Tesco news and analysis – Page 136
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NewsThe victims of Tesco's Project Reset so far
Tesco is slowly leaking info about products that are being removed via its customer service Twitter feed
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News'Project reset is working' says Tesco CEO Dave Lewis
Project Reset is working, CEO Dave Lewis this week claimed
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Comment & OpinionDave Lewis uses IGD Debate to denounce predecessors’ “naked pursuit of profit”
This was supposed to be the moment the world delivered its verdict on Tesco boss Dave Lewis after his first tumultuous year at the helm
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NewsTesco payment term standardisation welcomed by suppliers
As of June 2016, the changes will result in Tesco offering six standardised and shortened payment terms
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NewsTesco pulls 70,000 packs of underweight garlic bread
Some of the products, made by Bakkavor, were found to be underweight by as much as 21%
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NewsTesco results – what the analysts say
Tesco today announced a sharp drop in first-half profits but also revealed a recovery in volumes. Here is what leading City and retail analysts had to say about the results
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NewsTesco’s first half profits halve as sales stabilise
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
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NewsCity snapshot: Tesco volumes up as like-for-like sales decline slows
Tesco has reported that volumes and transactions have grown during its first-half helping to slow the decline of like-for-like sales in the UK but its profits have halved. Alsp, AB InBev has tabled a £68.2bn improved offer for SABMiller; Diageo and Heineken have agreed disposals worth £515m in Jamaica, Malaysia, Singapore and Ghana; and Conviviality has completed its £200m reverse takeover of Matthew Clark.
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NewsTesco moves to simplify supplier payment terms
The changes, effective from the end of June 2016, were announced this afternoon by CEO Dave Lewis at the IGD conference
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NewsTesco trials new Price Promise amid scrapping rumours
Tesco told The Grocer today it was conducting trials at stores in Northern Ireland of a revamped version of Price Promise
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Comment & OpinionDoes Tesco's Carlsberg delisting square with Project Reset?
Tesco’s delisting of Carlsberg boils down to the theory of probability
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NewsTesco axes 'scale for good' to focus on 'little helps'
Tesco boss Dave Lewis has axed one of the three key CSR pledges launched by his predecessor Philip Clarke
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NewsTesco under fire for reducing amount of British lamb on sale
Tesco has faced criticism from the NFU after AHDB Beef & Lamb revealed the proportion of British lamb on its shelves fell…
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NewsTesco to use bag charge to fund nature, parks and sports
The retailer is expecting a £30m a year windfall from the plastic bag charge
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NewsTesco wants to add 150 more farmers to Sustainable Dairy Group
The 600-strong TSDG is currently the subject of a major review
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NewsTesco culls Carlsberg lines as part of Project Reset
Tesco will only stock four-packs in 200 stores from now on
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NewsTesco to scrap ‘unjustified’ 24-hour opening at large stores
This is the latest move by CEO Dave Lewis as he seeks to shore up the supermarket giant’s finances
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NewsSainsbury's grows sales again as Tesco market share continues to fall
The German discounters, Aldi and Lidl, reported sales growth of 17.3% and 16% over the period
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Comment & OpinionWhy most availability measures used in the industry are dishonest
Availability is probably the most important and definitely the most undervalued facet of grocery retailing
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InterviewsJason Tarry: 'Work to do but Tesco reset is on track'
Softly, softly: how chief product officer Jason Tarry is resetting Tesco