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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Apr- 2024 -3 AprilNews
Today’s news in brief-3/4/24
Amazon is reportedly discontinuing its Just Walk Out checkout system in US Amazon Fresh stores, opting instead for Dash Carts, which allow shoppers to pay as they shop. The move, announced by Tony Hoggett, Amazon’s senior vice president of grocery stores, aims to enhance customer experience by integrating features like…
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3 AprilSupermarkets
Supermarket sales jump 5.4% in March
Total till sales at UK supermarkets grew 5.4% in the four weeks ended 23 March 2024, according to data from NIQ. Whilst this is a slight increase compared with the 5.3% growth reported last month, the drop in food inflation (3.7%) compared with 15% last year has encouraged shoppers to…
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Mar- 2024 -28 MarchNews
Tesco and NatWest join forces to help farmers with decarbonising costs
Tesco and NatWest have launched a new discounted climate and sustainable finance scheme for 1,500 of the retailer’s farmers providing them with financial assistance in order to switch to sustainable farming methods. The voluntary programme, which has been designed with farmers’ input, will see farmers who are part of Tesco’s…
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26 MarchHigh Street
Pets at Home expects FY PBT to hit £132m
Pets at Home has revealed that it expects its full-year profit before tax to be £132m, in line with its previous guidance. This comes as the company stated that its Q4 trends across its retail and vet arms have been broadly in line with expectations. It now successfully launched its…
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20 MarchNews
Today’s news in brief-20/3/24
UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing food inflation. The prices of bread and cereals rose slightly by 0.3% compared to a significant increase of 2.3% in the previous year, contributing to the overall decrease in food…
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20 MarchSupermarkets
Tesco to change Clubcard logo after losing Lidl legal battle
The Court of Appeal has agreed in favour of Lidl in the dispute between the German discount chain and Tesco, whose Clubcard Prices logo has been found to infringe on Lidl’s copyright. As a result, Tesco has been told to stop using its Clubcard Prices logo after losing the legal…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchSupermarkets
Sainsbury’s CEO apologises as tech issues hit online deliveries
Sainsbury’s CEO Simon Roberts has apologised to the supermarket’s customers after a software glitch impacted contactless payments, leaving thousands without their food orders. The grocer said that a technical glitch had affected its ability to to fulfil the majority of online deliveries on Saturday (16 March), as customers slammed its…
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11 MarchNews
Today’s news in brief-11/3/24
Doug Putman, the owner of HMV, is reportedly contemplating a bid to acquire The Body Shop from its administrators. The Body Shop has encountered financial difficulties, including filing for bankruptcy in the US and Canada. This move follows the closure of numerous stores and job losses. Private equity firm Aurelius…
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11 MarchTechnology
Retail sector launches nationwide recruitment drive for women coders
Retail giants Unilever, Tesco Bank and Dunnhumby have announced that they are strengthening their efforts to recruit more women coders into the retail sector. The companies join other big names including NatWest, GCHQ and Just-Eat in partnering with Code First Girls, which works with over 150 companies in the UK…
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