Tesco news and analysis – Page 92
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News
Tesco’s Aldi Price Match: a third of products stay at same price, analysis finds
About two-thirds of the products in Tesco’s new push to match Aldi on price have stayed at exactly the same price as before, analysis shows
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Sainsbury’s joins major supermarkets rationing sales of hygiene products
The retailer is now limiting purchases of handwash, tissues, cleaning products and pain relief
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Aldi reacts to Tesco’s Price Match marketing with counter-offensive
Aldi has hit back with direct price comparisons in a series of press and social media ads
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City snapshot: Tesco agrees £8bn Thai and Malaysian business sale
Tesco has agreed to sell its business Thailand and Malaysia to CP Group for an enterprise value of US$10,6bn (£8.2bn) to fund a special dividend and a £2.5bn pension contribution. Plus, global markets collapse amid oil price plunge and all the rest of the latest news from the City.
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Comment & Opinion
Tesco’s latest Price Match move: can it really go the distance with Aldi?
Tesco is now committed to fight an enemy that has vowed never to be beaten on price
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Tesco to begin price matching Aldi across hundreds of products
The campaign includes both own label and branded goods and will also apply to products ordered online at Tesco.com
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Tesco asks suppliers not to come to offices amid coronavirus fears
The decision comes a day after the government announced new emergency powers to tackle the virus
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Tesco reissues 600,000 Clubcards following online scam
The supermarket said it had discovered attempts by fraudsters to use usernames and passwords stolen from other platforms
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Tesco opens first high street cashless store in London
The new store features 14 tills, with only two manned and none accepting notes or coins
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Tesco slashes Barilla SKUs from its shelves
Its presence in Tesco has been cut from 18 to five skus.
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Tesco to restructure in-store bakeries putting 1,800 jobs at risk
Tesco bosses claimed they were responding to customer trends which had seen a big shift in customer tastes and preferences
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Comment & Opinion
Tesco’s skin tone plasters are common sense. Why isn’t everyone doing it?
There is work to be done in making sure everyone is represented when it comes to everyday essential goods
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News
Tesco clubcard operator Dunnhumby enjoys international sales boost
Sales at Tesco Clubcard operator Dunnhumby were boosted by international growth last year as it continued to diversify revenues away from its parent company.
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TerraCycle to launch Loop online shopping in UK ahead of Tesco tie-up
The ‘circular shopping platform’ Loop will be made available to 5,000 early adopters from 26 March
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More ‘unlawful’ supermarket land agreements bound to be uncovered, experts claim
The competition watchdog last week slammed Tesco over 23 land agreements restricting rivals from opening nearby
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Tesco reprimanded by CMA for ‘unlawfully’ stopping rivals opening nearby stores
The CMA has written to Tesco about 23 stores that have property agreements preventing landlords letting them to other supermarkets
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News
Tesco shuffles drinks buying team as John Wootton is promoted
John Wootton has been appointed as category buying manager in grocery after three years leading the wine team
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Tesco to take more direct role in Booker buying process
The shake-up has been triggered by the retirement of Booker commercial director Andrew Thompson
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News
Tesco to launch dedicated hard seltzer bays
In the US, hard seltzer volume sales have outgrown those of vodka, the country’s largest spirits category
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Tesco drops China supplier after forced prison labour allegations
A cry for help from inmates at a Chinese prison was found in December after a 6-year-old girl in London discovered the note in a card bought from Tesco