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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May- 2018 -17 MayHigh Street
Mothercare to shut 50 shops and restore CEO Mark Newton-Jones
Mothercare has announced as part of a Company Voluntary Agreement (CVA) it will shut 50 of its 137 stores with around 800 jobs axed. As part of its restructuring plan the parenting retail chain confirmed that a further 21 stores will see a rent reduction. Former CEO Mark Newton-Jones is…
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11 MaySupermarkets
Amazon could buy Morrisons amid upbeat results
It has been suggested that Amazon could be buying Morrisons in order to challenge UK supermarkets and the Asda-Sainsbury’s merger, according to retail marketing insight firm Tcc Global. Bryan Roberts, global insight director at the company, said: “A takeover bid from Amazon is not beyond the realm of possibility, as…
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3 MayGovernment
Asda-Sainsbury’s merger: Committees pen letter fearing ‘dominance’
The Environment, Food and Rural Affairs (EFRA) and Department for Business, Energy and Industrial Strategy (BEIS) Committees have written a joint letter to the Competition and Markets Authority (CMA) regarding the proposed Asda and Sainsbury’s merger. The letter from Rachel Reeves, chair of the BEIS committee and Neil Parish, chair…
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3 MaySupermarkets
Tesco distribution workers to strike over Pay Review
Workers at Tesco’s Dagenham distribution centre are striking for 24 hours due to a dispute over the 2017 Pay Review. In a statement Tesco workers union Usdaw said it “hopes that the company will now bring forward a suitable offer so that industrial action can be averted to avoid disruption”.…
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Apr- 2018 -30 AprilSupermarkets
Sainsbury’s and Asda £13bn merger to leapfrog Tesco
Supermarket giant Asda has agreed to a proposed merger with Sainsbury’s, worth £13bn. Sainsbury’s CEO Mike Coupe said no stores will be closed and no shop floor jobs will be lost as a result of the merger. He added: “It will enable us to bring prices down, to improve quality,…
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27 AprilSupermarkets
Hearty Food Company products recalled by Tesco
Tesco has recalled the Hearty Food Company Sausage and Mash and Cottage Pie, as they contain milk not mentioned on the packaging. A ruling by the Food Standards Agency (FSA) said that the products represented a health risk to anyone with milk allergies and intolerances. Milk intolerance can cause problems…
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26 AprilSupermarkets
Plastic packaging pact signed by 42 UK firms
Some 42 UK firms including all of the big five supermarkets (Asda, Sainsbury’s,Tesco, Morrisons and Lidl) have signed a pact to dramatically reduce single use plastics by 2025. The pact aims to make 100% of plastic packaging reusable as well as making sure 70% of plastic packaging is effectively recycled.…
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13 AprilHigh Street
Hobbycraft appoints Tesco CEO as chairman
Arts and crafts retailer Hobbycraft has has appointed Tesco UK CEO Matt Davies as its new chairman. Davies is currently CEO of Tesco’s UK and Irish business, but will step down at the end of April following its merger with Booker. He succeeds Archie Norman, who is leaving after over…
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11 AprilSupermarkets
Tesco defies retail struggles amid ‘year of strong progress’
Tesco has posted a marked increase in its annual profits and called 2017 a “year of strong progress” in its preliminary result for the year. For the financial year ending 24 February Tesco recorded pre-tax profits of £1.3bn – up from £145m the previous year where its profits were dented…
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9 AprilHigh Street
Mothercare latest to consider CVA store closures
Mothercare is reportedly considering the possibility of closing a third of its stores and reducing its rents through a Company Voluntary Arrangement (CVA). According to reports Mothercare would look to close around 47 of its 143 stores if a CVA is agreed with lenders. Mothercare would join a host of…
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