Join the Tesco Leadership as they share their progress on strategic priorities and plans for the year ahead.

Tesco news

31 January 2023
After the stationery and greetings card retailer Paperchase collapsed into administration, Tesco has revealed that it has acquired the brand and its intellectual property. The acquisition does not include and stores or physical assets and the stores are expected to cease trading.  Tesco managing director of home and clothing Jan Marchant said: “ Paperchase is a well-loved brand by so many, and...
31 January 2023
Tesco has revealed some proposed changes to its business to “ ensure we remain focused and competitive in a fast-changing market. We continually review the way we operate to make sure we are meeting customers’ needs and supporting colleagues in a sustainable way. This means doing more of what works and stopping or simplifying where we need to, so that we’re running our business as efficiently as ...
31 January 2023
Tesco has begun 2023 with a flurry of new sustainability initiatives in packaging and farming, as it strives to hit its environmental objectives. Private label tea bags to go plastic-free Tesco has started the move to make all its tea bags compostable via food caddies and local authority recycling. The move means all tea bags sold by Tesco will be compostable by the summer, which equates to...
12 January 2023
Tesco has published its Q3 and Christmas trading update, noting that Q3 like-for-like sales were up 5.7% and were ahead by 7.9% in the Christmas trading period. LFLs were up by 4.3% in the UK, 5.3% in Ireland, 9.3% for Booker and 12.3% in Central Europe. UK trading well Key trading highlights in the UK included: Tesco offered its “ most competitive offering to date, delivering further...
11 January 2023
January heralds a fresh start on healthier living, with one in five of us aiming to make New Year’s resolutions in 2023, according to YouGov. Improving our diets, losing weight and exercising are amongst the most common goals. Short but valuable window of opportunity This is a valuable window of opportunity for retailers and brands to encourage and support consumer behaviour changes. The ...
10 January 2023
January – typically a month that sees a wealth of initiatives from supermarkets around health and wellness – has seen some private label endeavours from most of the major UK grocers. With campaigns such as Veganuary and Dry January firmly embedded in the British supermarket calendar, the grocers are keen to climb aboard the bandwagon with own-brand launches and other merchandising initiatives. ...
07 December 2022
Tesco and dunnhumby have unveiled the next phase of their Tesco Media & Insight Platform. The partnership has launched new onsite and in-store media channels, announced new self-serve capabilities, and confirmed several partnerships expanding the offsite channels available through the platform. The increased suite of media options “ will help brands improve engagement with Tesco customers and off...
30 November 2022
More than 3,500 Tesco suppliers can now potentially cut production costs and reduce waste by selling or donating surplus stock or products to other suppliers who can make use of them. Tesco Exchange is a new online marketplace that matches suppliers who have a surplus of crops, by-products, ingredients or packaging with other Tesco suppliers that can use it. It is expected that savings in prod...
23 November 2022
Latest accounts filed with Companies House for Tesco convenience subsidiary One Stop, shows that sales from its company-owned stores fell by 4.4% in the year to 26 February 2022 to £965m. The decline owes much to the very tough comparison made by the pandemic-boosted sales in the previous year (up 15.5%), but was also exacerbated by the loss of six stores (695 in 2022 versus 701 in 2021). Neverth...
18 November 2022
Tesco has launched a trial partnership with French frozen food chain Picard. This has seen the introduction of Picard-branded bays in the frozen section of select Tesco stores, with the signage stating ‘bonjour to food lovers’ and ‘bonjour to evenings with a French touch.’ The new range in Tesco consists of around 20 SKUs. A fuller Picard range has been available via Ocado for several yea...