Tesco to reveal sales performance as cost of living still in focus
1 year, 3 months ago

Tesco to reveal sales performance as cost of living still in focus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco’s pricing and efforts to stop customers switching to discount rivals will be in the spotlight again as the supermarket giant updates shareholders next week. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “Tesco’s razor-sharp focus on keeping prices down is helping it fend off rival discounters, which should bode well for its half-year numbers. “Expanding the Aldi price match promotion has also been paying off, enabling Tesco to retain shoppers’ loyalty and discourage them from going elsewhere and investors will want to see this trend continuing.” Over the first quarter of its financial year, Tesco reported like-for-like sales growth of 8.2% against a year earlier, with a 9% increase in the UK.

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History of this topic

Tesco and Sainsbury’s to shed light on Christmas sales performance
5 days, 5 hours ago

Tesco and Sainsbury’s to shed light on Christmas sales performance

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s biggest supermarket groups …

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders
2 months, 1 week ago

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclays will market and distribute credit cards, loans and …

Tesco is 'lowering prices as quickly as possible' says boss with cuts on thousands of items as UK's battle against inflation eases
3 months ago

Tesco is 'lowering prices as quickly as possible' says boss with cuts on thousands of items as UK's battle against inflation eases

Daily Mail  

Tesco's boss said it was 'lowering prices as quickly as possible' as the UK's battle against inflation continues to ease. Tesco's lower pricing has come as it has continued to grow its market share over the past year, now holding around 27.8 per cent of the grocery market, up from 27 per cent last October, according to Kantar figures. Ken …

Tesco meal deals will RISE in price this week - with supermarket justifying the hike by saying it's made changes and 20 new mains have already hit shelves
4 months, 2 weeks ago

Tesco meal deals will RISE in price this week - with supermarket justifying the hike by saying it's made changes and 20 new mains have already hit shelves

Daily Mail  

Tesco is set to raise the price of its popular meal deal for the second time in two years — much to the disappointment of bargain lunch fans. The price of a standard Tesco meal deal — which includes a main, snack and a drink — will rise by almost six per cent from Thursday. The price of a standard …

Grocery price inflation rises for first time since March 2023
4 months, 3 weeks ago

Grocery price inflation rises for first time since March 2023

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has risen …

Thousands of Tesco workers to split £30m windfall
6 months ago

Thousands of Tesco workers to split £30m windfall

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy More than 20,000 Tesco workers …

Tesco predicted to reveal ‘another strong quarter’
7 months ago

Tesco predicted to reveal ‘another strong quarter’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco is predicted to reveal …

Tesco agrees to make ‘small change’ to shopping website after pressure from MP
8 months, 3 weeks ago

Tesco agrees to make ‘small change’ to shopping website after pressure from MP

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The move will enable consumers to ‘buy British’ The …

Unions accuse Tesco of profiteering as earnings soar – are they right?
8 months, 4 weeks ago

Unions accuse Tesco of profiteering as earnings soar – are they right?

The Independent  

Unite general secretary Sharon Graham’s response to Tesco’s announcement of a £2.3bn pre-tax profit – more than double the previous year’s number, and its best result for more than a decade – was furious. “There is an epidemic of profiteering in our economy – the government has been missing in action and failed to curb it.” Tesco’s headline numbers seem …

Tesco says shoppers buying more after inflation ‘lessened substantially’
8 months, 4 weeks ago

Tesco says shoppers buying more after inflation ‘lessened substantially’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco said inflation in the …

Tesco set for profit rise as sales continue to grow at supermarket giant
9 months ago

Tesco set for profit rise as sales continue to grow at supermarket giant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco is expected to reveal …

Tesco overhauls Clubcard price displays amid fears shoppers being misled
10 months, 2 weeks ago

Tesco overhauls Clubcard price displays amid fears shoppers being misled

The Telegraph  

Tesco is changing how it displays Clubcard prices after consumer groups claimed promotions made it harder for shoppers to spot the best deals. Britain’s biggest supermarket said it will be updating the prices on its shelves within the coming weeks to allow customers to see the price per unit of products being sold under its Clubcard scheme. This meant that …

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals
11 months, 1 week ago

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Grocery prices were 6.8% more expensive than a year …

Food price inflation falls at fastest rate on record
1 year ago

Food price inflation falls at fastest rate on record

The Telegraph  

Mr McKevitt said cost of living pressures were forcing more shoppers to hunt out discounts, with almost a third of all spending in the weeks before Christmas made on items that were on offer at the tills. He added: “Retailers were clearly working hard during the festive period to offer best value and win over shoppers, and promotions were central …

