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- 2023 -18 AprilSupermarkets
Food and drink inflation in supermarkets surges 17.2% in March
Overall food and drink inflation in supermarkets rose 17.2% in March, up from 16.5% last month, according to data from Which?. The price of porridge oats increased 35.5% across Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose compared with last year. Alongside this the price of cheddar cheese rose…
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13 AprilSupermarkets
Tesco profits halve as inflation hits business
Tesco has seen its full-year profits plunge by 50.8% to £1bn, down from £2.03bn the prior year, as inflation took its toll on the supermarket’s business throughout the year. Despite the cost-of-living crisis, revenues rose by 7.2% to £66m and retail like-for-like sales rose by 5.1%, yet the group was…
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11 AprilSupermarkets
Tesco eyes supplier price cuts in bid to lead supermarket deflation
Tesco is reportedly set to push suppliers for price cuts as it looks to pass on lower prices to consumers and drive down food price inflation, according to The Sunday Times. The outlet cited Ged Futter, director at The Retail Mind, who claimed Tesco is trying to “lead the supermarket…
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Mar- 2023 -28 MarchSupermarkets
Supermarket sales up 8.6% as grocery inflation hits 17.5%
Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to the latest figures from Kantar, grocery price inflation reached 17.5%, adding £837 to the average household’s annual bill, with prices rising fastest in eggs, milk and cheese. Across the retailers,…
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27 MarchFeatures
It’s always someone’s birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
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27 MarchSupermarkets
Tesco surpasses Whoosh rollout target by 25%
Tesco has surpassed its own target for the rollout of its rapid delivery service Whoosh, which is now available from 1,000 of its express stores. The company had set a target to offer Whoosh from 800 stores by the end of February 2023, but has exceeded that target by 200…
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23 MarchPeople Moves
Ebay appoints new UK general manager
Ebay has promoted UK chief marketing officer Eve Williams to the role of vice president, general manager of its UK business. Williams replaces Murray Lambell who held the role since 2020 and has now been promoted to global general manager of the home, garden and refurbished categories based at Ebay’s…
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13 MarchSupermarkets
Tesco criticised by suppliers over online fulfilment fees
Tesco has received criticism from its suppliers and farmers after they were informed of new fulfilment fees, which are to be imposed by the retailer on produce sold online, The Times has reported. This comes as the supermarket chain wrote to suppliers last week informing them that it would introduce…
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10 MarchSupermarkets
Tesco sounds out John Allan replacements
Tesco has reportedly begun sounding out potential replacements for its long-time chairman John Allan, according to Sky News. City sources told Sky that a number of big boardroom figures had been approached by headhunters working for Tesco in recent weeks. Allan will step down next year, by which time he…
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8 MarchComment
Data is the perfect conversation starter for retailers – check out Tesco for proof
Improving online and in-store integration is a priority for many omnichannel retailers in 2023. Tesco, for instance, has seen huge success by making its Tesco Pay + app integral to improving the customer in-store experience. The app allows customers to pay with their phones and collect Clubcard points, and has…
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