Tesco news

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...

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...

As part of an effort to create a ‘positive difference in how customers experience Reduced to Clear’ Tesco has launched a rebrand for its RTC bays in chilled and ambient. The new point of sale plays up the two key benefits of participating in RTC – lower prices and minimizing food waste – with new messaging that comprises ‘Reduced in price. Just as nice. Save money and help reduce food waste.’ ...

We round-up the latest Christmas adverts from the UK’s grocery retailers. The common theme for 2022 sees the adverts focus on how retailers are looking to help people spread festive cheer in the face of the cost-of-living crisis. Tesco: budget-friendly Christmas Tesco’s Christmas campaign acknowledges the cost-of-living crisis as it spotlights its budget-friendly range and value-led prom...

Tesco has officially opened another cashierless store in London. The Tesco Express store in Chiswell Street is fitted out with Trigo’s cashierless technology, which is a combination of check-in gates, ceiling cameras and shelf scales to enable shoppers to purchase goods without needing to pay at a cash register. What makes this store even more interesting is that it offers shoppers the abil...

Israeli-based Trigo, which has developed technology to power autonomous, or checkout-free stores, has raised $100m in new funding to drive expansion in Europe and the Americas. We look at what this means for the broader sector. Taking the technology to larger stores Trigo has been one of the leading technology partners for retailers to help them develop autonomous shopping experiences. The ...

Tesco has put up the prices of its meal deal for the first time since 2012, as food price inflation reached 14.6% in September. In February 2022, Tesco made its £3 meal part of its Clubcard offering , meaning prices would rise to £3.50 for non-Clubcard holders, while those part of the loyalty scheme could still redeem the meal deal for £3. 70% of meal deal customers are Clubcard holders,...

As Tesco looks to protect its margins, raising the price of its lunchtime meal deal, and sets out plans to halve its food waste by 2025, we round up key initiatives from the retailer. Tesco raises price for lunchtime meal deal Tesco has raised the price of its lunchtime meal deal as it deals with inflation in the UK market. The retailer said the price rise would come into force on 24 Octobe...

The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 2 October 2022 total till roll consumer spend in Great Britain rose by 4.8%, up from 3.8% in the previous reporting period. Inflation continued to drive value growth, with volume sales continuing to contract. Average annual grocery bill rises again Sales growth continued to ...

Although the cost-of-living crisis is impacting retailers’ current priorities, sustainability remains high on the agenda. New EU regulations are being considered to tackle deforestation, while retailers such as Tesco, Sainsbury’s and SPAR Austria continue to step up their efforts to reduce plastic packaging and food waste in a bid to increase cost efficiency. EU Deforestation Regulations ...