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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Jun- 2020 -2 JunePeople Moves
Tesco CFO Alan Stewart announces plans to step down
Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30 April 2021. The company board is now conducting both an internal and external search to identify a successor. Stewart joined the grocer in 2014, as a member of the board…
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May- 2020 -28 MayComment
The time for retail to be re-imagined
2020 has seen retailers experience some of their most challenging times, an unprecedented fall or rise in demand during a global pandemic never before seen on this scale. As retailers grappled with their immediate response to Covid-19, it’s undoubtedly a once in a generation test of business continuity. As retailers…
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14 MaySupermarkets
Tesco Boss Dave Lewis handed £6.42m pay package
Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses. Lewis, who is set to leave the big four grocer in September, has seen his pay increase by more than a third due to an increase in both annual and share price bonuses to…
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Apr- 2020 -28 AprilCoronavirus
Tesco begins laying off some of its 45,000 temporary workers
Supermarket giant Tesco has reportedly begun laying off some of the 45,000 temporary workers it hired to help meet the surge in demand during the beginning of the coronavirus outbreak. According to the Telegraph, some of the job cuts have come earlier than expected with temporary staff in one store…
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9 AprilSupermarkets
Tesco defends £635m dividend payout
‘Big Four’ grocer Tesco has defended its £635m dividend payout to shareholders, despite it receiving a £585m tax break. Last night (8 April), the company’s board approved a final dividend of 6.50p, bringing the full-year dividend to 9.15p. According to the Guardian, Tesco chairman John Allan said paying its shareholders…
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8 AprilCoronavirus
Tesco: Sales rise 30%, but virus could cost nearly £1bn
Tesco has revealed that its sales rose 30% in the first few weeks of the coronavirus crisis, in light of increased stockpiling and panic buying across the country. The surge in sales has now stabilised, however, and the group has reported that normal sales volumes are now being experienced. In…
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7 AprilSupermarkets
Tesco to launch NHS Nightingale pop-up stores
‘Big 4’ grocer Tesco has announced plans to open pop-up convenience stores at NHS Nightingale sites across the UK, amid the coronavirus pandemic. The NEC in Birmingham has been selected as Tesco’s first NHS Nightingale Hospital pop-up store, which is due to open later this week. Discussions are also in…
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2 AprilSupermarkets
Covid-19: Tesco to provide £30m package to support local communities
Tesco has announced plans to provide a £30m package of support for local communities tackling Covid-19, including a £25m food donations programme. The ‘Big Four’ grocer is currently donating £3m of food every month through its Community Food Connection scheme and distribution centres. In addition to that, over the next…
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Mar- 2020 -27 MarchCoronavirus
Tesco sets 80 item limit for online orders
Tesco has announced that from today (27 March) it will be limiting the number of items customers can put in online shopping baskets to 80. The move will enable the supermarket giant to “reach more customers, with more deliveries” as the coronavirus crisis continues to unfold. The group said that…
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25 MarchSport & Leisure
Government urges Sports Direct and JD Wetherspoon to support employees
Boris Johnson has warned Sports Direct CEO Mike Ashley to “expect consequences” if he does not follow the recent guidelines amid the coronavirus outbreak. Newcastle Central MP Chi Onwurah raised the question during today’s Prime Minister’s Questions after reports that Ashley was still asking employees to still come to work…
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