Tesco news

21 June 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 12 June 2022 total till roll consumer spend in Great Britain fell by 1.9% versus 2021. While the market contracted over the 12-week period it was its best performance since October 2021 and the data showed it grew by 0.4% over the latest four-week timeframe. Inflation begins to...
17 June 2022
As concern mounts about the economic outlook and the severity of the rising cost of living, Tesco has highlighted a shift in its product mix towards value options. In the 13 weeks to May 28 group like-for-like sales grew by 2.0%, with performance varying significantly across the different elements of the business. UK: sales mix shifts to value options In the core UK business, LFL sales f...
13 June 2022
Following last week’s IGD Tesco Trade briefing, during which Tesco highlighted the importance of enhanced collaboration to drive efficiency and mitigate the cost-of-living crisis, it has come to light that Tesco is trialing increased levels of palletisation in at least one of its stores to assess how this might impact instore productivity.   The merchandising of products on pallets is, of cour...
09 June 2022
In newly released five-year market forecasts, IGD predicts the grocery market will grow by 11.3% over the next five years from £216.8bn to £241.3bn. While inflation will underpin the majority of growth in 2022, with a 3.5% value increase predicted, this will moderate from 2023 onwards. With the war in Ukraine impacting the UK supply chain and food prices expected to increase by 8.9% in 2022, I...
09 June 2022
We round up three developments in the market as Tesco receives clearance for its purchase of Joyce’s Supermarkets and SPAR South Africa announces its first half results, discussing BWG’s performance. Tesco receives clearance for Joyce’s acquisition After announcing its intention to purchase Joyce’s Supermarkets in November 2021, Tesco Ireland has received clearance from the country’s Co...
24 May 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 15 May 2022 total till roll consumer spend in Great Britain fell by 4.4% versus 2021. This was the second month in a row when sales fell underlining how the opening of the industry as the pandemic’s effects lessen has also been impacted by rising inflation. The fall came despit...
23 May 2022
Despite the government announcing revised dates for some HFSS restrictions , Tesco and Sainsbury’s have committed to implementing the ban on volume-led promotions from October. Tesco’s decision sees it following the shopper… Announcing its decision Tesco said it had made the decision after its research showed ‘ 86% of customers [said] they want to eat more healthily, and 77% want help fr...
19 May 2022
Tesco and WWF are to launch an accelerator programme that aims to fast-track sustainability innovation in the supply chain and ultimately cut the environmental impact of food and support UK food security. Innovation Connections aim to help scale improvements Through the programme Tesco and WWF will pair applicant companies with ‘ long-term Tesco suppliers to pitch scale-up projects that app...
16 May 2022
The government has announced revised dates for some HFSS restrictions. What has changed? There have been two major changes to the timelines of implementing HFSS policies: Restrictions on volume price promotions e.g., BOGOF have been postponed by one year, until October 2023 The restrictions banning HFSS adverts on TV before 9 pm and paid-for adverts online will also be paused for...
12 May 2022
After Tesco’s chief executive, Ken Murphy, discussed the part it was aiming to play by creating better baskets for its customers and the planet, the retailer has brought the initiative to life in store. Better Baskets logo to help shoppers make better choices Under the initiative, which was discussed in March 2021, Murphy set out how Tesco was aiming to reach its net zero climate target in ...