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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Aug- 2022 -5 AugustHigh Street
Tesco and Morrisons trim 50g from ready meals
Both Tesco and Morrisons have cut 50g from the weight of its range of own-label ready meals as they attempt to cut costs, according to research by The Grocer. Tesco has swapped its 450g ready meals for new 400g packs, and its 800g ready meals for 750g ones. Examples include…
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4 AugustSupermarkets
Aldi named cheapest supermarket second month in a row
Which? has named Aldi as the cheapest UK supermarket for the second consecutive month, with savings of £12.62 compared to the average Big Four basket. Its research comes as consumers continue to look for ways to cut household costs amid the cost-of-living crisis. Which? conducted its monthly Cheapest Supermarket price…
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2 AugustPeople Moves
Former Asda exec named CEO of Poundstretcher
Poundstretcher has announced the appointment of Derek Lawlor as its new CEO, who succeeds current CEO, Aziz Tayub, with immediate effect. Following the appointment, Tayub will assume the role of chairman at the group. Lawlor brings with him a “wealth” of experience, having started his retail career with Tesco over…
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2 AugustPeople Moves
Greggs names new chair as revenues rise
Greggs has announced the appointment of Matthew Davies as an independent non-executive director and chair designate. Davies joins the board with immediate effect, and will be appointed as chair on 1 November 2022, when the current chair, Ian Durant, steps down. He is widely experienced in retail, and during his…
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1 AugustSupermarkets
Iceland boss calls for next PM to rethink business rates
Iceland has joined in the call for Tory leadership candidates to rethink “outdated” business rates as the company’s managing director, Richard Walker, reportedly urged the prime minister to promise a “root and branch” reform of the tax. His intervention, according to This is Money, follows similar calls from other UK…
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Jul- 2022 -20 JulySupermarkets
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according to the latest take-home grocery figures from Kantar. This is the first time the market has registered growth since April 2021. Supply chain issues have driven costs up across the…
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8 JulyPeople Moves
JD Sports appoints former Morrisons boss as chair
JD Sports has announced the appointment of Andy Higginson as the brand’s new chair, effective on 11 July 2022. This appointment is said to follow an extensive search process undertaken by the board with the support of an external executive search firm. Higginson is reportedly a highly experienced and proven…
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6 JulySupermarkets
Mars Petcare latest to halt supplies to Tesco amid price dispute
Mars Petcare has halted supplies to Tesco as the supermarket faces its second dispute amid rising costs, as inflation continues to impact supplier and retailer relations. Mars Petcare, which produces brands such as Whiskas, Dreamies, Pedigree and Cesar, has paused supplies to Tesco until an agreement can be reached on…
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5 JulyEconomy
Customer complaints costing UK retail more than £9bn
Customer complaints have reached an all-time high which has cost businesses more than £9.24bn a month in staff hours, according to the Institute of Customer Service. The Institute of Customer Service’s Customer Satisfaction Index (UKCSI) revealed that 17.3% of UK customers have experienced a product or service problem, the highest…
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5 JulySupermarkets
Tesco launches £150m share buyback programme
Tesco has announced it has entered into an arrangement with HSBC Bank plc to repurchase shares on behalf of the company with an aggregate value of up to £150m, as part of its existing commitment to buy back a total of £750m worth of shares by April 2023. The arrangement…
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