Tesco
This coverage examines Tesco’s strategy, operations, and performance within the UK grocery and retail sector. Reporting highlights store and online initiatives, product development, pricing strategies, financial results, marketing campaigns, sustainability efforts, and leadership decisions. With a focus on commercial outcomes and competitive dynamics, it provides insights for professionals managing grocery, convenience, and multi-channel retail.
-
Oct- 2024 -28 OctoberOnline & Digital
Amazon grocery boss to step down
Amazon grocery boss Tony Hoggett has revealed that he is set to step down from his position at the company to “pursue the next chapter of his career”. Hoggett joined Amazon back in 2022 as senior vice president of worldwide grocery stores. Previous to this he was Tesco group chief…
Read More » -
23 OctoberPeople Moves
Asda bolsters leadership team with new senior hires
Asda has appointed two new senior leaders to help drive its growth ambitions in 2025. The supermarket giant has named Lauren Lepley as vice president Central Operations and Mark Henry will join in January from M&S as vice president Retail South, with responsibility for Asda’s southern store operations. Both Lepley…
Read More » -
17 OctoberNews-In-Brief
Today’s news in brief-17/10/24
N Brown has agreed to a £191m takeover by Falcon 24 Topco, a company led by Joshua Alliance, a member of the founding Alliance family. Joshua, who already holds a 6.6% stake, will acquire the fashion retailer at 40p per share. Other family members, including former chair Lord David Alliance,…
Read More » -
17 OctoberSupermarkets
The Entertainer rolls out over 850 concessions in Tesco stores
The Entertainer has completed a major roll-out of more than 850 brand-new toy shops within Tesco stores as part of its new partnership. The toyshop’s significant expansion across 861 large Tesco stores in the UK and Republic of Ireland was achieved in just eight months. The roll-out involved over 4.5…
Read More » -
17 OctoberSupermarkets
Tesco signs ‘largest’ PPA to power 144 supermarkets
Tesco has signed its largest UK Power Purchase Agreement (PPA), which has secured 65% of the solar power generation from Cleve Hill Solar Park in North Kent, to meet the equivalent electricity needs of 144 of its large retail stores annually. Cleve Hill is the largest solar and battery storage…
Read More » -
10 OctoberNews
Tesco to invest £4m of fruits and vegetables to 400 schools
Tesco is going to invest £4m in a new scheme that will give thousands of young people fruit and vegetables every day at school. Tesco Fruit and Veg for Schools, which has been developed in partnership with the British Nutrition Foundation, will provide funding for up to 140,000 pupils to…
Read More » -
4 OctoberPeople Moves
M&S Clothing & Home MD joins Refined Networks as NED
M&S Clothing and Home managing director Richard Price has been appointed as a non-executive director at Refined Networks, the global platform for cross-border digital commerce. The non-executive appointment comes at a time of rapid expansion for Refined Networks. Since 2021, the company has partnered with over 40 international fashion brands…
Read More » -
3 OctoberNews-In-Brief
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward revision of its full-year guidance. The supermarket giant achieved a 10% rise in retail operating profits to £1.56bn, with statutory operating profits climbing 13% to £1.6bn. This growth was supported…
Read More » -
3 OctoberSupermarkets
Sainsbury’s chief calls for Budget action on consumer confidence
Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this month. He told Reuters that despite falling inflation, higher wages, and solid employment levels, UK shoppers remain nervous about spending on bigger ticket items. Recent surveys have shown UK consumer…
Read More » -
3 OctoberSupermarkets
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with the supermarket’s boss noting the business is “in good shape”. Over the period, retail operating profits rose by 10% to £1.56bn, while statutory operating profits were up by 13% to £1.6bn. …
Read More »
