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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Jun- 2024 -28 JuneSupermarkets
Tesco agrees retail media partnership with advertising giant GroupM
Tesco has announced a significant media partnership with GroupM, WPP’s media investment group, which aims to “drive best-in-class delivery of data-led solutions, education, and innovation across all facets of retail media in the UK”. GroupM said the deal is among the first of its kind focused specifically on the burgeoning…
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18 JuneNews
Tesco to improve chicken welfare standards
Tesco has recently announced that all the fresh chicken in its core ranges will be reared to higher welfare standards, providing customers with access to chicken grown with more space to perch and move around. The improvements, which will be completed by the first half of 2025, will see chicken…
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18 JuneSupermarkets
Supermarket sales slow in May as wet weather dampens visits
Take-home grocery sales rose by just 1.0% over the four weeks to 9 June 2024, marking the slowest increase since June 2022 as poor weather and falling inflation impacted the sector, according to the latest data from Kantar. Growth in footfall has also stalled, with the average shopper visiting a…
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17 JuneNews
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
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17 JuneFeatures
The power of retail loyalty programmes
In the ever-competitive landscape of UK retail, where consumer choice is vast and customer expectations are higher than ever, retail loyalty programmes have emerged as a vital strategy for businesses looking to thrive. These programmes, which reward customers for their continued patronage, have become a cornerstone of modern retailing, providing…
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17 JunePeople Moves
Kingfisher names Bhavesh Mistry as new CFO
B&Q owner Kingfisher has announced the appointment of Bhavesh Mistry to the role of chief financial officer, with his exact start date to be announced in due course. The news comes as current CFO Bernard Bot will be retiring to “further pursue his non-executive career”. While Bot’s leaving date is…
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14 JuneNews
Today’s news in brief-14/6/24
The British Retail Consortium (BRC) has expressed support for the Labour Party’s manifesto, which aims to bring significant changes to benefit retailers and their customers. The BRC particularly appreciates Labour’s recognition of the flawed business rates system that stifles investment and results in numerous vacant retail properties. However, retailers are…
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14 JuneSupermarkets
Tesco maintains guidance and grows market share as Q1 sales rise
Tesco has revealed that its market share has risen to 27.6% in the 13 weeks ended 25 May 2024, as the group welcomed strong volume growth and rising sales over the period. It comes as the supermarket’s sales in the UK and Ireland rose by 3.6% to £14.3bn over the…
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6 JuneNews
Today’s news in brief-6/6/24
Andrew Fisher, a long-serving director at Marks & Spencer (M&S), is resigning following the company’s hiring of Alison Dolan, CFO of Rightmove. Fisher, who has been chairman of Rightmove since 2020, felt blindsided by M&S’s decision, learning of it late in the recruitment process. He has been with M&S since…
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6 JuneSupermarkets
Tesco launches ‘one-stop shop’ online marketplace
Tesco has announced the launch of Marketplace, which will give customers the opportunity to shop thousands of products from its brand partners online alongside groceries. The launch follows a trial phase with Tesco colleagues over the past couple of months, who tested and learned how customers will use the platform. …
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