Tesco news and analysis – Page 293
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Safeway: the exodus
Shoppers are abandoning Safeway in huge numbers. Is there anything Sir Ken can do to stem the loss? Liz Hamson reportsBut Sir Ken may have underestimated the competition from Tesco and Asda and over-estimated the appeal of...
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The Express train
Can small shops survive a multiple moving in? Fiona McLelland finds outWhen Tesco rolls into town, you might as well shut up shop if you’re a retailer in the vicinity, right? Not necessarily. It is two years since Tesco announced...
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Tesco now has 28% market share
Tesco has gained 28% of the market share for the first time, according to recent research by TNS.Growth at Morrisons continues to increase rapidly with a 16% increase for the 12 weeks ending 20 July, but this growth has been impacted by a...
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Tesco signs with eDiets
Tesco has signed a deal with eDiets.com to increase its stake in the UK market for healthy eating, according to newspaper reports.The supermarket chain signed a licensing deal with the US online diet service for £2m plus ongoing royalty...
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Cornish Cheese Company gets into the big time by winning Tesco competition
A small cheese producer is set to move from farmers’markets to the high street after claiming a top award.The Cornish Cheese Company is celebrating after winning the annual Tesco Cheese Challenge with its Cornish Blue cheese, which will now see...
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Tesco bites deep into its gum rival
Tesco is piling more pressure on confectionery giant Wrigley with yet another foray into the chewing gum arena.The retailer is adding single packs of own-label sugar-free chewing gum tablets in what will be seen as a further challenge to...
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Tesco’s suncare is a bright spot
The holiday season is here so this month’s report is on sun protection products.The average multiple has 68 skus on a typical fixture, with 20% of the category on promotion. In managing availability, 9% of normal lines were low on stock and 21%...
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Tesco moves 420 jobs to India
Tesco is moving 420 jobs to Bangalore, India, from three of its offices in the UK, according to a Reuters news report.The jobs will be from offices in Cardiff, Dundee and Welwyn Garden City, in the areas of business support.The retailer has...
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Tesco to expand mobile market
Tesco is planning to relaunch its mobile phone market to offer more handsets and increased shelf space.The retailer currently has about 250,000 mobile phone customers and it plans to broaden the range of the products it offers in order to...
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Ager takes China role
Senior Tesco executive Steve Ager is to become president of the Chinese joint venture announced this week.His 27-year career at Tesco has included senior buying jobs, which saw him launch the Finest brand, and more recently a two-year stint...
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Ager takes China role
Senior Tesco executive Steve Ager is to become president of the Chinese joint venture announced this week.His 27-year career at Tesco has included senior buying jobs, which saw him launch the Finest brand, and more recently a two-year stint...
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Tesco in china
Tesco has entered the Chinese market in a joint venture,as predicted in The Grocer (March 6, p16) The 50:50 agreement is between Tesco and Ting Hsin, for its subsidiary Hymall stores. Tesco will acquire 50% of the equity for Hymall for...
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Tesco in china
Tesco has entered the Chinese market in a joint venture,as predicted in The Grocer (March 6, p16) The 50:50 agreement is between Tesco and Ting Hsin, for its subsidiary Hymall stores. Tesco will acquire 50% of the equity for Hymall for...
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Informationtechnologybridging the gap or widening the gulf?
Big retailers have many natural advantages over their smaller counterparts.Take Tesco, which pays 10-15% less for its goods than smaller rivals, according to the Competition Commission in 2000. From haulage to photocopier paper,...
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Most welcome guests
Pub drinkers are responsible for guest beers’ increasing presence in supermarketsSupermarkets are stepping up their offering of locally-sourced beers in response to consumer demand.Both Tesco and Asda are launching new ranges of...
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Tesco’s virtual tour
Tesco has launched a new website that details its diverse range of services under one roof.The portal – www.tesco-home.com – is designed as an interactive house, which lets browsers navigate through various rooms, each linked to different...
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Tesco moves into China
Tesco has announced today that it has signed a JV agreement for the Hymall chain stores in China.The 50:50 agreement is between Tesco and Ting Hsin, for its wholly owned subsidiary of Ting Cao, which owns the Hymall stores. Tesco will acquire...
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Talas goes to Thierry’s
Lindsay Talas, Tesco’s product development manager for beers, wines & spirits, is to join Romsey-based wine agency Thierry’s as deputy buying director.Talas will be charged with boosting sales of brands such as French Kiss and Hanging Rock...
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More price cuts at Tesco
Tesco plans to make healthy food more affordable and will cut £50m off prices next week.This will be the third price cut it has announced this year, meaning its prices will have been reduced nearly £200m since Christmas.Marketing...