Tesco - Latest News and Analysis – Page 249
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Local shop probe grilling on its way
The All Party Parliamentary Small Shops Group will be calling upon Tesco, Asda and the British Retail Consortium to give oral evidence in its inquiry into the future of local shopping and the high street.The group, chaired by Labour MP for...
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BP connects to the future
BP is embarking on a new strategy for its Connect forecourt stores with a formula that it believes convenience operators such as Tesco and Spar will be unable to replicate. The first strand of the strategy will be revealed when the oil giant...
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Tesco set for £2.3bn profit
Tesco’s juggernaut shows no sign of slowing down as it is expected to release record interim results next week.Clive Black, retail analyst with Shore Capital, predicted that the UK’s biggest retailer was likely to announce a half year profit of...
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Premium Bonds to be sold at Tesco
National Savings & Investments has teamed up with Tesco to sell Premium Bonds in its stores.Alan Cook, chief executive of NS&I said that the deal will run for five years.A pilot scheme involving 50 stores will be in operation by the...
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playing field should not be so unfair
from John Pheysey, ChesterSir; Tesco chairman David Reid was this summer quoted as saying that it was “a myth” that Tesco Express stores were endangering the livelihood of independent traders.In every respect, Tesco is a...
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Spot the difference
Tesco has lost its first-mover advantage, says Rachel BarnesDevelopment of a £1bn premium own brand and rapid expansion into non-food have propelled Tesco to almost double the market share of either Asda or Sainsbury. But has Tesco...
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More join ranks to cut salt
Asda and Tesco are leading the way in the health debate by getting behind the government’s drive to cut the average person’s intake of salt to a target of 6g a day by 2010.Both supermarkets have reaffirmed their commitment, with Tesco...
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Asda cheapest – for now
The GROCER 100: june 13, 2005 to august 29, 2005Asda’s determination to retain its crown as the cheapest grocery retailer is paying off, with The Grocer 100 survey showing it has maintained a slender lead over Tesco for the past 12...
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Is Tesco eyeing Albertsons?
Tesco is again being linked with an entry into the US, following the announcement that Albertsons, the country’s number two supermarket chain, is considering putting itself up for sale.Albertsons said that it was currently exploring strategic...
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Tesco launches sports scheme
Tesco is to target 35,000 schools and clubs with its new multi-million pound corporate social responsibility scheme, Tesco Sport.As first revealed by The Grocer last month, the initiative, which was officially announced today by marketing...
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There’s no stopping Tesco
In the week that Wal-Mart CEO Lee Scott has called for a probe into the dominance of Tesco, IGD’s Grocery Retailing Report 2005 reveals how powerful it has become. Liz Hamson reportsIn the long term, a number of players may be...
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Star Buyer: Michael Seymour
>>Tesco buying manager for butter and fatsSeymour has been with Tesco for eight years and has been in his current role, responsible for buying butter and fats, for 10 months. He previously worked as a cheese product development and...
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Tesco claims it’s no big deal
Retail king defends c-store acquisitions as IGD reveals extent of its dominanceTesco has insisted that its plan to acquire as many as 30 Safeway forecourt c-stores does not mean it is reneging on a vow to grow its Express format by only...
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Way ahead of its rivals
Tesco has totally decimated the competition over the past year, reveals the latest IGD Grocery Retailing Report on the UK market. The multiple’s turnover was a whopping 82% greater than its nearest rival, Sainsbury, according to the report....
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Tesco way ahead of its rivals
Tesco has totally decimated the competition over the past year, reveals the latest IGD grocery Retailing Report on the UK market.The multiple’s turnover was a whopping 82% greater than its nearest rival, Sainsbury, according to the...
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Tesco acquires 30 petrol stations
Tesco has made an offer to acquire 30 former BP/Safeway petrol stations from supermarket group Morrisons.The deal for the 30 petrol stations and convenience stores, which are located across England and Wales, is subject to BP pre-emption...
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Tesco races after Sainsbury with sports scheme
Tesco is to jump on the success of Sainsbury’s Active Kids scheme with the launch of a similar campaign, Tesco Sport for Schools and Clubs, next month.The introduction of the sports equipment giveaway scheme coincides with the absence of Active...
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Tesco’s market share increases
Tesco’s market share of the grocery sector is continuing to grow, exclusive research for The Grocer has revealed.The research, conducted by ACNielsen, found that the retail giant’s market share increased by 0.7% since May to 30.7%, although...
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It’s a victory, but for whom?
Tesco made a complaint last summer to the Advertising Standards Authority about an advertising campaign being run by its arch-rival. Asda had developed the campaign after grabbing the top accolade in The Grocer 33 pricing survey for the seventh year...
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Locals fed up with Tesco
Angry residents across the country are turning up the heat on Tesco, with protests reaching fever pitch.The retailer has faced a storm of protests in recent months as campaigners fight against stores opening in their local areas.In...