Tesco news

01 June 2016
Latest data from Kantar Worldpanel showed Tesco sales falling by 1% in the 12 weeks to the 22nd May 2016. By comparison, sales fell further at Sainsbury’s (1.2%), Morrisons (2.1%) and Asda (5.1%). Focusing on availability While the data suggests sales decline at all Big Four retailers, sales fell by less at Tesco than its rivals. The Tesco figure of -1.0% compares with -1.3% for the pr...
18 May 2016
Tesco has launched two new dedicated teams to help forge closer relationships with suppliers. The new ways of working were announced by Jason Tarry, Tesco’s chief product office, at IGD’s Tesco Trade Briefing last week (Wednesday 11 May). Two new dedicated teams One of the teams, a food invoice query team, will act as a single point of contact for suppliers with any price and invoice quer...
25 April 2016
Tesco Lotus in Thailand has set out plans to open 65 stores this year, refresh existing stores and invest in its online operations. Thailand is now Tesco's largest market outside the UK The new store openings will span both small and large format stores and see the company employ an addition 3,000 people. As well as the new store openings, Tesco Lotus will refresh 18 stores and expand it...
13 April 2016
Tesco has reported highly encouraging results for 2015/16, reflecting significant progress made on all three of its transformation priorities. The retailer highlighted a number of supply chain initiatives that have helped turnaround its UK business including record level on-shelf availability, its range reset programme and new supplier partnerships. Headline results Group sales up 0...
17 February 2016
Tesco has extended a scheme that provides additional financial support to dairy farmers in Britain. Supporting British farmers In September, Tesco announced that it would provide additional financial support to the British farmers that produce milk for its own label cheddar cheese products. Prolonged bad weather and ongoing uncertainty in the dairy market has led to the extension of th...
14 January 2016
Tesco has released an impressive set of Christmas numbers with LFL growth of 1.3% and Group ahead by 2.1%. Range resets and strong availability make the difference The UK figures are a major improvement on Q3 when group LFLs dipped to -0.5%, pulled down by Tesco's decision not to repeat unprofitable nationwide couponing activity.  The improved trading result reflects progress made i...
22 December 2015
Trent, the Tesco-Tata JV in India is planning a rapid expansion into the market, according to local press reports. Aiming for 200 stores trading within four years Following a period of limited expansion since the formation of the 50:50 joint venture, the retailer now has ambitious plans to expand its network to 200 stores within the next four years. The retailer currently trades just 20 out...
01 December 2015
Tesco is to convert surplus space at one of its largest hypermarkets into an online dark store in what could become a model for a number of its biggest stores. Dudley store to become hybrid store The store in question is Dudley, opened in October 2011. Under plans submitted sales space will be reduced by more than a third, from 108,000 sq ft to 66,500 sq ft. The space released will be conve...
09 November 2015
Tesco is trialling same-day click & collect services for grocery products in the UK, according to reports. ‘Valuing convenience of click & collect’ The trial, which is taking place across 200 of Tesco’s stores, allows customers who order before 1pm to collect their orders after 4pm in-store. The service is free in the majority of stores; however, some stores will have a £4 surcharge on orde...
21 October 2015
Tesco has changed supply chain processes used at its distribution centres in Central Europe to improve distribution operations, according to reports. Time slot management To improve distribution operations, Tesco has implemented Mercareon, a SaaS platform for time slot management at retail warehouses and distribution centres in Hungary, Slovakia, Poland and the Czech Republic. The retailer ...