Tesco news and analysis – Page 306
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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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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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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...
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Holmes is new T&S boss
Tesco has named Colin Holmes as the new boss for T&S Stores following approval for its takeover from secretary of state for trade and industry Patricia Hewitt.Holmes has moved from his role as operations director for superstores central to...
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Painting a rosy picture for the boss
from Allan Kirkwood, Hemel Hempstead, Hertfordshire Sir; I read with interest Lucy Neville-Rolfe's Saturday Essay about Tesco Express (The Grocer, December 7). However I vividly remember Sir Richard Greenbury, a year or so after the great Marks...
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Holmes is new T&S boss
John Wood Tesco has named the new boss for T&S Stores following approval for its takeover from secretary of state for trade and industry Patricia Hewitt, and confirmation that it had acceptance of its offer by 85% of the shareholding. Colin...
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Tesco organic growth
Tesco is pumping new life into its organics offer with onpack stickers featuring the slogan, Why Organic?Tesco’s customer manager for produce Sally Eglin said the stickers, which explain that organic foods are tasty, non-GM, and good for the...
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C-stores to take centre stage
Tesco’s acquisition of convenience store group T&S Stores is set to change the face of neighbourhood retailing in the UK, as small scale, local stores take centre stage and grocery retailing is turned full circle. According to retail...
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Tesco scoops up T&S
Tesco has taken full control of T&S Stores after receiving valid acceptances from shareholders representing 85% of its stock.The £377m offer has now been declared unconditional but will remain open for acceptances from remaining T&S...
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ACS fearful over Tesco acquisition
The Association of Convenience Stores chief executive David Rae has warned that the OFT’s sanctioning of Tesco’s acquisition of T&S stores would have a damaging impact on the convenience store sector.“This acquisition will mean Tesco will...
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OFT clears Tesco bid for T&S Stores
Tesco’s £377m takeover bid for the convenience store outlets such as Day & Nite and One Stop operated by T&S Stores has been given the green light by the Office of Fair Trading.Trade secretary Patricia Hewitt announced that the OFT would not...
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Budgens calls for fresh look into top-up shopping
Musgrave executive chairman Eoin McGettigan told GrocerToday that although the horse had already bolted in relation to Tesco and T&S, the onus was now on the OFT to instigate a market investigation into the top-up shopping market in the UK. ...
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Asda rolls back the basket price yet again
Asda took our Grocer 33 shopping basket to a new low again this week, when its Spondon store checked out the full list for £35.69. The store's new record, beat the all-time low of £35.90 which Asda in Havant produced last month. Tesco took...
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This is not fair competition refer it!
from Leo Gillen, MD, Nisa Gillens Supermarkets, Hartlepool Sir; I was concerned by Lucy Neville-Rolfe's bizarre Saturday Essay (December 7). Was it tongue-in-cheek or a serious attempt to defend Tesco's move into the convenience sector ? A...
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OFT advises DTI on Tesco bid for T&S
The Office of Fair Trading has passed on its advice, regarding the acquisition of T&S stores by Tesco, to the Department of Trade and Industry.Secretary of state at the DTI Patricia Hewitt will now make a decision about the deal by December...
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Graves moves to exploit Tesco breathing space
Anne Bruce Costcutter plans to rebadge its estate in the "18 months' breathing space" before Tesco's Express format takes off, said chairman and chief executive Colin Graves. Speaking at Costcutter's annual supplier conference, he said the...
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Graves moves to exploit Tesco breathing space
Costcutter plans to rebadge its estate in the “18 months’ breathing space” before Tesco’s Express format takes off, said chairman and chief executive Colin Graves.Speaking at Costcutter’s annual supplier conference, he said the symbol chain...
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Spain to build on Tesco alliance
Ed Bedington Top Spanish officials have met Tesco bosses to thrash out plans to repeat and expand an innovative marketing deal. The success of the retailer's first-ever generic marketing campaign for the country's fresh produce this year led...
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Hunt calls for OFT referral of T&S buy
Federation of Wholesale Distributors chairman Rodney Hunt has called on the Office of Fair Trading to refer Tesco's bid for T&S Stores to the Competition Commission. Speaking at the FWD annual dinner, Hunt said Tesco's turnover in grocery was...
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Customer: a person who buys. That is a dictionary definition
This is why Tesco works so hard to understand customers better than anyone else. We get to know their likes and dislikes and study what they buy and how they shop. Then, armed with this intelligence, we adapt. The offer we have made for T&S stores...