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.
-
Feb- 2024 -7 FebruarySupermarkets
Jan supermarket sales remain buoyant
Total Till sales at UK supermarkets experienced continued growth (+6.6%) in the last four weeks ending 27 January 2024, according to new data released today by NIQ. The firm said the increase is reflective of a slow down (6.1%) in food inflation, which is at its lowest rate since June…
Read More » -
1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
Read More » -
1 FebruaryDIY
Ikea UK turnover hits £2.5bn as profits double in FY23
Ikea UK has seen turnover hit £2.46bn in FY23, with total sales up by 11.9%, as operating profits almost doubled from £49.6m to £111.2m. Trade was particularly boosted by click and collect purchases, which soared by 48% over the period. In addition, there were one million new visits to IKEA…
Read More » -
Jan- 2024 -31 JanuaryFeatures
It’s not all just fun and games
The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to £3.5bn, according to the annual toy industry report by the market research company Circana. The report stated that the decline reflected the broader impacts of challenging UK economic conditions. So,…
Read More » -
22 JanuaryNews
Today’s news in brief- 22/1/24
John Lewis, as part of its turnaround strategy, has reportedly alerted employees to the possibility of smaller pay rises. The retailer is considering changes in salary policies, aiming for more flexibility and sustainability. Dame Sharon White’s management team would gain control over performance-linked pay rises, potentially leading to fewer staff…
Read More » -
22 JanuaryFeatures
Why is healthy food so expensive?
Why do you think that supermarkets do so many promotions on healthy foods? Well, it’s profitable, it drives volume and it drives profits. Ultimately, that is why we need policy intervention that actually restricts that because it’s [retail] a highly competitive sector and unless there are those restrictions and regulations…
Read More » -
22 JanuarySupermarkets
Tesco IT glitch leads to cancelled deliveries
Tesco customers were left without deliveries on Sunday morning following a technical fault with the supermarket’s IT system. According to the BBC, dozens of customers expressed their frustration on social media, calling the experience and lack of communication a “shambles”. However, Tesco said that orders were up and running by…
Read More » -
15 JanuaryNews
Today’s news in brief-15/1/24
Shein, the fast-fashion brand, is reportedly facing delays in its plan to go public on the US stock exchange due to the need for approval from a Chinese regulator. The approval process is expected to be lengthy, and Shein is also expected to face stricter scrutiny from US regulators. The…
Read More » -
15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
Read More » -
15 JanuaryNews
Morrisons owner appoints ex-Tesco CEO Dave Lewis as operating advisor
Morrisons owner Clayton, Dubilier and Rice (CD&R) has today (15 January) announced the appointment of Sir Dave Lewis as an operating advisor to CD&R funds. Lewis will draw on his more than 30 years of leadership experience within the global consumer goods and retail sectors to support the firm in…
Read More »
