Tesco news and analysis – Page 330
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News
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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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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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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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 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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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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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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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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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 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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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: a fully automated future
One computer holds the key to the chain's fast track distribution in 2001 meet Tess of the multiples Tesco is trialling a high speed automated cross docking materials handling system at its composite distribution centre in Southampton. Tesco...
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WELL, HELLO DOLLIES!
Following successful trials with a number of suppliers and logistics providers in the pioneering use of dollies, Tesco is planning to extend its phased rollout of these merchandising units to handle bulk volume ambient lines over the next few...
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Howegarden receivership
Howegarden has gone into receivership owing in the region of £2m. It supplied more than £10m of produce to major multiples, including Tesco Sainsbury and Somerfield. The business is still continuing to trade and the receivers are hoping to sell…
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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...
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Cheap headline prices for own label canned goods have been
In canned fruit, for example, both Asda and Tesco have seen 12% and 9% falls respectively in their year on year sales figures for own label canned fruit, despite continuous low retail prices on the value ranges. Del Monte, with an 18% share of the...
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City puts frighteners on talk of Tesco/M&S link
Tesco bosses have refused to deny a possible tie up with Marks & Spencer even after shareholders saw the value of the former's stocks plummet this week. The continued speculation saw M&S stocks climb as high as 332.5p in the early part of the week...
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the winners and losers
l Morrisons: In the seven weeks to January 9, sales 19.5% higher than the corresponding year. Like for likes up 15.1% l Tesco: In the seven weeks to January 8, total UK sales up 8.8%. Like for like sales up 5.5% with sales volumes up 4.5% l...