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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May- 2024 -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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14 MayHigh Street
Greggs sales rise 7.4% to £693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year. The group also progressed its strategic growth plan, with delivery sales, evening trade and increased participation in…
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13 MayNews
Today’s news in brief-13/5/24
The Very Group has named Nadhim Zahawi, former government minister and MP, as its new non-executive chair. Zahawi, who will succeed Aidan Barclay, brings significant experience in digital growth and innovation. He aims to guide the company’s strategic development and explore new business expansion opportunities, potentially involving fresh equity investment.…
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13 MayHigh Street
Retailers call for overhaul of ‘broken’ apprenticeship levy
Large retailers such as John Lewis, Tesco and M&S have called for the apprenticeship levy to be overhauled as the current system is “a complete waste of money”, This is Money has reported. It is understood that the retailers believe the rules around the apprenticeship levy limit them from using…
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9 MaySupermarkets
‘Era of cheap food is over’, Waitrose boss claims
James Bailey, the executive director of Waitrose has told The Telegraph the “era of cheap food is over”, as the supermarket chain is due to reveal a new initiative to support British farmers in the move to regenerative agriculture. It is understood that the move will make the supermarket the…
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2 MayNews
Today’s news in brief-2/5/24
Total supermarket sales growth in the UK slowed to 3.4% in the four weeks ending April 20, down from the previous month’s 5.4%, as per NIQ data. This decline is attributed to easing inflation, an earlier Easter, and decreased general merchandise sales. Despite lower food inflation, food prices remained high…
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2 MaySupermarkets
Supermarket sales growth slows to 3.4% as inflation eases
Total Till sales across UK supermarkets slowed to a growth of 3.4% in the four weeks ending 20 April, down from a growth of 5.4% reported the prior month, according to new data from NIQ. The slowdown in sales comes as inflation eased in April, with sales also affected by…
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Apr- 2024 -24 AprilHigh Street
Primark appoints three to advisory board
Primark has appointed Martin Brok, Sona Chawla and Christophe Roussel to its advisory board, according to sources. The trio will work alongside Paul Marchant, Primark CEO and outgoing finance director John Bason. The news follows Associated British Foods announcement of Bason’s departure and the launch of a “newly constituted” strategic…
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23 AprilNews
Today’s news in brief-23/4/24
UK’s grocery regulator is closely monitoring Tesco’s imposition of online supplier fees akin to Amazon. The Grocery Code Adjudicator initiated assurance processes after Tesco’s move to charge extra for online sales last year. Tesco claims rising online operation costs prompted the fee, starting at 12p per branded item and 5p…
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