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Tesco news and analysis – Page 296
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News
Express fails to dent high street
Tesco's first standalone Express is exceeding sales targets, according to the company, but its customer research suggests Value lines should be added to the range. Customers surveyed during December said their main reasons for shopping at the...
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Deals get cut to size
Supplier negotiations are becoming more complex as the multiples push for format-specific deals with one-size-fits-all thinking being scrapped says Elaine Watson What's the difference between a Tesco Extra and a Tesco Metro? Right now, not much,...
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Conversion to take six years'
Elaine Watson Tesco's aim to convert half the One Stop/Day & Nite estate to the Express format in four years looks overly ambitious, according to a new IGD report. In Convenience Retailing: Implications of Market Consolidation, IGD claims...
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Tesco factory gate switch reaches 30%
Almost 30% of the cases delivered to Tesco's distribution centres now arrive on Tesco trucks as it presses on with its factory gate pricing initiative. Just over a year after Tesco started taking responsibility for the collection of goods from...
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Tesco to trial RFID tags
Tesco is to trial radio frequency identity tags to improve availability and stock levels and which could feature on food products to alert staff which items are close to sell-by dates.The smart chips will relay information as to which...
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Tesco works to tap into media owner potential
Siân Harrington Tesco is to pilot third party advertising on the sides of lorries leaving its Livingston depot as it seeks new ways to generate revenue by positioning itself as a media owner. The UK's largest retailer is also undertaking a...
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Press round-up
Air Miles, a British Airways subsidiary, has fallen £11m into the red after profits of £8m last year, reported The Business. The reward scheme operator severed ties with Sainsbury last year and began a new deal with Tesco. AirMiles blamed the losses...
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Weekend press round-up
Supermarkets could be allowed to operate at motorway service stations with formats such as Tesco Metro and Marks and Spencer’s Simply Food, according to the Sunday Telegraph.The paper said current operators such as Moto, Roadchef and Welcome...
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Press round-up
In response to the price cuts announced by Tesco and Asda, communications director at Safeway, Kevin Hawkins, told the BBC’s Radio 4 Today programme that he viewed the reductions with a big touch of scepticism. He said: "We have these so-called...
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Press round-up
Supermarket supplier Northern Foods is under pressure from shareholders for a shake-up after a profits warning.According to the Financial Mail on Sunday at least one major shareholder has asked to see chairman Peter Blackburn.Tesco's...
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Press round-up
Tesco and Marks and Spencer could face a consumer boycott over RFID smart tags – used to improve supply lines, to tackle product recalls and refine marketing – as civil liberty groups say the information could be used to snoop on people.The Mail...
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Tesco revamps organic
Tesco is acting on royal advice to try and boost its organics category. The retailer is keen to promote its organic offering more aggressively and has embarked on a major redesign of its organic fruit and veg packaging. The plan developed from a...
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News
OFT has missed point'
Elaine Watson The Association of Convenience Stores has penned an angry letter to the OFT asking it to explain the thinking behind its decision to wave through Tesco's acquisition of T&S. Although regulators gave Tesco the green light before...
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McCarthy: sit up, take note'
Glynn Davis Tesco officially took over the reins at new acquisition T&S Stores on Monday a move that could signal the start of a new era for convenience stores. Jim McCarthy, former chief executive of T&S Stores who is the transitional...
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Satellite eye on lorries
Tesco and Sainsbury have invested "multi-millions of pounds" in introducing satellite tracking equipment across the supply chain. An 18-month roll-out of the Isotrak black box tracking to Tesco's 1,350 vehicles, 23 UK delivery centres and 740...
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More than two thirds of Leading Edge's young managers think
Tesco's acquisition of T&S Stores has been a hot topic in the industry and in the press. Opponents of the deal claim it will damage suppliers and independent retailers and be bad for the consumer. Those in favour believe the move will bring an...
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tesco deal forces mutual dependence
from John Emeny, chairman, Rusts Ltd Sir; The move into neighbourhood retailing is perhaps the final step that Tesco can take within the UK to maintain its profit momentum. It has led the trade in size of store, range of merchandise, price,...
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BABY WIPES
The baby wipes sector appears one of the fastest growing areas, with an overall growth in the latest year of 20%. All key outlets appear to be driving this growth with Boots, Superdrug, Sainsbury, Tesco and Safeway overperforming the total market. A...
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Tesco spreads 5-a-day gospel
Ed Bedington Tesco is hoping to spread its 5-a-day campaign message to a global audience. The retailer will be the only UK supermarket to give a key speech on the subject at the International 5 a Day Symposium in Berlin next week. Hamish...
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Tesco recall for nut cutlets
Tesco has recalled a batch of its own label vegetarian nut cutlets which could be contaminated with glass. The recall of Tesco Vegetarian 4 Nut Cutlets – manufactured by Goodlife Foods – came after four customers complained of glass found in...