Tesco news and analysis – Page 283
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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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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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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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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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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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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...
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Tesco hits 30% share of total till
The slowdown in consumer spending is beginning to impact on food retailing. The topline market growths for food, drink and non-foods in supermarkets in the four weeks to March 19 were a strong 5.6%. However, other than the hypermarket channel,...
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Battle of the bottle
Chris Walkland looks at what’s happening to the 3.5ppl milk price rises and why some farmers might not get a fair shareThe fight to raise milk prices took several weeks, but, against the odds, the battle was won – Asda and Tesco...
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Tesco gives brands a rough ride
Supermarket own-label smoothies are outdoing market pioneers such as PJ and Innocent. But, by focusing on innovation and new product development, the big names are hitting backOwn label continues to be king of the castle within the...
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Tesco's double whammy
Tesco has broken through the 30% market share barrier for the first time, according to exclusive new figures for The Grocer.The revelation comes just days before Britain’s biggest retailer is expected to post a profit of more than £2bn for the...
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Tribunal rules Tesco employee was unfairly sacked
A Tesco employee who was sent home by his bosses because he had a swollen eye, and then sacked for taking too much sick leave, was unfairly dismissed, an employment tribunal has ruled.Tesco had denied the charges, arguing that Andre Van der...
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Salad’s great unwashed
Making a convenience product less convenient might seem a strange thing to do, but that is what Tesco has done with the introduction of fresh, unwashed bagged salad. In the range are rocket and lambs’ lettuce varieties (rsp: 59p) and two...
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Indian-style ready meals
An extensive range of ethnic ready meals that do not need to be refrigerated have been launched by newly established company Thali Foods.Available in Tesco, Thali is a 17-strong range of authentic meals that include dishes previously not found...
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UHT milk price rises
The price of the major supermarkets’ UHT milk is following its fresh counterpart upwards. Tesco and Sainsbury this week increased the price of cheapest own-label UHT milk from 32p to 35p, though Asda had not followed suit as we went to...
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Bakery group up for sale
Rathbones Bakeries, the bakery group with 1,550 employees, went into administration yesterday after weak sales following a fire at one of its factories in February this year.The company, which had sales of £100m last year and supplies Tesco...
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Irish call on chains to disclose profits
Tesco may be among a number of retailers forced to disclose how much profit they make in the Irish Republic, under new proposals aimed at finding out if consumers get a fair deal.In a report to government, a parliamentary committee...