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- 2021 -18 JanuaryPeople Moves
Former Carillion boss to leave Tesco role
Alison Horner, the chief executive of Tesco’s Asia business and a former director at the collapsed construction company Carillion, is reportedly set to step down next month. According to The Sunday Times, Horner is set to step down after 22 years with the business where he led its Asian arm…
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14 JanuarySupermarkets
Tesco reports record breaking Christmas
Tesco has reported the results of its “record Christmas”, however warned that it still expects to take a £810m hit due to Covid-19 related expenses. For the 19 weeks to January the chain witnessed a like for like growth of 6.7%, accelerating to 8.1% at Christmas, with the store crediting…
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Dec- 2020 -23 DecemberNews
Tesco limits sale of essential items
Tesco has limited the number of sales customers can make on essential goods such as toilet roll, flour, dried pasta, baby wipes and anti-bacterial wipes, with customers now only able to purchase three of each item. It is thought that the big four supermarket made the decision as part of…
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16 DecemberClothing & Shoes
Ocado has largest pay gap between CEO and staff, report finds
Online grocer Ocado reportedly has the highest pay gap between workers on the shop floor and those in senior level positions, according to a new report by the High Pay Centre. The report found that Ocado’s CEO Tim Stenier was paid £58.7m last year, while his employees made an average…
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14 DecemberNews
Tesco appoints Karen Whitworth to board
Tesco has announced that Karen Whitworth will be joining its board as a non-executive director. The appointment will take effect from 18 June 2021, with Whitworth also being appointed as a member of the audit committee and corporate responsibility committee. Whitworth is currently a non-executive director of Pets at Home,…
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11 DecemberClothing & Shoes
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
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10 DecemberNews
Tesco warns of Brexit impact on food and prices
Tesco has warned that shoppers could face temporary shortages on fresh produce and higher prices if the UK fails to negotiate a Brexit deal with the EU, according to The Guardian. John Allan, chairman of Tesco, told Bloomberg TV that a no-deal Brexit would “trigger tariffs” and would lead to…
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9 DecemberSupermarkets
CMA launches inquiry into Issa Bros’ Asda takeover
The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda. It said that on 8 December 2020 the CMA has launched its phase 1 investigation after the European Commission’s decision to refer the case to the United Kingdom, following a request…
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9 DecemberSupermarkets
UK sees grocery boom as shoppers hit stores early
Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August, according to the latest grocery market share figures from Kantar. It comes as consumers have reportedly started their Christmas shopping early this year in preparation for the festive season. In…
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9 DecemberSupermarkets
Tesco confirms sale of its Asian businesses
Tesco has confirmed the sale of its businesses in Thailand and Malaysia, following a review of the transaction. Back in March, the supermarket chain had agreed to sell its Asian businesses to C.P. Retail Development Company Limited (CPRD). CP Group has now reviewed the move and is satisfied with the…
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