Tesco news

09 July 2020
In an interview in The Grocer, Chief Product Officer, Andrew Yaxley has set out the thinking behind Tesco's new drive for 'clear and consistent pricing' on its most popular lines. Responding to changing customer demand The Tesco viewpoint is that with the country entering an unprecedented recession, the retailer has a duty and responsibility to be on the side of customers, and that means li...
30 June 2020
In the 12 weeks to 14th June 2020 take-home grocery sales in the Republic of Ireland grew 24.7%, according to Kantar. We explore the growth in more detail and look at key retailers' performance. Convenience and online drive growth The 12 weeks up to 14th June encompass the entire lockdown period. The additional spend equates to €628.7m (£573.7m). Similarly to the UK, shopping patterns in...
26 June 2020
Tesco has reported a huge increase in sales for the 13 weeks ending 30th May 2020 as it responded impressively to the unprecedented challenges of the COVID-19 pandemic. Key figures Group sales: +8.0% (+7.9% LFL) UK sales: +9.1% (+8.7% LFL) inc. online +48.5% ROI sales: +19.7% (+20.5% LFL) inc. online +50.9% Booker: +6.1% (+0.6% LFL) inc. online +106.3% Central Europe exc. Pol...
23 June 2020
In the 12-weeks prior to 14th June take home grocery sales grew 13.7% year-on-year, according to the latest figures from Kantar. This is a slight slow down from the previous 12-week period where sales growth was 14.3%. We explore the growth in more detail and look at key retailers' performance. Shopping patterns remain severely disrupted This 12-week period captures the full lockdown period...
19 June 2020
Father’s Day celebration during lockdown this year will look very different for a lot of families. Social distancing will require people to celebrate from a-far and social media and video calling apps will be popular to help connect families. Due to safety measures many activities are not possible, and retailers have come up with creative and exciting ways to make Father’s Day 2020 special. In th...
18 June 2020
Tesco announced the sale of 301 of its stores in Poland to Salling Group’s discount banner Netto. This includes the sales of two distribution centres, and it headquarters in Krakow, all valued at PLN900m (€181m). The transaction needs to be approved by the Polish Office of Competition and Consumer Protection, which will be finalised by Q4 2020. Tesco Poland sale is not unexpected news Tesco...
09 June 2020
Tesco Malaysia will open two stores this month, expanding its network to 62 stores nationwide. The two stores are Tesco Teluk Intan which will open on 10 th June, followed by Tesco Mines on 17 th June. Continued growth to serve the communities Paul Ritchie, CEO of Tesco Malaysia, said, “ the launch of our two new stores symbolises not only growth for the Tesco brand, but also the prospect...
02 June 2020
Tesco has announced that Alan Stewart is to retire as its Chief Financial Officer and will leave the company on 30 April 2021. Tesco's board will now conduct a thorough search internally and externally to identify a successor to work alongside Ken Murphy, who will take up the role on 1 October 2020. Key figure in Tesco's turnaround Alan Stewart joined Tesco in September 2014 at the same tim...
29 May 2020
Retailers across Ireland are introducing queue management systems to control the number of shoppers in store, to make social distancing easier for shoppers and staff. Tesco Source: Tesco Ireland Twitter Tesco's new queuing technology counts how many shoppers enter and leave the store, calculating when it is safe for the next person in the queue to en...
27 May 2020
The 12-week period to 17th May saw grocery sales rise 14.3%, the fastest rate since comparable records began in 1994, according to the latest figures from Kantar. We look at the results in more detail and performance from key retailers. Shoppers conducted fewer, larger shops The 12 weeks to 17th May included the pre-lockdown rush to the shops in March and eight weeks of stay-at-home advice....