Tesco news

Tesco’s UK managing director, Chris Bush, joins the line up at the IGD Tesco Trade Briefing, taking place in London on April 25. An important time for Tesco Chris Bush, who was promoted to UK managing director in January, is overseeing much development in the UK business, not least the recent launch of Tesco’s coupon-at-till Price Promise initiative. Chris has stated that the intenti...

Tesco has announced the acquisition of Giraffe, an award winning restaurant group for £48.6m. It is the latest in a series of acquisitions by the retailer in the UK designed to develop revenue streams beyond its core business. Using space better at large format stores Commenting on the rationale for the acquisition, Kevin Grace, group commercial director at Tesco said, “We invest in business...

Tesco has launched a new coupon-at-till price comparison system that refunds the difference to shoppers if products could have been bought for less at its main rivals. Significantly, the new scheme covers both branded and private label products, and builds on trials of the couponing technology in Northern Ireland. Own brand and promotions included Distinctively, the new Tesco Price Promis...

Tesco has announced changes to make the sourcing of its food simpler, shorter and more transparent. Local sourcing Tesco has decided to extend its policy on local sourcing. Currently all of the retailer’s beef – fresh, frozen and in ready meals – comes from the UK and Republic of Ireland. As of July 2013, Tesco will source all of its fresh chickens from the UK and, over time, ensure t...

The latest data from Kantar Worldpanel for the 12 weeks to 17 February 2013 reveals that Aldi continues to set the pace in the Irish market. 12 weeks to 19 February 2012 (% share) 12 weeks to 17 February 2013 (% share) Sales growth (Y-o-Y %) Tesco 28.1 27.7 -0.5 Dunnes 23.2 24.0 4.1 SuperValu 19.9 19.8 0.1 Superquinn 5.6 ...

Tesco has launched its new Clubcard TV to its 16 million Clubcard holders as it looks to strengthen its position in the digital entertainment market. Free TV and movie service Clubcard TV, which is being developed by the team running Tesco's Blinkbox service, will offer films and TV shows for free to all Clubcard customers. The content will be geared towards families and children. The s...

Following a successful trial in Northern Ireland, Tesco is to roll out a voucher-at-till price matching initiative across the UK next Monday as part of a major push to strengthen its value credentials, according to press reports. Comparison with major rivals An extension of the retailer's existing online Price Promise scheme, the new scheme will instantly compare prices to those offered by A...

Tesco is reported to be bolstering its marketing department, looking to fill a raft of positions in preparation for its new brand campaign. A significant investment Marketing magazine has reported that Tesco is looking to invest in recruiting more than 40 new members to its marketing team, in both new and existing positions, within its UK and international teams. Tesco is looking to fi...

Global retailer Tesco has announced it is to launch online grocery shopping in China and Thailand. Bangkok and Shanghai targeted Tesco is planning to launch its online food operations next month in Thailand , one of the retailer's most significant markets. As with previous markets, Tesco will launch the service first in the capital city Bangkok, before what is believed will be a wider ro...

The latest retailer share data from Kantar Worldpanel, for the 12 weeks to 17 February 2013, shows the UK grocery retail market accelerating on the previous period, with growth up to 3.7%.  However, inflation remains persistently higher.  The Kantar measure indicates this stood at 4.7% for the period, suggesting that volumes remain negative. 12 weeks to 19 February 2012 (% sha...