Ken Murphy news, comment and insight – Page 11
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Comment & OpinionCan Morrisons regain ground with Tesco-style loyalty card promos?
The death of multibuy confectionery deals has been greatly exaggerated. Or so it would seem in Morrisons’ bid to go toe to toe with Tesco’s Clubcard Prices initiative, through deals that fly in the face of the founding principles of the government’s HFSS clampdown.
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NewsMost Tesco Whoosh orders arrive within 30 minutes, figures show
Earlier this year Tesco abandoned its partnership with rapid grocer Gorillas – now the subject of acquisition talks with rival Getir
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NewsBooker freezes prices on 450 catering lines
The wholesaler will lock prices on popular products such as premium frozen chips from 5 October until 3 January
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NewsTesco cuts 325 head office roles as part of £500m efficiency drive
The supermarket said staff had been informed of the cuts late last month, though they were not mentioned at this week’s results call
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsTesco brings food waste reduction target forward by five years
Additionally, Tesco will introduce new sustainability-linked executive pay performance targets
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NewsMorrisons launches new advertising service for suppliers
Morrisons Media Group will act as a full-service internal advertising agency team
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NewsSupermarket CMOs plan dedicated retail media group launches: survey
21% of the chief marketing officers at UK grocery businesses questioned wanted to follow in the footsteps of Boots and Tesco in launching media divisions
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NewsTesco, Sainsbury’s and Waitrose partner for $11m zero deforestation soy initiative
The supermarket-backed Responsible Commodities Facility will provide finance to 36 farms in the Cerrado, Brazil
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NewsTesco to launch second ‘checkout-free’ GetGo store – this time with checkouts
Tesco confirmed to The Grocer the second GetGo store was preparing to launch, but it was not able to share an opening date
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NewsTesco gives brands full access to planogram data with new tool
The launch marks the first time Tesco has made its full planogram data consistently available
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NewsTesco threatened with legal action over supplier connection to River Wye pollution
Charity River Action has called on the retailer to implement a series of improvements within its egg and poultry supply chains
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NewsMedia Bites 20 June: Boots, Tesco, Asda
The protracted auction of Boots is at risk of falling apart as debt markets seize up and buyers grow nervy amid a consumer downturn
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NewsKen Murphy vows no change in policy on so-called ‘back margin’ deals as inflation tensions mount
Earlier this month, The Grocer reported how suppliers had said Tesco had ramped up its use of the back margin practrice, involving fixed fees to support promotions
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NewsCity snapshot: Tesco sales fall back amid “unprecedented” cost of living increases
Tesco’s core retail sales fell back in its first quarter as CEO Ken Murphy warned of the impact of “unprecedented increases in the cost of living”.
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Analysis & FeaturesThe Mad Men inside supermarkets
Supermarkets are no longer just about food. With some of the best customer data at their fingertips, they want to sell you advertising too
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Comment & OpinionIs criticism of supermarket bosses’ exorbitant bonuses amid cost of living crisis justified?
Because profits (and other more complex metrics) have exploded in the past year, performance compensations tied to those financial metrics ultimately grew at a higher rate too
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NewsOutgoing M&S CEO Steve Rowe bags final £1.6m bonus
His total pay packet was £2.6m, up from £1.1m in 2020/2021
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Comment & OpinionTesco’s belated support package for pig farmers is welcome. But is it enough to rescue the sector?
Tesco clarified that £3.4m had already been passed on to farmers since March