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- 2019 -13 DecemberSupermarkets
Sainsbury’s mulls offers for £1.9bn mortgage book
Big Four grocer Sainsbury’s is reportedly fielding bids for a takeover of its £1.9bn mortgage book, as part of an overhaul of Sainsbury’s Bank. According to a report by Sky News, the retailer has already received a number of offers, including bids from Lloyds Banking Group. Bankers at BNP Paribas…
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9 DecemberSupermarkets
Tesco considers sale of its Asian arm
Tesco is considering the sale of its Malaysian and Thai businesses, the supermarket giant has confirmed. The two businesses have an estimated worth of £6.8bn between them. Tesco released a statement saying that this consideration follows “inbound interest” of the businesses, yet potential buyers are yet to be named. The…
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4 DecemberSupermarkets
Morrisons appoints two new senior members
Morrisons has appointed two senior executives , naming a new chief financial officer and new chief operating officer. The ‘Big Four’ supermarket has appointed Trevor Strain, current group chief finance and commercial officer, has been promoted to chief operating officer and Michael Gleeson has been appointed as chief financial officer.…
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Nov- 2019 -25 NovemberHigh Street
M&S appoints CEO of Tesco’s F&F clothing as new managing director
Marks and Spencer has appointed current CEO of F&F Clothing, Tesco, Richard Price as managing director of clothing and home. Price will join Marks and Spencer next year, with his start date to be confirmed in “due course.” The announcement comes after M&S announced a 17% drop in profits to…
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18 NovemberComment
Mothercare: what was its formula for failure?
Last week it was announced that Mothercare, a constant of the British high street for over 50 years, had become the latest retail casualty — with all of its 79 stores set to close. But what went wrong for the maternity and baby brand? Mothercare is one of many brands…
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15 NovemberHigh Street
Co-op announces David McKnight as new director
The Co-operative has confirmed the appointment of David McKnight as new managing director of the Federal Retail and Trading Services. The FRTS acts as the buying group for independent Co-ops, and is owned by the Co-op group and independent retail Co-op societies. It serves over 4,000 outlets in the group.…
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7 NovemberComment
Sustainability Consumerism: How retailers are on the front line
We live in febrile times, and for once we are not talking about Brexit. Within the last year we have seen a global backlash against disposable plastics and mounting concern over climate change. Anxiety about deforestation, and especially the uncontrolled spread of industrial scale farming and ranching, also made the…
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Oct- 2019 -18 OctoberSupermarkets
Walmart offloads Asda pensions amid IPO plans
Asda owner Walmart has reportedly struck a deal to offload £3.8bn worth of pension liabilities as it eyes a potential IPO. According to Sky News, Walmart and Asda’s pension trustees have agreed a deal with specialist insurer of corporate retirement schemes Rothesay Life. The move will see the company take…
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17 OctoberPeople Moves
M&S CFO Humphrey Singer to depart on 31 December
Marks and Spencer has announced that Humphrey Singer will step down from his role as CFO on 31 December. The departure was announced last month after Jill McDonald, managing director of clothing, home and beauty, also departed from the company after less than 2 years. Singer began his retail career…
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15 OctoberEconomy
Grocery sales slow to lowest September growth in two years
Shopping momentum has fallen in September, with grocery sales slowing to +1.7% in the last four weeks. According to new data released by market research data company, Nielsen, this is the lowest growth for UK supermarkets in September in two years. Before the autumnal weather took hold in early October,…
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