Tesco news

07 February 2018
The financial prospectus was published yesterday for potential investors in the combined Tesco / Booker business. In amongst the 368 pages of financial tables, legal statements and directors’ bonuses, there are some interesting pieces of “forward guidance” for the merged group. For those of us with a supply chain perspective, the stand-out items are as follows: Widening the “click and c...
20 December 2017
The UK Competition and Markets Authority (CMA) has published its final findings on the potential competition effects of the merger between Tesco and Booker, the UK's largest grocery retailer and the UK's largest grocery wholesaler respectively. Reiterating the findings of the provisional report in November, this report gives the formal go-ahead for the deal, which will create a business with join...
15 November 2017
The UK Competition and Markets Authority (CMA) has published the provisional findings of its stage two, in-depth investigation into the proposed merger between Tesco, the UK's largest grocery retailer, and Booker, the UK's largest grocery wholesaler. In its conclusion the CMA states "We provisionally conclude that the Merger may not be expected to result in a serious lessening of competition wit...
25 October 2017
Tesco has become the first of the Big Four retailers to sign up to the National Farmers' Union's fruit and veg pledge. Joining the NFU fruit and veg pledge The NFU's fruit and veg pledge is designed to nurture long-lasting relationships between retailers and suppliers, with commitments to treat suppliers fairly, reduce food waste and buy more British fruit and veg when it's in season. Th...
25 July 2017
Tesco is the first retailer to offer same-day grocery delivery across the UK. Nationwide roll-out covering 99% of UK households Tesco has announced a nationwide roll-out of its same-day delivery service, which launched three years ago across London and the South East. It will soon become available across the UK, from the Shetland Islands to Cornwall, covering 99% of UK households. The roll-...
20 July 2017
Analyst opinion: Following the announcement of GS1’s Digital DNA programme charter, Chris considers how data management has changed, and what opportunities can be created from sharing data. Not so long ago, common supply chain tasks, like placing an order with a supplier, involved a pen, a piece of paper and a fax machine. How times have changed! Our transition into the digital age, supported ...
28 June 2017
Tesco has launched a one hour moped delivery service to customers in inner London in a move that will help it compete with Amazon Prime Now. Tesco Now Using the Tesco Now app, customers can order up to 20 items from a range of 1,000 products. The range includes everyday products, such as fresh fruit and vegetables, meat, bakery goods and dairy, as well as pet, baby, health and beauty products...
12 April 2017
Tesco has reported very encouraging progress in its newly released 2016/17 results, with strong growth in group sales and 0.9% LFL growth in the UK. Headline results Group sales: 4.3% to £49.9bn ( 1.1% at constant exchange rates). LFL sales 1.0% UK LFL sales 0.9%, the first reported full-year growth since 2009/10 with UK food LFL 1.3% Positive volume growth and five consecutive qua...
28 March 2017
Tesco has started charging for same day and certain next day collection slots, which used to be a free service. We take a look at why click and collect is important... Between £2 and £4 Tesco has introduced a charge between £2 and £4 for its same day click and collect service, which was  recently expanded into more stores across the UK . Next day collection can be free or up to £2 depending...
22 March 2017
Tesco has made two significant changes to its leadership team, with the appointment of new CEOs for both its Asian and European businesses. Tony Hoggett to become CEO of Tesco Asia Tony Hoggett, the existing chief operating officer for Tesco in the UK, has been promoted to CEO for the retailer's Asian business. Hoggett joined Tesco in 1990 and has extensive operational experience in both the ...