Tesco news

15 October 2020
Tesco has launched a trial partnership with online electricals specialist AO to open its first physical stores at Tesco stores. Five stores to open The first AO concession, will open at Tesco Extra Middleton, later this month and four others will follow. Shoppers will be able to browse and purchase from all AO's product range, excluding mobile phones.  This includes larger electricals such ...
14 October 2020
In the 12 weeks ending 4th October market growth was +9.4%, according to Kantar, the first time we have seen it drop from double digits since April. In this article we explore the growth in more detail, leading retailers' performance, and highlight key pieces of content you may have missed in September and October. Changing restrictions once again impact behaviour Despite the overall drop f...
13 October 2020
Tesco Malaysia has enabled e-wallet payments across all food courts. It is operating 56 food courts out of 62 stores nationwaide. COVID-19 accelerated adoption of ecommerce in Malaysia Tesco Malaysia cited a Mastercard Impact Studies published in June this year showing that Malaysia's e-wallet penetration of 40 per cent is highest in Southeast Asia. E-wallet is also the preferred payment op...
12 October 2020
Following developments in France, Italy, Netherlands and Germany, we round up developments from buying alliance across the region. Carrefour and Tesco reduce scope of joint private label buying According to reports in France-based trade publication LSA, following on from a similar step from the Horizon purchasing group, Carrefour and Tesco have committed to limiting the scope of their joint...
07 October 2020
Tesco has revealed strong H1 sales growth and pre-tax profits as it responded to dramatic shifts in customer demand caused by the Covid-19 crisis. At the same time it has also continued to make strategic progress as the business moves beyond its turnaround phase. Headline results Group sales: +6.8% to £26.7bn (+6.6% at constant exchange rates) UK & Ireland LFL sales +7.2%, (Q1 +8.2%, ...
30 September 2020
Summary of the latest responses as the UK faces a second wave of the virus. Re-introducing product rationing Tesco and Morrisons have re-introduced three item limits on high demand products to ensure shoppers can continue to buy what they need. Products include toilet paper, cleaning products and dried pasta. Supporting locked-down students As part of its expanding range of food box...
30 September 2020
Tesco has committed to a 300% increase in its sales of meat alternatives by 2025, based on its 2018 baseline figures. We look at the measures it will take to ensure it reaches this target, and its other sustainability commitments in more detail. Four key areas of focus Tesco will be focusing on four key areas to ensure it hits the target; Availability: introduce and grow plant-based m...
22 September 2020
With shopping habits starting to return to normal market growth once again slowed in this period, with sales of +13.7% for the 12 weeks to 6th September, according to Kantar. This compares to the 18% growth seen in the previous reporting period. The picture however starts to change when looking at the past four weeks, where local lockdowns have had an impact, causing additional spend. We look ...
17 September 2020
Following a successful trial, Tesco has teamed up with social enterprise and food sharing app OLIO to help reduce food waste in stores and feed more people in crisis. The new partnership builds on Tesco’s existing food surplus donations programme, including its Community Food Connection scheme with FareShare, through which 2 million meals per month are donated to food charities across the UK. ...
15 September 2020
Tesco launches new Clubcard Prices campaign and extends Aldi Price Match Tesco has stepped up actions to appeal to price sensitive shoppers with a new Clubcard Prices campaign and the extension of Aldi Price Match to more products. Up to 50% off selected brands through Clubcard Prices From today, exclusive 'Clubcard Prices' will be automatically offered to customers with Clubcard account...