Tesco news and analysis – Page 233
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News
Crackling arrives at the supermarket
Staffordshire-based RayGray Snacks is expanding its business and taking on extra staff at its Rugeley HQ after winning a Tesco listing for its pork crackling and dip snack.The company has been making pork crackling for pubs and bars for...
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Cheshunt roasting on an open fire
Rumours reach Blogof Towers that the famous Tesco fiscal prudence has claimed another casualty, with sources reporting that the supermarket giant has cancelled a Christmas lunch for 50 senior management types at swanky London restaurant...
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Tesco signals slowdown in US growth plans
Tesco is again slowing down the US rollout of Fresh & Easy, with the supermarket giant delaying its expansion into North California as it wrestles with the economic downturn.
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Store site wrangle runs up £2m bill for taxpayer
A battle between Tesco and council officials over a city centre site in Sunderland has cost taxpayers more than £2m.Council plans for the former Vaux brewery site were supposed to create 3,200 jobs and bring in £370m in investment. Ten years...
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Own-label rises leave canned brands behind
The cost of own-label canned food in the big four has soared in the past month, flying in the face of ongoing Tesco and Sainsbury's campaigns promoting own-label brands as cheaper alternatives to branded goods.Although canned food brands...
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Tesco and suppliers at odds as commodity prices drop
As commodity prices fall, Tesco claims suppliers should cut their prices, but manufacturers argue they've yet to feel the benefits. James Ball looks at both sides
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NewsGrocer 33: Morrisons takes Asda's pricing crown
Asda lost its cheapest retailer title to Morrisons this week and had to make do with sharing joint second place with Sainsbury's. It was bad news for Tesco, too, which fell two places to fourth. Morrisons, which undercut its nearest rivals by...
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In-store kiosks are 'natural progression' for Asda Direct offer
Asda is set to follow in the footsteps of Tesco by introducing online ordering kiosks for non-food to stores as part of a raft of in-store initiatives.Customers will be able to order furniture, clothing, toys and electricals at Asda Direct...
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Tesco budgets for reduced sales growth
Tesco is budgeting for 2% like-for-like sales growth in the UK rather than its longstanding 3% to 4% estimate as the economy worsens, say analysts. Following a meeting with Tesco management last week, Shore Capital analyst Darren Shirley...
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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...