Tesco and Sainsbury will likely follow Asda’s cost- and price-cutting lead to combat discounters Aldi and Lidl, according to food industry commentator Clive Black, responding to Asda’s latest results.
Former Tesco drivers are staging further demos at the retailer’s distribution centres in a long-running row over job cuts after they transferred to Eddie Stobart Limited and were then dismissed.
A party for Tesco boss Philip Clarke, scheduled for last night (July 22), to celebrate his 40 years with the retailer, was cancelled on Monday, after he revealed his intention to quit his chief executive role in October.
Discount chain Lidl has revealed plans to create 2,500 jobs in a £220M expansion, the day after Morrisons’ boss Dalton Philips admitted you can’t “out-discount a discounter”.
Coca-Cola Enterprises’ appointment of Young’s Seafood’s boss to run its UK business leads this month’s selection of people on the move in the food and drink industry.
Tesco’s latest results – featuring its 6% slump in operating profit – deliver six key pointers about the future direction of the business, including the prospect of sharper price competition, according to financial analyst Morgan Stanley.
Tesco may need to restructure its board following news that its chief finance officer (cfo) Laurie McIlwee is to leave the business, according to leading food industry analyst Clive Black.
Tesco has confirmed rumours that finance chief Laurie McIlwee will leave the business, announcing the news days before it is set to announce 2013–2014 results.
Morrisons’ appalling results and the associated announcement last month by the retailer’s boss Dalton Philips that he planned to sell off a large slice of its estate to raise funds towards the £1bn earmarked for price cuts sent shivers throughout the...
Morrisons’ financial prospects continue to give “cause for concern”, a second city analyst has warned, ahead of the firm’s full-year results due to be revealed next week.
Tesco may have missed an opportunity to champion shoppers, as its vow to invest £200M in price cuts annually may not be aggressive enough, according to a leading grocery analyst.
Tesco’s UK business prospects are making City analysts at Shore Capital nervous, as the retail giant faces “a multi-year job” in reviving its fortunes.
Tesco and Marks & Spencer (M&S) have rejected claims from consumer watchdog Which? that consumers find some of their pricing policies as difficult to understand as “tackling an obstacle course”.
Morrisons and Tesco were “the clear laggards” among the four big supermarkets, while discounters and premium sellers continued to do well, according to City analyst Shore Capital, commenting on recent Nielsen market share data.
Food and drink firm Healthy Food Brands has created 10 jobs to meet growing demand, after securing a contract to supply its PLj Lemon Juice brand to 750 Tesco stores.
Tesco has denied putting its suppliers under unfair pressure, after retail analyst Cantor Fitzgerald accused the retail giant of practices that risked breaching the Groceries Supply Code of Practice.
Tesco is probing its ice cream cornet supply chain, after recalling own-label ice cream cones following the discovery of pain relief tablets in two cornets.
Sainsbury has overtaken Asda to become the UK’s second biggest supermarket, as the row with market leader Tesco – over its price comparison policy – continues.
Cheesemaker Wyke Farms has become 100% self-sufficient in green energy after opening a new £4M biogas plant at its Bruton site in Somerset yesterday (September 19).
A rat infestation in Tesco’s Perth Metro store, recent complaints about a live caterpillar discovered in a sandwich at a store in Sussex and a ‘supermouse’ at its Covent Garden Metro outlet were isolated incidents, according to a spokeswoman for the retail...
Tesco has apologised to a woman who claimed to find a live caterpillar in a bacon-lettuce-and-tomato sandwich, bought from one of its stores in St Leonards in East Sussex last week.
Tesco’s £300,000 fine over a misleading half-price offer for strawberries presents a nightmare for all involved in pricing seasonal products, a senior lawyer has warned.
The YMCA has called on more retailers to join forces with it to help beat food poverty, following a successful partnership between an Asda store and its local YMCA in Staffordshire.
Vegetarian and vegan food maker Amy’s Kitchen has ambitious European and Asian export plans in the wake of its 300% year-on-year sales growth in the UK.
Britain’s biggest retailer Tesco has recovered from “the body blow” inflicted by the horsemeat crisis, while all the big four UK supermarkets were struggling to maintain their presence in “anaemic markets”, said city analyst Shore Capital.
The successful prosecution of Tesco for food safety violations at its Covent Garden Tesco Metro store has snowballed into a PR nightmare for the retailer in what has been dubbed the ‘supermouse’ incident.
Morrisons’ boss Dalton Philips has claimed his current strategy will catapult Britain’s fourth-largest retailer into a position to directly challenge larger rivals Tesco, Sainsbury and Asda by 2015.
Tesco continues to struggle across Europe, with like-for-like sales excluding petrol down 5.5% as “tough economic conditions, challenging competitors and over-dependence upon out-of-favour hypermarkets” take their toll.
International growth, getting the UK back to a market leading position and establishing muliti-channel retail leadership are the three “top priorities” for Tesco, according to the retailer’s ceo.
Sainsbury boss Justin King – “the grandfather of UK supermarkets” – has drawn praise from City analyst Shore Capital, after the nation’s third largest retailer reported sales, including fuel, up by 4.5% to £23.3bn for the year to March 16.
Pig farmers turned sausage manufacturers Debbie and Andrew Keeble are set to launch their premium sausage brand Heck in Tesco on April 8, in direct competition with their former family brand Debbie & Andrew’s sausages.
Britain’s multiple retailers are devoting so much IT resource to fulfilling soaring demand for online grocery sales that work on developing the Global Data Synchronisation Network (GDSN) with their suppliers has suffered, it has emerged.
It was “extraordinary” that Tesco didn’t know its value burgers contained 29% horse meat bearing in mind the stringent quality controls it applies to “misshapen fruit”, a leading MP claimed.
Prime minister David Cameron, Sir Paul McCartney and Tim Smith, Tesco’s group technical director and former Food Standards Agency boss, all feature in this collection of quotes about the discovery of horse and pig DNA in beef burgers sold by Tesco, Iceland...
Britain’s biggest retailer Tesco enjoyed a happier Christmas than Marks and Spencer, with sales up by nearly 2%, compared with sales down by the same amount at M&S.
When three working mothers, Donna Tresadern, Kay Shearing and Nikki Da Costa-Smith, struggled to find healthy, convenient and tasty food for children they decided to create their own frozen ready meals range.
Stabilising Tesco’s UK market share and achieving stable UK trading margins should be key goals for the retail giant, according to City analyst Shore Capital.
