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.
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Sep- 2024 -27 SeptemberNews
Today’s news in brief-27/9/24
Amazon’s UK division has resumed paying corporation tax for the first time since 2020, ending a period of tax credits due to the conclusion of a government tax break. The company paid £18.7m in “current tax” on sales totaling £27bn last year. This move follows criticism over Amazon’s tax contributions…
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27 SeptemberSponsored Articles
G2A.com wins award for diversity in gaming campaign at Ecommerce Awards 2024
G2A.COM, the marketplace for digital entertainment offers, has revealed it was awarded 1st place in the Best Digital Marketing Campaign category for its impactful Celebrate Gamers’ Diversity campaign at the Ecommerce Awards 2024. The event, organised in collaboration with The UK eCommerce Association and hosted by British comedian and media…
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27 SeptemberSupermarkets
Tesco expands partnership with The Trade Desk
Tesco has extended its partnership with The Trade Desk to give advertisers direct access to its Clubcard data. The extended partnership means brands can plan and execute their campaigns without solely relying on third-party cookies for the first time. Marketers can now optimise across channels on the open internet from…
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20 SeptemberFeatures
Why has John Lewis brought back Never Knowingly Undersold?
The announcement of John Lewis’s half year results brought with it an unexpected announcement, the return of the company’s Never Knowingly Undersold motto. The company abandoned the slogan in February 2022 as it claimed it was struggling to compete with online retailers such as Amazon. Now, the Partnership claims that…
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12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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12 SeptemberSupermarkets
Tesco loses ‘fire and rehire’ case at Supreme Court
Tesco has been blocked from its ability to dismiss staff at certain distribution centres and rehire them on lower pay, the Supreme Court has ruled. In a judgement passed today (12 September), five Supreme Court justices ruled on the motion unanimously. In 2021, trade union Usdaw took legal action over the…
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6 SeptemberNews
Today’s news in brief-6/9/24
Burberry, a fixture in the FTSE 100 for the past 15 years, has been demoted to the FTSE 250 following a steep decline in its share price, which has plummeted by around 50% over the last six months. The luxury fashion house has been hit hard by a slowdown in…
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6 SeptemberNews
Tesco backs 16 new brands as part of accelerator programme
Tesco has stepped up its commitment to championing diverse new brands by adding 16 new brands to its 2024 accelerator programme. Building on the success of previous intakes, 16 brands will join the Tesco initiative, which aims to introduce small and trend-led brands into Tesco. The programme provides a comprehensive…
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Aug- 2024 -30 AugustSupermarkets
Tesco faces strike ballot as warehouse workers reject pay offer
Usdaw has launched a consultation ballot, asking Tesco workers at eight sites if they are ready to take a dispute over pay to industrial action. According to the trade union, members at all eight sites “overwhelmingly rejected” Tesco’s pay offer of between 2% plus £500 and 4.4%, depending on contract.…
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13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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