's move from Waitrose to Marks & Spencer is a big blow to Bracknell and a major coup for the Oxford Street-based retailer. With his premium/ethical heritage it's a very comfy fit. The...
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'Serial objectors' block Tesco Ireland's stores
Tesco has been stoical to the last in the face of opposition to its expansion plans in the UK. But it seems that over the Irish Sea, things have become a little too much for the retailer.Tesco has vented its frustrations about...
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Proudfoot sells store at heart of Tesco voucher controversy
The owner of a North Yorkshire supermarket at the heart of a famous row with Tesco over predatory pricing is offloading the store to hard discounter Aldi.The Proudfoot Group said it was selling the 14,000 sq ft store in Withernsea...
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a matter of convenience
Tesco is not the only food and drink heavyweight with grand plans across the pond. Greencore - the world's largest sandwich manufacturer and one of Europe's leading convenience food producers - is also intent on empire building in the US and...
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Two-hour delivery slots too long, say shoppers
Tesco and Asda's two-hour delivery time slots could be putting them at a disadvantage compared with their rivals, according to research. Tesco and Asda offer two-hour slots, while Waitrose Deliver, Ocado and Sainsbury's all offer...
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Time to go green (...and yellow)
Morrisons finally got its ecological act together this week and outlined its environmental commitments in its first-ever corporate responsibility report.Until now, it had been letting rivals Tesco, Asda, Sainsbury's and Marks & Spencer...
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Price Survey - 21st April 2007
Asda's low-priced fresh fruit has helped the store become the cheapest retailer for the tenth consecutive week. The £52.95 basket contained pears that were 28p cheaper than its nearest rivals - Sainsbury's and Tesco - and bananas that were 15p less...
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Opinion - "Why is Sainsbury's under pressure to return money to its shareholders while Tesco's appear happy?"
Not bad, the Tesco results, were they? A quick back-of-an-envelope calculation tells me that Tesco's £2.55bn profits in 2006 were almost 10 times the £267m reported by Sainsbury's last year. In fact, at £520m, the increase in Tesco's profits on 2006...
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Tesco top for community spirit - Q&A and Availability
The relationship between Manchester's Burnage branch of Tesco and its local residents has been a regular source of controversy for local papers, but its family values have helped it win this week's Top Store award. The 55,000 sq ft store opened in...
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Relaunched site is badly furnished
Tesco Direct is suffering serious availability problems, with nearly a quarter of its furniture out of stock just one month after the service was relaunched with thousands more products.The supermarket's full non-food home delivery...
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Organic sales boost puts heat on growers
Organic vegetable growers say they are struggling to keep up with surging demand since Tesco started selling organic alongside conventional produce.Sales have soared since Tesco integrated its organic and conventional produce fixtures,...
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US venture 'on course' as start-up costs treble
Tesco insists it is on track to launch its US venture later this year - even though estimated start-up costs have trebled and progress has been dogged by planning delays.Tesco is to begin recruiting and training for its Fresh & Easy...
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Green label warerupts
Another labelling war looks a step closer after Tesco signalled it would not be adopting the Carbon Trust's new carbon footprint labelling scheme as it stands.As the Trust's label appeared on Walkers cheese and onion crisps for the first...
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Ken must say no to Tesco Purley
Sir; I was horrified to read Tesco is planning to include open space as a sweetener to Ken Livingstone in its application for planning permission to increase the size of its Purley store (The Grocer, 7 April, p6). This conjures up pictures of an...
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Tesco local milk range sparks supplier rows
A row has broken out within Dairy Farmers of Britain over which farmers will get contracts to supply milk for Tesco's new regional range.Some 150 contracts for the Localchoice milk are on offer, each worth 23ppl to farmers paid less than...
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Polish foods boost sales
Britain's appetite for Polish food is driving supermarket sales.Tesco said its sales of Polish foods had increased tenfold since they were introduced five months ago thanks to the influx of migrants following EU...
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Tesco makes bumper profit
Profits at Tesco were up 13.2% to £2.55bn, on group sales up 10.9% to £46.6 billion, it announced today. Group trading profits, which do not include property and exceptional items, were up 11.1% to £2.48bn: a profit margin of 5.3%. In the...
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Bogof's week - 14th April 2007
Tesco Tel reportedly 'stunned' the audience at the World Retail Congress in Barcelona by revealing that the stores he most admired were Aldi, Ikea and Starbucks. Well, what did everyone expect? He was hardly going to plump for Sainsbury and...
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Opinion - "The dark horse in all this is Robert Tchenguiz. Will be bring about his op-cos and prop-cos?"
Though it went closer to the wire than I thought, I always felt the Sainsbury's consortium bid was a non-starter. It would take, say, a £150m price-cutting programme by Tesco to derail Sainsbury's profits, which are only just starting to recover. On...