Tesco - Latest News and Analysis – Page 248
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Tesco opens non-food pilot
Tesco has opened its first store dedicated to non-food under the Home Plus format.The 30,000 sq ft site is in Denton, east Manchester, in the newly built Crown Point Northern Retail park, off the M67.It is on two floors – the ground floor...
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Understanding is key to tesco success
from Richard Mills, director of retail, SAP (UK)Sir; The news that Tesco continues to soar ahead of the competition will come as no surprise to its peers in the retail sector. Tesco is miles ahead of the pack for one very simple...
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Tesco innovator wows Wal-Mart
Former Tesco veteran David Wild has been appointed president and managing director of Wal-Mart Germany. Wild, who worked at Tescofor 19 years in senior positions, including group supply chain director and head of Tesco’s supply chain in...
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Battle over forecourt deals
Tesco’s acquisition of the former Safeway forecourts is still sparking opposition at both national and local levels, even though the number it now proposes to buy is down to 21 from 30.The Office of Fair Trading is to decide on whether to...
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Irish anger over Tesco ambition
A report that Tesco is planning a 1100m expansion in the Irish Republic has alarmed rivals who fear a small store wipe-out.Tara Buckley, director general of RGDATA, the independent grocers’ body, said it was “disturbing that in its bid for...
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Tesco to exit Taiwan
Tesco is to exit Taiwan as part of an asset swap with French retailer Carrefour.As part of the deal, 11 Carrefour stores in the Czech Republic and four stores in Slovakia will be transferred to Tesco for a combined enterprise value of...
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Pumping up the volume
The Safeway deal turns attention on just how large a forecourt retailer Tesco has, perhaps by default, become says Beth BrooksThere’s no doubting the fact that Tesco has always regarded the petrol arena as a massive business...
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The right place, the right time
Tesco and Waitrose, which both announced record half-year results this week, are winning the hearts of shoppers for their respective clear and consistent approaches, say analysts.They say Waitrose’s interims showed retailers didn’t need a...
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Retailers’ mixed reaction to OTM
Tesco plans to stock beef from cattle aged Over Thirty Months, Waitrose will not and Somerfield is mulling over the issue following the government’s decision to allow OTM beef back into the food chain.A Tesco spokesman said the multiple had...
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Private investigations now on offer at Tesco
Tesco plans to increase its transparency by appointing its very first code compliance officer…but the name of the officer is being kept secret.The supermarket said the appointment illustrates how seriously it took its relationships with...
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Half of UK’s ethnic minority population choose Tesco
Tesco is the supermarket of choice for half of the UK’s ethnic minority shoppers, the largest study ever caried out into their lifestyle trends has revealed.Of the 1,700 shoppers surveyed in the MinorityReport for OMD Insight, 50% said they...
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Tesco makes tills sweat with body heat sensors
Tesco is trialling innovative heat sensor technology to minimise its checkout queuing times.A strategically placed sensor above each till measures body heat, to accurately predict the number of people waiting.This information is then...
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Albertsons no, but US, yes
Tesco is not interested in US supermarket chain Albertsons but has been examining the possibility of entering the US for some time, chief executive Sir Terry Leahy has admitted.Releasing the retailer’s half-year results, Sir Terry denied that...
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Multibuys back on the agenda
On the back of the impressive half-year results from Tesco, this month’s Homescan Tradetrak confirms that Tesco has continued to grow market share in a weakening retail market.Top-line food growth in the multiples slowed in August to 3.4% with...
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Fire puts Auld Foods out of action
Tesco, Sainsbury and Morrisons could be short of own-label frozen and chilled desserts for a few weeks following a blaze at a Scottish supplier.The fire at Aulds Foods’ Inchinnan factory, in Refrewshire, took firefighters 10 hours to put out,...
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City reacts to Tesco results
Shares in Tesco dropped 13p to 313.5p yesterday after the retail giant warned the City that higher costs, especially related to an increase in oil prices, were a cause for concern.Despite revealing an 18.7% rise in pre-tax profits to £908m...
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Tuddenham taken over
Suffolk-based grower Tuddenham Hall Foods, the UK’s largest asparagus producer, has been acquired by Bomford of Stratford-upon-Avon.Bomford will take over its contracts to supply Tesco, Sainsbury and Waitrose. It farms 1,000ha, growing...
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Tesco speeds up housing plans
Tesco is well on its way to fulfilling its prediction to build as many as 4,000 new homes by 2008 as it speeds up the roll-out of new city centre stores.Its latest effort will be a 27-floor, 430-apartment residential tower block in Kensington,...
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Why Tesco is the ‘Toyota of grocery’
from Daniel Jones, chairman, Lean Enterprise AcademySir; When Lee Scott, CEO of the mighty Wal-Mart, asks the UK government for protection against competition from Tesco (one fifth of its size), something significant is going...