Tesco news

An audience of 1,200 gathered at London’s Tobacco Dock on 17 May to hear from Tesco Group chief executive, Ken Murphy, chief customer officer, Alessandra Bellini, and chief product officer, Ashwin Prasad. The leadership team shared their reflections on Tesco’s recent performance, their views on the current state of the market, and how and where success will be found in the coming years. The...

Despite only 31% of shoppers having set plans to celebrate the Coronation this weekend, food-to-go and eating out operators haven’t held back on their Coronation specials. Source: IGD ShopperVista. Coronation: are shoppers getting set to celebrate? While we have seen food-to-go customers start to cut back on missions, spend and frequency , the Coronation specials and limited...

The new fees come into effect today, requiring online shoppers to spend at least £50 to qualify for free delivery. The previous minimum spend requirement was £40. The charge for baskets that don’t meet the minimum spend threshold is also increasing from £4 to £5. Speaking to The Mirror, a Tesco spokesperson said: “To ensure we can continue to serve our online customers as effectively as...

Lidl has won a legal ruling against Tesco over the UK’s biggest retailer’s Clubcard Prices logo which uses a yellow circle against a blue background, similar to the discounter’s brand logo. In a case first launched in 2020 the High Court has ruled that this logo takes unfair advantage of the distinctive reputation for low prices held by Lidl’s trademarks. But not deliberately copied While ag...

Tesco, Sainsburys,Asda, Aldi and Lidl have taken the move over recent days to reduce the price of milk to shoppers. The retailers are reducing the price of their four-pint own brand bottles to £1.55, matching other grocers.  Tesco have detailed that they have reduced their price on milk due to the cost of buying in milk has fallen.   As well as the four-pint bottles, both Lidl and Aldi have...

Leading UK food & grocery retailer, Tesco has announced total retail sales up 5.1%, reaching £56.6bn (ex fuel) for the twelve-month period to 25 February 2023. Within its key region (UK & the Republic of Ireland) sales were up 4.7% to £52.4bn, while trading was more buoyant in Central Europe, where sales grew by 10.0% to £4.2bn. However, profitability was challenged (especially in UK & ROI) by th...

The new policy comes into place on the 2 nd of May, increasing the required minimum spend from the current minimum of £40. Fees for baskets that don’t meet the minimum spend will also increase from £4 to £5. The minimum spend for click-and-collect purchases will remain at £25. Currently, both Sainsbury’s and Asda have a £40 minimum spend for their home delivery services. Commenting on t...

The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12 weeks to 19 th March 2023 total till roll consumer spend in Great Britain increased slightly to 8.6% (compared to 8.1% for the previous period). Inflation reaches another record high Grocery price inflation over the 4-week period to March 19th stood at 17.5%, a 0.4% increase from ...

Tesco and Boots have both announced reductions to their customer loyalty reward schemes. The changes will take effect in the coming months. Tesco reduce the value of Clubcard reward vouchers From 14 June the vouchers, which can be used at over 100 Reward Partners, will see their value drop from triple the face value to double the face value. This is the second time Tesco has reduced the valu...

Tesco is set to introduce Amazon style ‘fulfilment fees’ for suppliers to its online stores. Fees to apply to both online and wholesale The fees, revealed by The Grocer, are set to be in place from as early as this week with the retailer rumoured to be charging 12p per unit for branded products and 5p per unit for own label items. The fees will apply to both online and wholesale. Separately...