Tesco - Latest News and Analysis – Page 254
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Easter shoppers smile on Asda
While the seasonal sales uplifts in April have been slower than expected for many high street retailers, this month’s Tradetrak shows that Tesco and Asda have both benefited from good trading over the 12 weeks to April 16, which includes the impact...
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This mess we’re in
Will the diverse approaches to labelling switch off the traffic lights threat, or merely lead to confusion, asks Fiona McLellandTesco became the latest player to nail its colours to the mast in the nutrition labelling debate this week...
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Mailshot sparks fresh fury
Tesco has ploughed headlong into another row over alleged anti-competitive practices after reigniting a controversial vouchers scheme that was previously at the centre of an OFT probe.The supermarket giant is running the gauntlet of local...
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Tesco eyes Guernsey
Tesco has announced its intentions to build a retail estate on the Channel Islands, starting with Guernsey.The multiple revealed its plans to a Guernsey newspaper. A spokesman told the paper: “It is not really a secret that we would like to...
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Cheddar sales maturing
Sales of mature Cheddar are growing faster than milder varieties.Cheese experts believe that exposure to spicy, exotic food has meant a greater demand for more pungent flavours.Sales of mature Cheddar at Tesco grew by 21% last year...
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Sainsbury labels GI
Sainsbury is set to follow in Tesco’s footsteps by putting a glycaemic index (GI) logo on its packaging from next month.The move is part of the supermarket’s pledge to make health a key differentiator in its offer. However, Tesco was first on...
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The Saturday Essay
>>Brian Cotter, Liberal Democrat spokesman on small business and MP for Weston-Super-MareAs Tesco becomes the first UK retailer to announce profits of more than £2 billion, the debate about whether increasing supermarket...
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Chains eye MG Rover site
Tesco, Asda and Sainsbury are all eyeing up the MG Rover plant at Longbridge for a new supermarket development, which could end up as a hypermarket megastore.The initial plans for a supermarket are part of a 40-acre science and technology park,...
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Buyers: ‘price is not all’
The majority of buyers do not believe that price is the number one factor driving consumer demand, according to research by The Grocer.While Asda and Tesco raised the heat in the supermarket price war at the start of this month by rolling out...
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Tesco a step ahead on labelling
Tesco is to make a radical change to its food packaging by moving nutritional labelling from the back to the front of packs.The new look – which will work along the same lines as Sainsbury’s front-of-pack ‘Wheel of Health’ system – is set to...
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It’s hands off... or is it?
Tesco has granted the independent c-store sector a buyout reprieve – by appearing to rule out more acquisitions.Britain’s biggest retailer, which had previously shaken the industry with a series of acquisitions including 45 Adminstore outlets...
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can tesco grow in non-food sector?
from Dave Tyrer, consultant, GMAP ConsultingSir; Tesco continues to make bold moves with a £2bn+ profit and a strategy to create 25,000 jobs worldwide, with 11,000 in the UK, through an aggressive store expansion programme. But...
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Every little helped
Tesco has become the first UK retailer to break the £2bn profit barrier. But that’s just the start of its ambitions. Simon Mowbray reportsTuesday morning started as we all knew it would: Tesco announced record full-year results,...
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Tesco takes on Dragon
Tesco is trialling a little-known variety of citrus fruit, named by the multiple as Dragon Citrus.The variety is a natural orange/grapefruit cross known by the Chinese as Huyou. It is sourced from the south eastern province of Zhejian.The...
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Staking a fashion claim
In four years, Tesco has driven prices down 30%. Clothing chief John Hoerner gives a rare interview to Liz HamsonThe problem that clothing has in Tesco is Tesco – it’s a highly productive business,” says clothing chief executive John...
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Rivals fear Tesco may pocket cheese price rises
Retailers have not yet reacted to intense lobbying from dairy farmers and processors to secure retail price increases on cheese to help pay for added milk supply chain costs. One stumbling block is thought to be Tesco, because of the amount of...
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Tesco breaks £2bn profit barrier
Tesco has broken the £2bn profit barrier thanks to strong UK, International and non-food sales.The retailer announced underlying profits up 20.5% to £2,029m for the year to February 26. Like-for-like sales in the UK grew by 7.5% excluding petrol...
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Tesco plans European expansion
Tesco is planning to open more than 40 stores in Central Europe this year.The retailer, which currently operates about 194 stores across Poland, the Czech Republic, Slovakia and Hungary, looks set to grow this number to around...