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Tesco news and analysis – Page 317
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News
news special: Tesco results: Asian giants probed for opportu
Japan and China are being targeted by Tesco as it accelerated its overseas expansion. Deputy chairman David Reid said: "We believe there are opportunities to open hypermarkets in these countries that's the attraction. We have people out there and...
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The Grocer Focus on fruit juices and juice drinks: Top 10 br
1. Sunny Delight juice drink 2. Ocean Spray juice drink 3. Sainsbury long life juice 4. Del Monte pure juice 5. Tropicana pure juice 6. Tesco ...
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TO PICK - OR NOT?
Can store picking support e-commerce? Will suppliers and retailers end trench warfare? Can a one size fits all' CM approach be developed? Julian Hunt got some answers in Turin Tesco Direct was held up as a model of excellence for any food retailer...
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Tesco seems to be going from strength to strength, so why is
Tesco is undervalued. The UK's most admired company as voted by readers of Management Today last year is suffering the same fate as many blue chips in the wake of a boom in hightech and internet stocks. But when Tesco results are announced on...
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Marks and Spencer
Marks & Spencer is expanding its franchise operation into the Czech Republic. It follows the announcement two weeks ago that Tesco is buying two retailing businesses in the Czech Republic and Slovakia from the US-based Kmart Corporation. The 13,000...
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End for dessert company
The Dessert Company, a subsidiary of the Sara Lee Corporation, has been forced to shut up shop after losing a supply contract with Tesco resulting in the loss of around 700 jobs. The Newark company had been supplying Tesco with chilled sweets...
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tesco motors into insurance
Tesco is launching motor insurance in a bid to attract consumers looking to cut the cost of driving. The multiple's personal finance division commissioned research revealed 64% of car owners would switch insurance companies if it meant they could...
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News briefs
IRI is making Tesco sales data available over the Internet with the launch of its InfoScan SalesWeb service. More than £1.5m in savings have been passed on to shoppers by the 200 Nisa retailers involved in the group's first Multibuy Bonanza...
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News Briefs
US retail giant K Mart is said to be seeking a merger with a supermarket partner. The chain has already sought a three-way deal with Albertsons and American Stores. Tesco has refused to comment on trade rumours it will be running a half-price...
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Tesco snubs Barclays
Barclays has run into trouble with Tesco, which has threatened to throw out the bank's cash point machines if it goes ahead with a £1 charge for non-account holders. It announced it was inviting tenders from Nationwide for the contract at all 646...
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Asda, Tesco are media darlings
Clive Beddall Tesco and Asda hijacked the UK's media machinery this week and grabbed millions of pounds' worth of free publicity for their latest salvoes in the high street price war. The multiples' spin doctors worked overtime as Asda celebrated...
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SALVESEN DEPOT OPENS
Christian Salvesen has officially opened its £2.3m shared user produce depot in Evesham, Worcester. Among its customers are Asda, the Co-op, Fyffes, Marks and Spencer, Safeway, Somerfield, and Tesco. It has the capacity to handle more than a...
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english apples
Multiple sells abundant supplies at lowest prices on record' Tesco volume sales soar Tesco has claimed a massive increase in sales of English apples in the season coming to a close. Buyer Simon Latham said it had reached 57 million, the...
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Tesco sells off Stewarts offies
Tesco is offloading 18 of the Stewarts off licence chain it owns in Northern Ireland. It plans to integrate 30 others with supermarkets but six will be kept for development. Philip Russell, which operates 40 off licences in the province, is a...
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Tesco staff get SAYE cash
Staff at Tesco are in line for an £83m payout this month from the company's Save As You Earn scheme. Savers have invested between £5 and £250 every month in three and five year savings plans. They are due to receive news of payouts in the coming...
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Motoring ahead
What's the story behind Tesco's rising interest in forecourt stores? Camilla Palmer reports The race to capture consumers while they fill up their cars with fuel, or snap up a paper, chocolate bar and a pork pie, has suddenly got faster with the...
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Tesco Express adds 150 forecourt sites
Tesco's plans to expand its portfolio of Tesco Express forecourt stores have been met with concern by independent retailers. The multiple has struck a deal with Esso to open supermarkets on 150 sites during the next three years. But symbol groups...
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Tesco: satisfaction
Tesco CEO Terry Leahy congratulated the Competition Commission for "not getting sucked into the general uninformed clamour" about supermarkets' profitability. Admitting he was "a little surprised" by the positive comments from the Commission in...