Tesco news and analysis – Page 260
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Own label at a premium
Sainsbury, Tesco and Asda are gearing up for a battle in premium own label this year as they overhaul upmarket lines in a bid to take a bigger slice of the lucrative £4.5bn market.Sainsbury is concerned that its 850-strong Taste...
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Tesco branches out into boutique wines
Tesco hopes shoppers will fork out up to £100 a bottle for its new range of premium wines.The retailer is adding 50 boutique wines to its current 750-strong stable.Prices start at £10, with most in the £15 to £25...
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Doing it by the book
Tesco is planning to pitch itself against Argos and department stores with a new catalogue business. What factors might stand in the way of yet another success story, asks Glynn DavisJust as it was with its move into the US, Tesco is...
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Bid to raise global sourcing
Tesco is aiming to cut costs by increasing its international sourcing and looking at new supply markets such as Turkey.Richard Brasher, Tesco's commercial and trading director, has told analysts and investors that it was aiming to...
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World News - 25th March 2006
Global tesco...Metro up 3.3%...Unilever, Conagra sell...Wal-mart in China...Colgate-Palmolive buys in US...Topvar deal...McCormick blow. Tesco is eyeing entry into India and expansion of its presence in China. Reports...
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Leahy joins business group
Sir Terry Leahy, chief executive of Tesco, has been asked to join an international business advisory group set up to advise the government on how the UK can attract more investment from international companies.Sir Terry, who joins a panel of...
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Multiples promise to make their online prices more transparent
The major supermarkets have agreed to offer online customers clearer pricing information following a long-running investigation by the OFT.The OFT said Asda, Sainsbury, Tesco and Waitrose did not make it sufficiently clear on...
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M&S set to dig in with Gerrards Cross store
Marks and Spencer could be preparing to rub salt into Tesco's wounds by beating the chain to open a store in Gerrards Cross.Tesco is developing a store in the town but had to put its plans on hold after a tunnel beneath the site...
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Tesco closes in on Asda price
Tesco has more than halved the price gap between itself and Asda, according to data from The Grocer 100 and The Grocer 33 shopping surveys.With just three months left to go before The Grocer 33's End Of Year Review in June,...
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Tesco should declare land bank
Tesco should declare the extent of its land bank of undeveloped sites waiting to be built on, an MP has said.Danny Alexander, Liberal Democrat MP for Inverness, said that he would write to the Competition Commission to call for Tesco to...
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Farmers hope for finer prices
Tesco is expected to unveil fresh details of a forward contract scheme for suppliers of beef to its Finest and organic ranges at a meeting taking place in Gloucester next month.The initiative was originally announced at the beginning of...
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New engineers to review Gerrards Cross project
Speculation is rife that Tesco could be planning to ditch the development of its ill-fated store at Gerrards Cross. It has axed the Jackson Civil Engineering team that was originally employed on the project, where the railway tunnel at the...
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Mason’s UK marketing work passed to Brasher
Following weeks of speculation, Tesco has confirmed that its commercial and trading director Richard Brasher will succeed Tim Mason as the retailer’s director of UK marketing.Analysts put Brasher’s name straight to the top of a list of possible...
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Fryett takes on Mason property role at Tesco
Tesco has started to share out the responsibilities of its marketing and property director Tim Mason, who is moving to the US next year to head the retailer’s convenience store business venture.It has appointed Tesco Ireland’s chief executive...
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Organic pineapples debut in UK supermarket
Whole organic pineapples are now being sold at Tesco in a first for a UK supermarket.The pineapples come from the south of Togo, where they are grown in areas from the mountains to the coastal plains by family growers, each managing a small...
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Bonus from St Merryn
A bonus-based contract for UK beef producers has been unveiled by processor St Merryn Foods, supplier of beef to Tesco.Producers who signed up would be assured a market for their beef by St Merryn with a guaranteed price premium of up to...
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Guinness plugs homely draught
Ultrasonic gadgetry is Diageo’s latest tactic to help consumers enjoy the iconic black and white pint of Guinness at home. The plug-in Guinness Surger, which will initially be launched in 130 Tesco Extra stores on Monday (February 27), has been...
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Winners in the buying game
Fiona McLelland rounds up the 12 star buyers from The Grocer’s Six of the Best series over the past yearBefore becoming Tesco’s crisps, nuts and snacks buyer, Allan Maxsted worked in sales on the supply side. He too understands the...
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Sub brand for Tesco non food
Tesco has created a new non food sub brand as part of its drive to boost sales. The activity comes as Tesco this week presented information to analysts on the health of its non food business. One analyst said the ranges he’d been shown at the...