Tesco

Grocery Price inflation hits record 16.7%

Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest…

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Tesco in talks to acquire paperchase out of administration

Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration.  According to Sky News, Tesco is in advanced…

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Tesco to shake-up management and close counters, 2,100 jobs at risk

Tesco has announced a shake-up of its management structure alongside plans to shutter its remaining hot counters and delis, in…

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Strong Christmas boosts Tesco’s Q3 sales to £19.7bn

Tesco has announced revenues of £19.7bn, a 6.1% increase, in the UK and ROI for the 19 weeks ended 7…

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Could budget supermarkets dominate ‘the big four’?

The big four – Tesco, Sainsbury’s, Asda and Morrisons – were once the undisputed favourites for supermarket shopping. However, when…

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Supermarkets see spending surge in final weeks of December

Total Till value growth at supermarkets increased to 10.9% from 7.6% in the final four weeks ending 31 December 2022,…

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Tesco to open three more GetGo stores with new hybrid format

Tesco has announced a further expansion of its GetGo stores trial, with the first of three already open at Chiswell…

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Tesco to consider ending its fresh food counters

Tesco is reportedly considering ending its butcher and fishmonger counters in its stores as consumer interest in them has dropped,…

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Ikea UK profits fall by nearly a fifth despite £2.2bn in sales

Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for…

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Sainsbury’s to invest £550m in keeping prices low

Sainsbury’s is set to invest £550m over two years to keep its prices low and be “more competitive”, CEO Simon…

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