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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Jul- 2022 -4 JulySupermarkets
Supermarket Income acquires four supermarkets in £82.9 deal
Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total purchase price of £82.9m. The company has purchased a Tesco superstore, Marks and Spencer Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7…
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Jun- 2022 -30 JuneSupermarkets
Tesco to stop stocking Heinz over price row
Heinz has stopped supplying Tesco after a row between the two companies about price increases on baked beans, tomato ketchup and other products. Tesco’s website shows that products including Beanz 4x415g, Sticky Barbecue Sauce 500g, Salad Cream 605g, Baked Beans & Pork Sausages 200g, Beanz No Added Sugar 4x415g Snap…
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27 JuneGovernment
Asda joins retailers in rejecting online sales tax
Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are already affected with rising inflation, according to The Daily Express. The supermarket chain was one of a number of retail groups to meet with Lucy Frazer, the financial secretary to…
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20 JunePeople Moves
Alex Freudmann has been made managing director of M&S Food
Marks and Spencer has appointed Alex Freudmann as managing director of food, in a planned succession to Stuart Machin, the current M&S chief executive. Freudmann is currently managing director of Dan Murphy’s, Australia’s beer, wine and spirits retailer. It said he has an “extensive” track record of leading change in…
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20 JuneEconomy
Deliveroo appoints new chief financial officer
Deliveroo has announced that it has appointed Scilla Grimble as its new chief financial officer. Grimble, who is currently chief financial officer at MoneySupermarket.com Group plc, is expected to commence her appointment by no later than June 2023. She was previously interim chief financial officer at Marks and Spencer where…
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17 JunePeople Moves
TDR snaps up eBay’s head of Europe
Asda owner TDR Capital has reportedly snapped up eBays head of Europe to become a partner at the firm from this Autumn. According to Retail Week, Rob Hatrell is set to take up the position at the Big Four grocer owner following three years of leading the online retail marketplace’s…
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17 JuneNews
Tesco sales fall amid changing customer behaviour
Tesco has revealed its UK sales dropped 1.5% for the 13 weeks ended 28 May 2022 (Q1) following changing customer behaviour due to the inflationary environment, although Tesco is still maintaining its profit guidance for the year. Overall, group retail sales rose 2% year-on-year to £13.57bn, with Tesco’s cash-and-carry business,…
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16 JuneSupermarkets
M&S appoints non-executive director
Marks and Spencer Group has announced today (16 June) that Ronan Dunne will join the board as a non-executive director effective from 1 August 2022. Dunne is the former CEO of Verizon Consumer Group, and was previously chief financial officer of Telefónica UK (O2) before becoming CEO. He is currently…
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14 JuneSupermarkets
Lidl to take Tesco to court over logo battle
Supermarket rivals Lidl and Tesco are set to face off in court after the German budget retailer claimed the ‘Big Four’ grocer is using the background of its trademarked logo to promote its Clubcard discounts. Lidl has said its background, a blue square containing a yellow circle with a thin…
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8 JuneSupermarkets
Tesco accused of greenwashing in banned adverts for vegan burger
Tesco’s ‘Plant Chef’ vegan burger adverts have been banned by the Advertising Standards Authority (ASA) after determining that it could be deemed as ‘misleading’. The ASA said the claim that the ‘Plant Chef’ burger was better for the environment could only be justified “if the advertised product provided a total…
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