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- 2021 -11 AugustSupermarkets
Morrisons to close on Boxing Day for the first time ever
Bosses at Morrisons have told staff they can have Boxing Day off this year as a thank you for their hard work during the Covid-19 pandemic. The supermarket made the announcement to its 111,000 workers today. The news comes just weeks before the conclusion of a takeover battle that will…
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11 AugustOnline & Digital
John Lewis acquires new distribution centre to bolster online growth
The John Lewis Partnership has signed an agreement with Tesco to lease a one million sq ft distribution centre in Milton Keynes as the group continues to focus on its online growth. The move comes as online sales have grown from 40% to over 60% of its total sales during…
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2 AugustSupermarkets
CD&R set to launch rival Morrisons bid
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain Morrisons, following a £6.3bn offer from American rival Fortress. According to The Sunday Times, CD&R is said to be lining up equity and debt financing for a counter bid offer…
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2 AugustSupermarkets
Aldi raises lorry drivers’ wages amid labour shortage
Aldi has reportedly increased the wages for its lorry drivers in a bid to tackle labour shortages within the industry and avoid bare shelves, according to The Sunday Times. The supermarket is said to have “pushed through” a pay rise for its drivers to maintain its stance as one of…
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Jul- 2021 -28 JulySupermarkets
Tesco accelerates sustainability plans with windfarm launch
Tesco has revealed that its newly backed windfarm is now live and generating much needed renewable energy, falling in line with the group’s sustainability plans. In partnership with ScottishPower, the 30MW 15-turbine Halsary windfarm in Caithness, Scotland, will provide enough clean energy to power the equivalent of almost 20,000 homes…
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19 JulySupermarkets
Tesco launches new charity scheme with FareShare
Tesco has launched a new UK-wide scheme, which will allow customers to provide free meals to children in need. The store’s ‘Buy One to to Help a Child’ initiative will see the group make a donation to FareShare, a charity network aimed at relieving food poverty in the UK, every…
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15 JulyPeople Moves
Burberry non-exec director Dame Carolyn McCall resigns
Burberry has announced that Dame Carolyn McCall is set to retire as a non-executive director at the company. McCall will step down from her role on the board following the close of the financial year on 2 April 2022. Currently the chief executive at ITV, McCall, has also served a…
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7 JulySupermarkets
Tesco partners with Prince’s Trust to ‘jump start’ 45,000 young careers
Tesco has committed to helping over 45,000 young people “jump start” their career and build employability skills in partnership with The Prince’s Trust. The news follows a recent report from think tank The Social Market Foundation, which found that half of the 1,000 respondents of young people aged 16-25 said…
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Jun- 2021 -29 JuneSupermarkets
Tesco donates £250k to LGBTQ+ charities
Tesco has said it will donate almost £250,000 to LGBTQ+ charities to celebrate Pride and support the LGBTQ+ community. Tesco will make donations of £80,000 to three different LGBTQ+ charities, including The Albert Kennedy Trust (akt) which helps young LGBTQ+ people who are homeless or living in hostile conditions. The organisation,…
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18 JuneSupermarkets
Tesco sees sales slow in Q1
Tesco has revealed that group retail sales for the 13 weeks ended 29 May 2021 increased 1% on a like-for-like basis compared with 2019, which saw a 9.3% increase, despite the supermarket being open during the lockdown periods. Across the board, UK sales grew by only 0.5% to £10bn, accounting…
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