Tesco news and analysis – Page 229
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Tesco to submit new plans for Harrogate
Posh Yorkshire town Harrogate could finally lose its status as the only major postal area in the UK without a Tesco superstore. The retailer has confirmed that it is due to submit new plans “imminently”, having been forced to abandon earlier...
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Reckitt boss slams Tesco for putting small suppliers at risk
As Tesco's tough negotiations with its suppliers continued this week, Reckitt Benckiser boss Bart Becht has said he believes the supermarket giant may drive small suppliers out of business.
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Tesco launches sub-£3 wine range for hard up
The sub-£3 price bracket looks set to become the new battleground in wine, as Tesco launches its first range under the Value brand next week. The retailer said that it was reacting to market conditions and the reduction in consumer spend on...
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NewsGrocer 33: Asda retains the cheapest retailer title
Asda produced the cheapest basket this week – comfortably undercutting nearest rival Tesco by £2.08. The retailer provided 23 of the 33 cheapest or joint-cheapest items and had the most promotions of all the retailers, which helped it net first...
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Editor's Comment: Tesco would be unwise to target small businesses in this climate
"Every time we meet,” the boss of one big supplier says of his invites from Sir Terry Leahy, “it costs me money.” After a two-week-long series of invitations to Cheshunt’s cosy cubicles – to discuss price cuts, trade term changes and contributions...
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Tesco tightens the screw on suppliers despite Defra’s call
Days after the Government tells supermarkets to speed up payments, Tesco is accused of a new set of unfair supplier terms. Ronan Hegarty investigates
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It’s just talks, says Tesco as it summons suppliers
Tesco has denied its current tough negotiating stance with suppliers breaches either the current Supermarkets Code of Conduct or the new tougher code currently being drafted by the Competition Commission. Responding to criticism from pressured...
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NewsGrocer 33: Asda basket beats closest rival by £2.14
Asda was comfortably this week’s cheapest retailer, with its £49.33 basket coming in at £2.14 less than nearest rival Tesco’s
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Asda deliveries break into Tesco stronghold
Asda has launched an audacious bid to break Tesco’s dominance of the grocery market in Inverness. It has just launched a home-delivery service from its store in Elgin, 40 miles away from the original Tesco Town. The move comes as it awaits final...
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Other Movers: 11/10/08
Mervyn Davies is stepping down as a non-executive director of Tesco. He has resigned due to potential conflicts of interest as the supermarket increases its financial services in similar areas to Standard Chartered Bank, where Davies is...
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Doubts over Aldi 1,500 UK stores target
Aldi has said it is on track to eventually operate 1,500 UK stores, despite a report this week that claimed the number was unrealistic. The CACI report, Discounters’ Challenge in Tesco & Sainsbury’s Heartland, claimed there were 959 potential new...
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NewsGrocer 33: Tesco comes in 22p less than Asda
'Britains biggest discounter' emerges as the cheapest of the bunch in the latest G33
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Britain’s biggest chameleon
On a busy results day for Sir Terry Leahy, Adam Leyland talked exclusively to Tesco’s CEO about discount brands, the downturn, Fresh & Easy and the noble art of retailing
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How much is Tesco’s 3.7% worth in times like these?
Tesco has reported interim like-for-like sales of 3.7% in the UK and claims to have made good progress. So is the glass half full or half empty, asks Julia Taylor
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Jaffa gets down with the kids in a brand revamp
Citrus fruit brand Jaffa is to undergo its biggest revamp in 15 years this month, as it is relaunched with a new look. The brand is getting an updated logo and is being relaunched on Tesco shelves over the next few weeks, supported by Jaffa-led...
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Tesco’s discount brand sales soar on Continent
Tesco’s confidence in its new discounter range received a serious boost this week as interim results showed 30% sales growth in central Europe. The sales figures proved Tesco really was “the biggest discounter”, said CEO Sir Terry Leahy. He praised...
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Discovery picks Peck in push to be top Mexican brand
Discovery Foods has appointed Tesco veteran Andrew Peck to the position of sales director as the company steps up its efforts to replace Old El Paso as the UK’s number one Mexican food brand. Peck joins Discovery Foods after a 21-year career at…
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Supermarket chiefs say price inflation has reached a peak
Sir Terry Leahy this week became the third supermarket CEO to predict that food price inflation has peaked. As Tesco announced a 3.7% increase in like-for-like sales in the six months to 23 August, Leahy said: “I think the peak has passed now so...
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Muslim worker sues Tesco in alcohol row
Tesco is facing legal action from a Muslim former employee who quit the his job with the supermarket giant “in protest” after having to carry alcohol as part of his duties.
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Tesco boosts selection of organic meat
Tesco has boosted its organic portfolio by increasing the range of Helen Browning meats it stocks and adding a new leg meat product. As well as doubling listings of Browning’s Organic Speedy Sausages to 200 stores, the supermarket has introduced...