Tesco news and analysis – Page 274
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News
Understanding is key to tesco success
from Richard Mills, director of retail, SAP (UK)Sir; The news that Tesco continues to soar ahead of the competition will come as no surprise to its peers in the retail sector. Tesco is miles ahead of the pack for one very simple...
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Tesco opens non-food pilot
Tesco has opened its first store dedicated to non-food under the Home Plus format.The 30,000 sq ft site is in Denton, east Manchester, in the newly built Crown Point Northern Retail park, off the M67.It is on two floors – the ground floor...
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Online overhauled
Sainsbury relaunched its online shopping offer this week with a view to creating a quicker, more user-friendly site that can take on market leader Tesco.com.As part of the overhaul, it has ditched the Sainsbury’s To You brand in favour of...
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where’s tesco’s respect for staff?
from a Tesco job candidate, name and address suppliedSir; I note with interest Tesco’s half year results showing £900m-plus profit.It is obviously doing something right in consumers’ eyes to attract the footfall. But it’s a pity...
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Tesco to exit Taiwan
Tesco is to exit Taiwan as part of an asset swap with French retailer Carrefour.As part of the deal, 11 Carrefour stores in the Czech Republic and four stores in Slovakia will be transferred to Tesco for a combined enterprise value of...
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Fire puts Auld Foods out of action
Tesco, Sainsbury and Morrisons could be short of own-label frozen and chilled desserts for a few weeks following a blaze at a Scottish supplier.The fire at Aulds Foods’ Inchinnan factory, in Refrewshire, took firefighters 10 hours to put out,...
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Multibuys back on the agenda
On the back of the impressive half-year results from Tesco, this month’s Homescan Tradetrak confirms that Tesco has continued to grow market share in a weakening retail market.Top-line food growth in the multiples slowed in August to 3.4% with...
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Albertsons no, but US, yes
Tesco is not interested in US supermarket chain Albertsons but has been examining the possibility of entering the US for some time, chief executive Sir Terry Leahy has admitted.Releasing the retailer’s half-year results, Sir Terry denied that...
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Tesco makes tills sweat with body heat sensors
Tesco is trialling innovative heat sensor technology to minimise its checkout queuing times.A strategically placed sensor above each till measures body heat, to accurately predict the number of people waiting.This information is then...
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Half of UK’s ethnic minority population choose Tesco
Tesco is the supermarket of choice for half of the UK’s ethnic minority shoppers, the largest study ever caried out into their lifestyle trends has revealed.Of the 1,700 shoppers surveyed in the MinorityReport for OMD Insight, 50% said they...
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Private investigations now on offer at Tesco
Tesco plans to increase its transparency by appointing its very first code compliance officer…but the name of the officer is being kept secret.The supermarket said the appointment illustrates how seriously it took its relationships with...
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Retailers’ mixed reaction to OTM
Tesco plans to stock beef from cattle aged Over Thirty Months, Waitrose will not and Somerfield is mulling over the issue following the government’s decision to allow OTM beef back into the food chain.A Tesco spokesman said the multiple had...
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The right place, the right time
Tesco and Waitrose, which both announced record half-year results this week, are winning the hearts of shoppers for their respective clear and consistent approaches, say analysts.They say Waitrose’s interims showed retailers didn’t need a...
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Pumping up the volume
The Safeway deal turns attention on just how large a forecourt retailer Tesco has, perhaps by default, become says Beth BrooksThere’s no doubting the fact that Tesco has always regarded the petrol arena as a massive business...
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City reacts to Tesco results
Shares in Tesco dropped 13p to 313.5p yesterday after the retail giant warned the City that higher costs, especially related to an increase in oil prices, were a cause for concern.Despite revealing an 18.7% rise in pre-tax profits to £908m...
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Tesco set for £2.3bn profit
Tesco’s juggernaut shows no sign of slowing down as it is expected to release record interim results next week.Clive Black, retail analyst with Shore Capital, predicted that the UK’s biggest retailer was likely to announce a half year profit of...
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BP connects to the future
BP is embarking on a new strategy for its Connect forecourt stores with a formula that it believes convenience operators such as Tesco and Spar will be unable to replicate. The first strand of the strategy will be revealed when the oil giant...
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Local shop probe grilling on its way
The All Party Parliamentary Small Shops Group will be calling upon Tesco, Asda and the British Retail Consortium to give oral evidence in its inquiry into the future of local shopping and the high street.The group, chaired by Labour MP for...
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Why Tesco is the ‘Toyota of grocery’
from Daniel Jones, chairman, Lean Enterprise AcademySir; When Lee Scott, CEO of the mighty Wal-Mart, asks the UK government for protection against competition from Tesco (one fifth of its size), something significant is going...