Tesco news and analysis – Page 275
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Tesco closes Slough superstore, opens new Extra
Tesco put an end to the controversy surrounding its dominance in Slough this week by closing the superstore at the centre of the debate.The move comes as the retailer re-opened its newly refurbished 101,000 sq ft Extra store on Monday (August...
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Irish MPs calling for profits probe
An Irish parliamentary committee has called for an official study to establish the profits made by multiples in the Republic’s l7bn-plus grocery market, and which are not disclosed by the major chains, Tesco, Dunnes and Superquinn. As part of...
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Tesco helps those with nut allergies
from Jonathan Church, external communications manager, TescoSir; I was disappointed to see that your recent article on our new nut labelling initiative (‘Tesco nut policy could backfire’, July 23, p11) failed to recognise the...
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Tesco top of personal finance market
Tesco is the top new entrant in the personal finance market, a Mintel report will show today.The report, Non-Traditional Providers in Financial Services, found that Tesco Personal Finance has won 4.6 million customer accounts since it...
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Star order:Tesco
>>easy ordering; spot-on deliveryOnline retailing is becoming the next great battleground for grocery giants hell-bent on realising untapped growth potential. Our summer shopping survey reveals that attention to detail,...
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Online service still lagging
Asda has a long way to go if it is to challenge Tesco’s dominance of online grocery, according to The Grocer’s latest online shopping survey.The number two retailer is currently investing heavily in its online offer in a bid to double its...
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Harry Potter sells a million
The top three supermarkets have sold more than one million copies between them of the sixth instalment of JK Rowling’s boy wizard series, Harry Potter and the Half-Blood Prince, attracting shoppers with their cut-price offers.Tesco, which cut...
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Tesco moves to find where retail price initiative money ended up
Tesco has called in its two liquid milk suppliers – Arla Foods and Robert Wiseman Dairies – to carry out an audit on where the retail price initiative money has ended up, according to reports.Sources in the farming sector claimed the move...
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Tesco sets style for denim
Tesco is relaunching its denim range as part of a major drive to increase its clothing offer by almost 30% this autumn, while Sainsbury is making a play for the back-to-school market with its first own-label kidswear range.Tesco’s new range,...
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Tesco to invest in sports sites
Tesco has vowed to invest significantly in improving local sporting facilities across the country in areas where its new store developments eat into playing fields.Tesco property spokesman Andrew Slight said although it always tried to avoid...
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Dangers of multiples’ stranglehold
from Nigel Dowdney, c-store manager, Stalham, NorfolkSir; A report in the Eastern Daily Press detailed the detrimental effect of the building of a Tesco in Stalham. It focuses on the demise of two shops in nearby Hickling because of...
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Bath cheese the best
A west country farmer has been given a national listing in Tesco stores after winning the retailer’s coveted Cheese Challenge.Alex Dunbar of Bath Soft Cheese looked stunned last week as he was given news of his coup by Tesco commercial director...
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Tesco nut policy ‘could backfire’
Tesco’s plans to help nut allergy sufferers by imposing strict traceability controls on all own-label pre-packaged processed foods may backfire.It has introduced a new nut code of practice that will require suppliers and their raw material...
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How to make RRP work in your store
Confused by retail ready packaging? Worried by its implications? Help is at hand, says Beth BrooksWalk around Tesco’s Extra hypermarket near its headquarters in Cheshunt and you will grasp fairly quickly how retail ready packaging...
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Tesco rivals in double trouble
On August 1 Tesco plans to open its newly refurbished and extended 101,000 sq ft Extra store in Slough.In August 2003, the retailer made headlines by buying a 50,000 sq ft Co-op shop down the road from this store. The OFT took an interest in...
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Tesco TV ad ‘misleading’
Tesco has been slammed for a TV commericial promoting its on-line diet plan. The ad, which stated “log on and you’ll get your meal plans and shopping list designed by a professional nutritionist”, was branded as misleading, as it did not...
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Research Notes
>>household spend is upThe UK butter and spreads market is showing 3.9% growth. The average household is now spending £1.30 more than the previous year. The multiple grocers are driving this increase with Somerfield, Tesco and...
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Irish retailers’ profits soaring
Profits in the Republic of Ireland’s wholesale and retail grocery sector may be higher than 11.3bn a year, according to the Department of Finance.It is the first official estimate, as the major supermarkets – Tesco, Dunnes, Superquinn, Aldi and...
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Taking it to extremes
Retailers will have to go up or down for growthThere is room for growth in today’s Tesco-dominated grocery environment, but retailers will have to go to extremes – either upmarket or discount – to achieve it, delegates at The Grocer’s Going for...
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Tesco’s GI guru leaves project leader post
Hamish Renton, project leader for a number of Tesco health-related initiatives, has left the retail giant.A spokeswoman for Tesco confirmed that the search was on for his replacement.Although the spokeswoman was unable to confirm which...