Tesco to reveal sales performance as cost of living still in focus
1 year, 3 months ago

Tesco to reveal sales performance as cost of living still in focus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco’s pricing and efforts to …

Tesco fightback sees Aldi and Lidl lose ground in the battle for British shoppers
1 year, 3 months ago

Tesco fightback sees Aldi and Lidl lose ground in the battle for British shoppers

Daily Mail  

Aldi and Lidl have lost ground in the battle for the nation’s shoppers as larger rivals such as Tesco launched a fightback. Kantar said grocery price inflation has fallen to 12.2 per cent – the lowest level for a year. Price freeze:Tesco has seen its market share tick up from 27% to 27.2% in the 12 weeks to September 3 …

Tesco to slice the price of bread to beat Aldi and Lidl
1 year, 8 months ago

Tesco to slice the price of bread to beat Aldi and Lidl

The Telegraph  

Tesco has signalled it is ready to slice the price of bread, as Britain's biggest supermarket strives to compete with rivals Aldi and Lidl. Ken Murphy, Tesco’s chief executive, said: “We would hope that, in certain areas, in bakery, you will start to see some deflation.” He added the retailer would be “very vigilant and very rigorous” to get a …

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row
1 year, 11 months ago

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It comes after John Allan, when asked by the …

Ocado set to post grocery growth in latest festive update
1 year, 11 months ago

Ocado set to post grocery growth in latest festive update

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tuesday’s update comes after two weeks of UK retail …

Ocado set to post grocery growth in latest festive update
1 year, 11 months ago

Ocado set to post grocery growth in latest festive update

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tuesday’s update comes after two weeks of UK retail …

Next set to reveal sales dip as ‘squeezed middle’ cut Christmas spending
2 years ago

Next set to reveal sales dip as ‘squeezed middle’ cut Christmas spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The cautious approach means that there could be no …

Tesco announces Clubcard changes to offer more savings
2 years ago

Tesco announces Clubcard changes to offer more savings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Customers who download its new Clubcard & Grocery app, …

Tesco to face questions over consumer demand concerns despite ‘rise in sales’
2 years, 3 months ago

Tesco to face questions over consumer demand concerns despite ‘rise in sales’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco is expected to reveal …

Tesco and Morrisons hit by ‘shrinkflation’ as ready meals cut by 50g while prices go up
2 years, 5 months ago

Tesco and Morrisons hit by ‘shrinkflation’ as ready meals cut by 50g while prices go up

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco and Morrisons has been struck by ‘shrinkflation’ as it …

Tesco workers to share £50m bonuses but supermarket giant warns inflation will hurt profits
2 years, 8 months ago

Tesco workers to share £50m bonuses but supermarket giant warns inflation will hurt profits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Britain’s largest private employer will pay out nearly £50m …

Tesco targets Christmas price cuts in fresh challenge to rivals
3 years, 3 months ago

Tesco targets Christmas price cuts in fresh challenge to rivals

The Telegraph  

The chain said it was confident of good product availability this Christmas, but there could still be “bumps in the road” amid a shortage of delivery drivers and higher shipping costs. Mr Murphy said: “This is working against the levelling up agenda that the Government has so publicly made part of its policy.” Tesco has been calling for a 1pc …

‘Shop as normal’: Panic-buying resumes as UK braces for new lockdown measures
4 years, 3 months ago

‘Shop as normal’: Panic-buying resumes as UK braces for new lockdown measures

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shoppers have been urged to remain calm in the nation’s …

Tesco is creating 16000 new jobs to cope with online shopping boom
4 years, 4 months ago

Tesco is creating 16000 new jobs to cope with online shopping boom

CNN  

London CNN Business — Tesco is creating 16,000 jobs to meet surging demand in its online business, delivering a rare boost to the struggling UK economy. Britain’s largest supermarket chain said in a statement on Monday that the newpermanent roles are in addition to 4,000 jobs it has already added since the start of the coronavirus crisis. Britain is facing …

Tesco unlikely to profit from Covid-19 lockdown sales boom
4 years, 9 months ago

Tesco unlikely to profit from Covid-19 lockdown sales boom

CNN  

London CNN Business — Food and supplies are flying off the shelves of UK supermarkets, but that doesn’t mean their profits are booming. Tesco, the biggest grocery chain in Britain, said Wednesday that additional costs associated with “feeding the nation” could amount to as much as £925 million this year if restrictions on work and social-distancing measures introduced to counter …

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