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 -4 JuneNews
Today’s news in brief-4/6/24
UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average growth of 0.3%, yet falling short of the 12-month average growth of 2.0%. Food sales saw a notable year-on-year rise of 3.6% over the three months leading to May, though…
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4 JunePeople Moves
Lidl appoints new marketing director
Lidl GB has announced the appointment of Joanna Gomer as its new marketing director and head of campaign and media, who will replace former director Claire Farrant. The promotion comes after Farrant departed the discount retailer in September 2023 to head up marketing for BP’s mobile and convenience retail business…
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May- 2024 -31 MayNews
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased sales in items such as ice cream, cider, pre-mixed alcoholic drinks, and mineral water. Visits to stores increased by 2.8%, adding 14.3m visits compared to the previous year, while online…
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31 MayNews
Tesco signs new wind farm deal to accelerate renewable energy projects
Tesco has announced it has signed a new deal to take 150GWh of power from Stranoch wind farm every year. The wind farm, being built by EDF Renewables UK, has started construction this week and is due to become operational in 2026 generating 102MW, with 20 turbines located on the…
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31 MaySupermarkets
Supermarkets enjoy 3.3% sales boost in May
Total Till sales at UK supermarkets remained strong at +3.3% growth for the four weeks ending 18 May 2024, according to new data released today by NIQ. This is in line with figures reported last month (+3.4%) and is attributed to the brief period of hot weather during the week…
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29 MayNews
Poundland introduces new £3 meal deal
Poundland has today (28 May) launched its brand new £3 meal deal with sandwiches, salads and snacks. The new ranges raise the bar as Poundland introduces new options from high quality companies that already supply other multiple retailers such as M&S. What sets Poundland’s offer apart is that the price…
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17 MayAdvice
Here’s what you’re missing if you forgo a loyalty programme
Businesses have been known to implement loyalty programmes – or customer rewards, as some might call them – since at least the mid-80s. While it’s mostly associated with retail, it can be used by anyone who exchanges goods or services, from coffee shops to hairdressers. Some detractors might like to…
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15 MayNews
Today’s news in brief-15/5/24
Tesco CEO Ken Murphy has seen his pay more than double to nearly £10m, fueled by a 159% rise in pre-tax profits to £2.29bn and a 7.4% increase in group sales excluding VAT and fuel. This pay increase, largely due to a performance share plan, raised his compensation from £4.44m…
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15 MaySupermarkets
Tesco CEO pay doubles to almost £10m
Tesco CEO Ken Murphy has seen his pay more than double over the last year, taking home £9.93m, as the supermarket saw its profits soar. Murphy, who took home a pay packet of £4.44m the year prior, saw his pay boosted by £4.91m as a result of his performance share…
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14 MayNews
Today’s news in brief-14/5/24
Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…
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