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- 2022 -13 AprilSupermarkets
Tesco sees profits treble but warns of soaring inflation costs
Tesco has revealed its pre-tax profits more than doubled to more than £2bn, up from £636m last year, for the year ending February 26, but warned of “significant uncertainties” and said performance would be affected by the investment needed to keep prices down. Meanwhile, total revenues jumped by 6% from…
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8 AprilHR
Tesco colleagues to see 5.8% pay rise to £10.10
Tesco has unveiled a £200m investment which will see Customer Fulfilment Centre (CFC) colleagues benefit from a 5.8% increase in hourly rates from £9.55 to £10.10, effective from 24 July 2022. Tesco said the pay increase is the biggest single-year investment in hourly store/CFC pay in at least a decade,…
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6 AprilNews
ASA bans Lidl’s ‘misleading’ Tesco comparison ads
Two Lidl adverts showing how customers can make big savings at the supermarket compared to Tesco have been banned following a complaint from rival discounter Aldi. The two adverts in question ran in Scotland and claimed that customers can save over 35% and over 30% respectively at Lidl, compared to…
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1 AprilSupermarkets
Tesco to sell £2 lateral flow tests in stores across UK
Tesco has announced it will be selling CTDA-approved lateral flow tests in its stores nationwide from 1 April. Diagnostic healthcare company Everything Genetic has announced a deal which will see lateral flow devices stocked across thousands of Tesco’s stores and online from April 1, as the government moves to end…
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Mar- 2022 -30 MarchSupermarkets
Tesco installs EV chargers at 500 stores
Tesco has announced it has expanded its free electric vehicle (EV) charging network to 500 stores nationwide, with Inverness Extra marking the 500th store as the network boosts local infrastructure. The announcement comes as usage over the chargers has surged by 300% over the past year. Free charging sessions on…
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15 MarchOnline & Digital
Good Food Group launches new digital platform
A new ‘match-making’ platform has been launched by food consultancy The Good Food Group in a bid to partner UK retail buyers with up-and-coming brands. The digital platform is designed to help “time-poor buyers and new brands find each other in a product discovery process”. The introduction portal is an…
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Feb- 2022 -25 FebruarySupermarkets
Tesco to trial Apeel to combat food waste
A plant-based protection that “keeps fruit fresh for up to twice as long” is being trialled by Tesco. The product, called Apeel, is a plant-based protection used on fruits and vegetables which aims to slow down their rate of spoilage, keeping fruits and vegetables fresher for longer. Britain throws away…
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21 FebruarySupermarkets
Tesco removes 1.5 billion pieces of plastic packaging
Tesco has scrapped more than 1.5 billion pieces of plastic across the group following the launch of its 4Rs – Remove, Reduce, Re-use, Recycle – packaging strategy. Over the last year, it said it has identified and removed 500 million more pieces of unnecessary plastic from the business in a…
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2 FebruarySupermarkets
Tesco to stop overnight stock replenishment
Tesco has announced that 1,500 roles are at risk of redundancy across the business following changes to its overnight roles. Tesco will move its overnight stock replenishment to daytime trading hours in 36 large stores and 49 convenience stores to ensure more colleagues are available on the shop floor to…
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1 FebruarySupermarkets
Tesco axes Jack’s discount brand
Tesco has announced that it will no longer operate stores under the Jack’s brand in a bid to focus on its “core” business. Of the 13 Jack’s stores, six will be converted to Tesco superstores, with the remaining seven stores to close in the coming months. 130 roles in the…
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