Tesco news

Following Sainsbury’s recent updates to its premium meal deal offer , Tesco has begun a trial of premium meal deal baguettes. Across the country, 170 stores will range the new £5 premium meal deal that includes a baguette, a drink and a side. Filling options include mozzarella, tomato & basil pesto, chicken & beechwood bacon ceaser, tuna mayo & cucumber, Wiltshire ham, cheddar and Dijon mu...

Tesco has acquired the Shoprite chain of stores on the Isle of Man. Shoprite, which operated on the Isle of Man for 51 years, sold all 9 of its stores to Tesco. Tesco has said it will convert all of the stores into Tesco formats over the next 9 months. Tesco currently operates a single store in the island’s capital, Douglas. The move will bring the total number of Tesco stores on the Isle o...

Tesco is reportedly planning to launch an online marketplace in early 2024. As reported by The Grocer, Tesco is planning to range “ a broad range of third-party products“ alongside groceries on the website which it has reportedly been developing for the past two years. The news follows a job listing by Tesco for a marketplace business development manager whose role would be to “translate ...

Tesco released its first-half trading results today for the 26 weeks ending 26 August 2023. Revenue and profits in strong growth Total group sales stood at £30.7 bn, an increase of 8.9% on the previous year (ex. VAT, exc. fuel). Adjusted operating profit reached £1.5 bn, an increase of 14.0% on the previous year. Overall, all areas of Tesco are in like-for-like growth. UK sales were £2...

Tesco Ireland has revealed significant investment plans for the remainder of its current financial year. As reported by NamNews, Tesco Ireland will spend €80m opening eight new Tesco Express stores with plans to refurbish 50 other outlets. Tesco Ireland Chief Operating Officer, Geoff Byrne, said the €80m investment was a “fairly significant step-up from what we have been spending. But that...

A round-up of recent announcements on pricing by UK retailers. Tesco turns its focus to baby products Tesco has announced a further round of price cuts across 50 products. A quarter of the reductions will take place on products found in the baby aisle, with Tesco highlighting Pampers nappies reduced by 16% as well as Johnson’s baby shampoo and Florence and Fred cotton buds also seeing pr...

Whether you participate in dry January or go sober for October, there is a trend for curbing alcohol consumption and embracing low or no-alcohol alternatives. The younger generation, health and improved formulations are bolstering growth Gen Z, and younger Millennials are more inclined to be teetotal then the older generations and are reportedly drinking less or abstaining altogether. ...

Tesco has revealed plans for an overhaul of product ranges found in its 2,000+ Express store convenience estate. The move will see more than 50 popular everyday products replaced with lower-priced alternatives, many of which will be from the retailer’s own-brand range. Tesco claims that on average the own-brand replacements will be 40% cheaper than the items they are replacing. Tesco highli...

Tesco has become one of the first retailers in the world to have its net-zero plans validated by the Science Based Targets initiative (SBTI), which includes its efforts decarbonise its use of forests, land, and agriculture (FLAG). The SBTi works with businesses to define a path to achieve their net-zero greenhouse gas amissions, which are considered science-based if they align with the goals o...

In the last few days Morrisons and Tesco have both announced new support packages for British farmers. Morrisons trial support package covering 100% of costs Morrisons will become the first UK supermarket to underwrite 100% of the costs associated with growing crops. The retailer will invest £2m in a year-long trial aimed at helping farmers mitigate the cost and weather pressures of gr...