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 -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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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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