Tesco news

27 July 2021
Sales in the Irish market declined 5.9% in the 12 weeks to 11 July, according to the latest results from Kantar. Sales still remained elevated when compared to pre-pandemic levels, with market growth +15.9% versus 2019. The reporting period included the Euros and the reopening of pubs and restaurants outside (indoor hospitality remains closed), driving shoppers to spend less time at home cooki...
22 July 2021
The GB grocery market declined by 5.1% on 2020 in the 12 weeks to July 11th, according to the latest results from Kantar as the whole period annualised against pandemic-elevated comparatives. Despite this impact and a less-than-expected boost from Euro 2020, sales remained £3bn higher than the same period of 2019, Limited boost from Euro 2020 With many shoppers taking advantage of newfound ...
14 July 2021
This year, the UEFA Euro 2020 finals took place in Wembley Stadium, with England playing Italy. This drove great excitement around the nation as retailers and brands looked to inspire and excite shoppers. In our UEFA Euro 2020 report we highlighted five ways retailers and brands looked to engage and excite shoppers during the championship. Below are three best-in-class in-store activations i...
12 July 2021
Tesco’s chief strategy and innovation officer Tony Hoggett is to leave the grocer to join Amazon as its senior vice president of physical stores according to an internal memo from Dave Clark, Amazon's Worldwide Consumer CEO. He is set to take up his new position in Seattle in January 2022. A distinguished career at Tesco Tony Hoggett joined Tesco in 1990 and has served in a range of leaders...
30 June 2021
In its new UK channel forecasts report, IGD maps out its expectations of how the food and grocery sector will move on from last year’s exceptional expansion. IGD predicts that last year’s 8.5% growth will slow to 1.7% in 2021 and then to 0.9% in 2022, as shoppers economise and the foodservice sector reclaims sales. This sharp decline will be followed by a period of modest recovery, that wil...
29 June 2021
In our Father’s Day, 2021 report we highlighted five themes and eye-catching in-store activation seen this year in the UK. Below are three best-in-class in-store campaigns for Father’s Day. Tesco: ‘For Each & Every Dad’ Tesco used cross merchandising displays to showcase a range of Father’s Day items and gifting options. To reflect its campaign, the retailer used images featuring all t...
23 June 2021
The GB market declined 1.6% in the 12 weeks to 13 June, according to the latest results from Kantar. Market growth declines but sales remain elevated This period saw restrictions ease further and the continuation of the vaccine programme rollout. However, as there has not been a complete return to normality this has created a mixed set of results. Despite the market declining, sales remaine...
18 June 2021
Tesco has report small advance in sales in its first quarter results as it annualises against the surge at the start of the pandemic. Investing in online, delivering on value and driving loyalty will be key priorities as the business looks forward. 13 weeks ended 29 May 2021   £bn One-year LFL Two-year LFL ...
11 June 2021
Tesco has begun to wind down its international wholesale business and plans to close it down completely by mid next year according to reports in Retail Week. An end to own brand exports Although the business is understood to have performed well during 2020, Tesco has apparently decided taken the decision after a “thorough consideration of its scale and growth potential”. The division export...
07 June 2021
Continuing the changes seen amongst European buying alliances, Tesco and Carrefour have announced they have decided ‘ not to extend their Purchasing Alliance beyond the three-year operational framework agreed in 2021 ’. Focus to now switch to working on their own opportunities The retailers said ‘ over the last three years, [we] have benefited from a number of joint buying opportunities acr...