Tesco news

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...

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...

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...

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...

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 ...

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...

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...

The GB market declined 0.4% in the 12 weeks to 16 May, according to the latest results from Kantar. The decline reflects the tough comparisons against record-breaking figures from 2020 and the beginning of the pandemic. Reduced restrictions and the roll out of the vaccination programme has further impacted sales, with shoppers starting to return to their pre-pandemic buying habits. Despite thi...

Tesco has decided to axe its Metro small supermarket format following an internal review, according to a report in The Grocer. Stores to becomes superstores or Expresses The changes mean that 89 of the 147 Metros will be rebranded as Tesco Express while the remaining 58 will join the superstores division. The rebranding will take place over the next few months. Shifting shopping habits ...

Food-to-go, one of the categories hardest hit by changes in shopper behaviour during the pandemic, has become a key battleground for retailer sales growth.  Retailers are facing tough comparatives against the peak sales of April and May last year and are looking for categories that can boost sales to offset those that will lose ground as hospitality reopens. With people already moving around m...