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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Jan- 2023 -12 JanuarySupermarkets
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 January 2023. The supermarket chain also saw a 6.1% increase in like for like sales for the period including a nearly 8% increase over Christmas. As a result of this…
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10 JanuaryAnalysis
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 the drastic cost-of-living crisis emerged in 2021, it made many households rethink their priorities when it came to buying their essentials and non-essentials. At the tail end of 2022, Aldi…
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10 JanuarySupermarkets
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, according to the latest data from NielsenIQ. Nielsen said the increase was due to accelerated food inflation, weak comparatives and strong sales in the seven-day trading week up to 24…
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Dec- 2022 -20 DecemberSupermarkets
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 Street Express. The expansion of the trial – which will include two stores in London and another in Birmingham – will allow more customers to shop and pay without scanning…
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20 DecemberSupermarkets
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, according to the Telegraph. Tesco is the only one of the big four supermarkets, Tesco, Sainsbury’s, Asda and Aldi, that still offers a fresh food counter. Some 279 Tesco stores…
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19 DecemberDepartment Stores
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 the full year ended 31 August 2022. The company’s total online sales grew to 36% compared to 19% in 2019. Consumers also returned to stores, with store visitation increasing by…
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19 DecemberSupermarkets
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 Roberts has confirmed, with £15m to be invested over the Christmas period. Speaking to the Mail on Sunday, Roberts said that the move will mean that profits will be lower…
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12 DecemberSupermarkets
Tesco begins search for independent chairman replacement
Tesco has reportedly begun proceedings to find a replacement for its independent chairman, John Allan, who will step down in 2024, according to Sky News. Under UK corporate governance rules, Allan will be ‘timed out’ in just over a year, meaning he would no longer be regarded as an independent…
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5 DecemberSupermarkets
Morrisons owner working to replace CEO
Morrisons owner Clayton Dublier and Rice (CD&R) is working to find an eventual replacement for CEO David Potts just a year after acquiring the supermarket in a £7bn deal, according to Sky News. US-based private equity firm CD&R has retained Egon Zehnder International to help strengthen Morrisons’ executive ranks. Sky…
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Nov- 2022 -23 NovemberHigh Street
Dreams provides £5m cost of living support package for staff
Bed retailer Dreams has announced that it is providing support for its staff during the cost of living crisis, starting with a £5m package as part of its “people first strategy”. The company plans to advance a pay raise that was due in April 2023 to December 2022. The pay…
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