Tesco news and analysis – Page 333
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News
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...
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News
Expansions create 28,000 new jobs
The major supermarket chains are set to create 28,000 new jobs in the UK in the coming year. Tesco leads the way with a promise of 10,000 new staff in 22 new UK stores. It is also expanding its home delivery service currently operated from its...
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News
Tesco gets tough in new GM rules
Tesco has broken ranks with the major supermarket groups by imposing a ban on crops grown in fields that have been host to genetically modified foods. It said the decision would not affect its current suppliers but will help them plan their future...
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News
Millennium Babies
Last September Tesco launched a baby and toddler catalogue as part of its mail order home shopping service. It was another strand of Tesco's stategy to provide a complete one stop shopping service covering every facet of the babycare products...