Tesco news

13 April 2022
As Tesco releases its annual results, Senior retail analyst Nick Gladding shares his initial thoughts on today’s numbers and what they tell us about the direction of travel at the UK market leader. Strong performance across the group drives sales and profits Group sales growth of 3.0% in the year to February 2022 is undoubtedly impressive against highly challenging pandemic elevated compara...
29 March 2022
The GB market declined by 6.3% in the 12 weeks to March 20th against 2021’s elevated performance, according to the latest data from Kantar. This result is being driven by the eating out sector reclaiming some spend from retail and food-to-go sales also picking up as socialising and working patterns begin to normalise. Compared to March 2020 when the pandemic impact started, sales were ahead by ju...
22 March 2022
As Biedronka looks to expand its quick commerce service in Poland and Tesco is growing the coverage for its ecommerce store in the Czech Republic, we round up news from the region. Biedronka evolves strategy for ‘digital convenience’-focused future… Poland-based trade publication Wiadomosci Handlowe has reported that Biedronka is expanding its Biek quick commerce delivery solution, which ...
18 March 2022
Tesco has agreed a new partnership with Homebase that will see the DIY retailer open three concessions in some of Tesco’s largest Extra stores. The first store will open in Borehamwood on March 19 th with two more units opening at Walkden and Woolwich in April. Strengthening the home offer at larger stores Timed to coincide with the traditional Spring uplift in DIY and garden improvement a...
02 March 2022
City officials in the Netherlands and USA are creating legislation that will impact expansion plans and delivery times, while retailers are expanding their partnerships with quick commerce operators. I also round up some of the latest activation I’ve seen from quick commerce pure plays Gopuff and Getir, including a focus on loyalty and seasonal events. Legislation impacts growth In the N...
01 March 2022
Retailers are beginning to prepare for HFSS (high fat, salt, and sugar) regulations that are due to come into force this October, testing out new gondola ends, promotional mechanics and highlighting healthier products. We visited Sainsbury’s and Tesco to understand more about these trials, and other initiatives they are currently trying. We pick up five key learnings from these visits about fu...
01 March 2022
The GB market declined 3.7% in the 12 weeks to 20 February against 2021’s performance, according to the latest results from Kantar. Despite the decline seen against 2021, sales remain significantly higher than in 2020, up by 8.4%. Inflation continues to rise Grocery inflation reached 4.3% in February. Other than the start of the pandemic, this is the fastest rate of inflation growth seen ...
01 March 2022
Loyalty in food-to-go has become increasingly important since the start of the pandemic as operators tried to maintain customer engagement . Now, retailers are starting to include food-to-go as part of their loyalty schemes, with Tesco and M&S announcing changes to their Clubcard and Sparks schemes over the weekend that will directly impact food-to-go shoppers.   Tesco Over the weekend...
11 February 2022
Last October, Tesco relaunched its strategy, partly in response to changed shopping preferences but also in recognition of a materially different competitive landscape as the Covid-19 pandemic passes. But five months on, how much progress has Tesco made? With the retailer’s financial year ending later this month, we explore how Tesco is delivering against its four new priorities. "Delivering m...
10 February 2022
This year, over 629,000 people from 228 countries signed up for the Veganuary campaign pledging to try a plant-based diet for the month of January. In our Veganuary 2022 report we highlight standout retailer and brand initiatives aimed at encouraging and supporting people to adopt a plant-based lifestyle. Below we look at the performance during Veganuary for two UK retailers. 1. Aldi’s...