Tesco news and analysis – Page 324
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n With the latest results out, is there hard proof Sir Peter
Sainsbury's fortunes have seemed rather like a runaway trolley over the last few years, complete with wobbly wheels. After years of growing market share, it began haemorrhaging customers and profits while arch rivals Tesco and Asda continued their...
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Careers: Tesco offers internet access to jobseekers with DoE
Tesco is extending its thrust in the personnel arena to cater for customers shopping for a new career. It has started trials of a free government sponsored internet point for jobseekers. It partnered with the Department of Education and Employment...
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South Korea and Hungary: Tesco backs up rapid growth with ne
Tesco is building the infrastructure to support its rapid growth in South Korea and Hungary this year as work begins on two new state-of-the-art distribution facilities due to open in 2002. Tesco's success in Thailand has been attributed in part to...
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Tesco: Online help for the blind
Tesco has adapted its online shopping service to cater for blind and partially sighted people, enabling another two million customers to buy goods from Tesco.com. Tesco collaborated closely with the Royal National Institute for the Blind to create...
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Obituary: Tesco's Hyman Kreitman dies at 86
Former Tesco joint chairman Hyman Kreitman has died at the age of 86. A son-in-law of the multiple's founder, the late Sir John Cohen, he joined Tesco in 1946 as an executive director when the chain had 95 open-fronted shops. He played a major role...
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Multiples: Tesco staff set to strike after talks break down
Tesco has come under fire from staff and unions on both sides of the Irish Sea this week for paying substandard wage. Tesco Ireland is bracing itself for industrial action after the latest round of talks with unions over the basic rate of pay broke...
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Opinion: Congratulations are in order
The news that six Tesco directors had each pushed home more than £1m in their trolleys after the multiple smashed the £1bn profits barrier sent media pundits into deepest shock horror mode this week. And therein lies a major challenge. How do you...
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Republic of Ireland: Tesco blasts RGDATA's price claims
Tesco Ireland has rounded on Irish independents lobby group RGDATA after it accused the multiple of trumpeting price cuts and then quietly hiking prices up again. Corporate affairs manager Sarah Morris accused the lobby group of being...
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Tesco: Analyst's sell' perplexes the City
ABN Amro analyst Mark Wasilewski's widely publicised sell' recommendation on Tesco has perplexed many of his counterparts in the City. The only broker to issue a sell recommendation on the stock, Wasilewski expressed surprise at the retailer's...
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Isle of Man: Offshore store wars
Tesco's arrival means times are getting tougher for the Isle of Man's retailers. But the giant is not getting it all its own way says Ed Bedington Dismiss the Isle of Man as a quiet backwater at your peril. On top of overcoming the daily...
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Republic of Ireland: Tesco aloof as OECD sparks below cost r
A call for the abolition of the Irish Republic's Groceries Order which bans below price selling has re-ignited the long-running dispute over the legislation. The Organisation for Economic Co-operation and Development, an influential European...
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Republic of Ireland: Another round of cuts by Tesco
Tesco has set off another round of price cuts in the Irish Republic its fourth since last September with an average 12% reduction on 120 food and grocery items in its 76 stores. The cuts were immediately matched by Superquinn which also added...
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Republic of Ireland: Strike vote hits Tesco
Tesco's 9,500 Irish staff are to vote on strike action at its 76 stores across the Republic in support of a claim for "significant and substantial pay increases". The two unions involved, Mandate and SIPTU, decided to call a ballot because of what...
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US online shopping: Rocky ride stateside
Pure players in the US home shopping market have found the trail to profit growing cold while even bricks and mortar based grocers struggle with the logistics. Helen Gregory reports The US was into home shopping long before Tesco Direct vans...
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Tesco: Train and gain
Ed Bedington reports on an ambitious commitment to staff development Tesco staff will be heading back to school as the company steps up plans to build a better business on solid foundations its employees. The chain is currently developing a...
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Italy: Esselunga hams it up for launch of home shopping
Leading Italian retailer Esselunga has launched a home shopping web site developed for it by Unipower Solutions Europe, which helped develop Tesco's service. Initially the service will be available to customers in Monza with a wider rollout later...
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MULTIPLES: NFU HEAD OFFICE SUPPORT FOR TESCO
Despite widespread media reports this week suggesting a rift between the two, the NFU has spoken out in support of Tesco as the multiple announced record profits. NFU head of marketing Helen Lo told The Grocer: "We recognise Tesco as the number one...
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Multiples: Tesco's Leahy warns of no price war let-up
Tesco has vowed to continue its price war with the rest of the sector after announcing record-breaking £1.07 billion profits. Chief executive Terry Leahy said its price battle would continue with the whole industry, not just Asda. "There won't be a...
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What does a man have to do!
Terry Leahy can't win. If the Tesco chief executive were to chalk up £3bn worth of pre-tax profits, immediately donate £1bn to the farmers and then give another £1bn to the National Union of Journalists Benevolent Fund he would still find a pack of...
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Tesco: Training academy second to none'
Tesco is planning to develop a state of the art training academy which will be open to all grades of staff. Learning director Kim Birnie said the college will provide first rate training facilities for all Tesco staff. "The Tesco Academy is still...