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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Nov- 2023 -8 NovemberHigh Street
Poundland expands clothing offering across UK&I
Poundland owner Pepco Group has completed the transition to new clothing ranges at the discount retailer, bringing its family fashion offer to 560 stores across the UK and Ireland, including all 56 former Wilko locations that have now reopened. The transition, which took place over the last eight weeks, meant…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberSupermarkets
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
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3 NovemberNews
Lidl is cheapest supermarket, Which? finds
Lidl GB has become the cheapest supermarket after coming top in a basket comparison conducted in October by Which?. The monthly analysis involves comparing the average prices of a shop consisting of popular groceries at eight of the UK’s biggest supermarkets. A basket of shopping at Lidl was over £10…
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Oct- 2023 -27 OctoberNews
Today’s news in brief-27/10/23
Tesco has appointed Matthew Barnes as the new UK CEO, effective March 2024, succeeding Jason Tarry, who will step down after 33 years with the company. Barnes, with extensive experience at Aldi, previously served as UK&I CEO and co-head of Aldi Sud’s executive board. Under Tarry’s leadership, Tesco underwent a…
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27 OctoberSupermarkets
Tesco names Matthew Barnes as new UK CEO
Tesco has announced the appointment of Matthew Barnes as its new UK CEO effective from March 2024, following news that current CEO Jason Tarry will be stepping down after 33 years at the retailer. Barnes is a highly accomplished retailer, having worked in many senior positions in Aldi. He was…
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20 OctoberNews
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
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20 OctoberDepartment Stores
John Lewis appoints new head of brand and store experience
The John Lewis Partnership has announced the appointment of Paul Jones as its new head of brand and store experience. Jones joins the Partnership after 12 years with Tesco where most recently he was head of brand, store design. Starting on 8 January 2024, his role will be “integral” to…
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17 OctoberSupermarkets
Grocery sales stabilise helped by supermarket loyalty scheme discounts
Total Till sales at UK supermarkets experienced sustained growth (+9.1%) in the last four weeks ending 7 October 2023, according to new data released today by NIQ. This growth, although slightly down from +10.1% growth in the previous month, is in line with retail food inflation (+9.9%). Volume sales also…
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16 OctoberNews
Today’s news in brief-16/10/23
Next has finalised the acquisition of FatFace for £115.2m, with a portion of the payment made in cash and the remainder in Next’s shares. Following the transaction, Next will hold 97% of the equity, while FatFace’s management will retain 3%. FatFace will continue to operate autonomously with its own board…
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