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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Jan- 2019 -28 JanuaryHR
Tesco refuses to deny 15,000 job losses
Tesco has refused to deny reports that it is to cut 15,000 jobs as part of an overhaul of its store operations in a £1.5bn cost cutting plan. A spokesperson refused to deny the reports, telling Retail Sector it was “always looking at ways to run our business more simply…
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23 JanuarySupermarkets
Carl Rogberg becomes third ex-Tesco executive cleared of fraud
Former Tesco executive, Carl Rogberg, has been cleared of £250m fraud and false accounting charges, which sent the supermarket into financial crisis. Rogberg, the former finance director at Tesco, was cleared at Southwark Crown Court this morning (23 January) of the charges which wiped £15bn off of Tesco’s share price…
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17 JanuaryEconomy
Smartphone shopping to reach record usage in 2019
In 2019, and for the first time ever, consumers will be as likely to shop on their smartphones as they would a laptop or desktop, according to research by price comparison and switching service, uSwitch.com. Shoppers plan to spend £25bn using their smartphones this year, a £10bn rise on 2018.…
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15 JanuaryGovernment
The Entertainer stockpiling toys for no-deal Brexit
Toy retailer, The Entertainer has announced it is stockpiling an extra 100 containers of toys in order to prepare for a no-deal Brexit. The Entertainer’s managing director Gary Grant said the stockpiling meant that the toy retailer had sent double the usual amount of stock to the UK, to ensure…
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11 JanuarySupermarkets
Tesco and M&S stockpile tinned food in prep for Brexit
Tesco and Marks and Spencer have announced they are stockpiling long-life foods in preparation of a no-deal Brexit. The ‘big four’ grocer’s chief executive Dave Lewis revealed that “sensible” contingency planning was underway and the company had been holding talks with its suppliers about increasing stocks of long-life groceries. However…
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10 JanuarySupermarkets
Tesco reports strong sales over Christmas period
Tesco has beaten City forecasts with a 2.6% increase in like-for-like sales over the six week period ending 5 January. Tesco attributed the growth to its ‘Festive 5’ vegetable offer which proved popular with customers, selling 19.7 million units over the three weeks to Christmas. It also experienced like-for-like sales…
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4 JanuaryHigh Street
McColl’s appoints Robbie Bell as CFO
Convenience retailer McColl’s has appointed Robbie Bell to its board as chief financial officer. Bell is moving on from his current position as CFO of Welcome Break Limited following its takeover by Applegreen plc, will take up his appointment on 17 January 2019. In 2017, Bell was appointed CFO of…
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Dec- 2018 -10 DecemberComment
How supermarkets are tackling the waste problem
Waste is evidentially a huge problem in the UK, which hasn’t gone unnoticed by Theresa May who pledged to eliminate plastic by 2042. Iceland is one supermarket that is already preparing to make the appropriate changes to get rid of plastic from their branded products — with an aim of…
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7 DecemberGovernment
Retailers could lose out on £496m refund as ATM ruling is appealed
In November, the Court of Appeal ruled that ATMs inside and outside of stores should not be assessed for business rates
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6 DecemberSupermarkets
Tesco executives acquitted in £250m fraud trial
Chris Bush, former UK managing director, and John Scouler, former UK food commercial director of Tesco have been acquitted of £250m fraud and false accounting charges after a judge ruled there was a lack of evidence. In August 2014, Tesco reported half-year profits of £1.1bn, however weeks later its said…
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