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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Sep- 2020 -7 SeptemberSupermarkets
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around £6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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Aug- 2020 -24 AugustSupermarkets
Tesco creates 16,000 new permanent roles
Tesco has unveiled plans to create 16,000 new permanent roles to support the growth of its online business. These 16,000 jobs are in addition to the 4,000 permanent jobs already created since the start of the Covid-19 pandemic. The roles will include 10,000 pickers to assemble customer orders and 3,000…
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21 AugustHigh Street
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda
Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According to Sky News, the former Asda and Debenhams chief executives are being lined up to front bids from Apollo Global Management and Lone Star Funds respectively. It comes after Walmart,…
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18 AugustSupermarkets
Grocery growth slows as market eases out of lockdown
The latest grocery market share figures from Kantar show take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020. Kantar said the figures show the market is beginning to move away from the “heady heights” of the lockdown period, with a grocery…
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Jul- 2020 -10 JulyPeople Moves
Alex Russo appointed B&M CFO
Discount retailer B&M has appointed Alex Russo as CFO and executive director, with effect from 16 November 2020. Further to the announcement made on 3 March 2020, Russo will join the company as the CFO designate on 5 October 2020. He succeeds Paul McDonald, who will retire from the board…
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6 JulySupermarkets
Tesco demands large supplier discounts as it preps for ‘price war’
Big Four Grocer Tesco has reportedly demanded discounts of up to 50% from suppliers as it prepares for a price war with Aldi and Lidl. According to the Sunday Times, Tesco has given suppliers up until Friday 10 June to accept the terms which will likely be funded by abandoning…
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Jun- 2020 -26 JuneNews
Tesco sales soar as online business booms
Tesco saw sales surge in the first quarter of trading, with like-for-like sales up 8.2% despite the pandemic and nationwide lockdown. In the quarter ended 30 May, total sales were up by 9.2%, while online sales soared by 48.5% as more shoppers shifted online. The group doubled its online capacity…
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18 JuneNews
Tesco offloads Polish arm
Tesco has confirmed the offload of its Polish business through its sale to Salling Group A/S. The transaction includes the sale of 301 stores, as well as its associated distribution centres and head office. The deal had a total value of zł900m (£181m), with total net proceeds expected to be zł819m…
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16 JuneOnline & Digital
Covid-19 to add £5.3bn to UK e-commerce in 2020
The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this year, to reach a total of £78.9bn. This is according to analysts at Edge Retail Insight, the global trend forecasting arm of retail insights firm Edge by Ascential, which have…
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8 JuneSupermarkets
FRC closes five-year investigation into Tesco
The Financial Reporting Council (FRC) has announced the closure of a five-year investigation into the accountants working within ‘Big Four’ grocer Tesco. The investigation itself related to the £250m overstatement of profits it reported in 2014, and the UK watchdog said the matter has now been closed “without service of…
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