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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Dec- 2020 -4 DecemberCoronavirus
Co-op members urge company to return rates relief
The Co-op Group is reportedly being urged by its members to reverse its decision not to repay the millions of pounds it has received in rates relief this year. According to Sky News, some of its National Members Council believe that due to the £150m it has generated from the…
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4 DecemberSupermarkets
Aldi plans to repay business rates relief
Aldi has announced its plans to repay the government any money it has received during the pandemic from the business rates relief. Back in March, all retail, hospitality and leisure businesses in England were given a business rates holiday for 12 months to help them get through the crisis. Supermarkets,…
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3 DecemberNews
Sainsbury’s forgoes £410m rates relief
Sainsbury’s has joined rivals Tesco and Morrisons in a pledge to repay the government’s business rates relief, bringing the total number of returned costs to over £1bn. The supermarket has revealed plans to forgo approximately £410m of its business rates relief. In a statement, Sainsbury’s said it has been considering the…
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2 DecemberNews
Tesco to repay £585m rates relief
Tesco has announced that it will repay £585m in business rates relief to the UK government and devolved administrations. The supermarket said it was “immensely grateful” for the financial and policy support provided by the government, adding that the rates relief was a “game-changer” for all retailers. It noted that…
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1 DecemberNews
Ebay welcomes new chief marketing officer
Ebay UK has announced the appointment of Eve Williams as chief marketing officer with immediate effect. In her new role, Williams will be responsible for all of Ebay UK’s marketing activity including creating “impactful brand campaigns” that show the “breadth” of the company’s marketplace. Williams joins the company from Asos,…
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Nov- 2020 -13 NovemberNews
Tesco sets plans to reach net zero emissions by 2035
Tesco has announced its partnership with Low Carbon to create three new solar farms in a new effort to reach net zero emissions by 2035. The new solar farms are situated in Essex, Anglesey and Oxfordshire and will aim to generate up to 130 giga-watt hours of energy per year,…
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Oct- 2020 -14 OctoberSupermarkets
Tesco to hire 11,000 temporary staff
Tesco is set to hire more than 11,000 temporary members of staff to assist its stores during the festive period. New recruits will be hired across the UK and work in Tesco’s Superstores and Extra stores, with the focus being on filling roles in online delivery and store replenishment. Rachel…
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12 OctoberSupermarkets
Tesco criticised amid £315m six-month dividend
Tesco chairman John Allan said he will defend “to the death” the board’s decision to pay dividend after receiving a tax break. The comments, reported by the Mail on Sunday, came as it emerged that Tesco declared a £315m six-month dividend on Wednesday following a board meeting. Tesco reported an…
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7 OctoberSupermarkets
Tesco profits soar despite coronavirus hit
Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its financial year. In the same period, group sales rose by 6.6% to £26.7bn, up from £25bn reported the year before. While clothing sales were down by 17.2%, food sales were…
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Sep- 2020 -8 SeptemberPeople Moves
Charles Wilson to step down from Tesco’s Booker in 2021
Tesco had announced that after 15 years leading the Booker business its CEO Charles Wilson is to retire in February 2021. Tesco said Wilson leaves an “incredible legacy” of building the UK’s leading wholesale business, championing customer satisfaction and driving growth. Wilson joined Tesco when the ‘Big Four’ grocer acquired…
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