All Tesco articles – Page 246
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News
New chief named for Warehouse Stationery
Discount retailer The Warehouse has appointed Mark Powell as chief executive of its subsidiary Warehouse Stationery, following the resignation of Gary Rohloff.Powell has worked at The Warehouse for six years in senior executive roles. Previously he worked at global giants Wal-Mart Canada and Tesco UK. He is general manager of ...
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NewsSir Terry Leahy heralds signs of economic stability
Tesco boss Sir Terry Leahy says confidence is bouncing back as the grocer records profits of £3bn.
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OpinionIT spending for success
Despite the recession and general budget belt-tightening, the results announcements from several retailers this week show just how busy IT departments are being kept.Buried in Tesco’s results is the nugget that the grocer is beavering away on migrating the systems used by Tesco Personal Finance to its own computing platforms. ...
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NewsTesco posts record profits of £3.1bn
Tesco’s underlying pre-tax profits passed the £3bn mark for the first time in the year to the end of February, totalling £3.1bn, an increase of 8.8 per cent.
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Opinion
Food retailers are missing a trick
While money may be in relatively short supply, there are still plenty of affluent neighbourhoods in our larger cities where foodies are shopping in small, deli-style stores.
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NewsTesco to ramp up telecoms shops
Tesco is to double the number of in-store telecoms shops in its supermarkets by the end of the year.
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OpinionWhy Tesco's short-term mistakes could end up being long-term triumphs
Tesco has come in for plenty of stick lately, but the grocer came out of the last recession strongly, so who’s to say it doesn’t know what it is doing this time around?
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AnalysisOcado ups ante as online food battle hots up
With soaring sales and a price campaign taking on Waitrose and Tesco, Ocado’s confidence is growing. Jennifer Creevy meets co-founder Jason Gissing
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NewsBrokers unmoved by surging retail stocks
Rocketing store shares prompted open-jawed amazement on the part of some analysts, who are convinced the market has got ahead of itself.Fresh back from his holidays, Pali’s Nick Bubb clocked the “astonishing” surge of the past few weeks but maintained his bear stance.“Green shoots can quickly shrivel and we are ...
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NewsFresh & Easy introduces review section to website
Tesco’s US Fresh & Easy operation has introduced a product review section on its website to increase interactivity with its customer base.When shoppers sample a product in stores through the US grocer’s Kitchen Table tasting area, they can then review it online.A Tesco spokesman said: “This launch forms part of ...
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OpinionOcado has carved itself a niche
Ocado has had a tough first few years setting up and competing with the likes of Tesco and Sainsbury’s but the e-tailer is starting to see the light.
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NewsTesco ramps up technical support with pre-sales advice operation
Tesco-owned technical support firm Tesco Tech Support is to provide shoppers with pre-sales advice on its home technology range.
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OpinionThe good, the bad and the ugly
Have the past 10 years’ big changes been good for the industry? Simon Burke gives his view
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NewsTesco’s management incentives ‘best in class’
Tesco’s management incentive scheme is the most likely among those of the big grocers to encourage strong performance, broker Bernstein has concluded.The broker said executive compensation structures are broadly similar at all three quoted grocers, combining basic salary, bonus and various long-term incentives.However, at Tesco and Sainsbury’s there is a ...
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AnalysisEvery little helps the nation’s favourite
Knocking Tesco can seem like a national sport but it remains top of shoppers’ lists. Charlotte Hardie considers why the UK’s biggest grocer continues to be Britain’s favourite retail brand
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OpinionHunger for food stocks sated
General retailers’ popularity has been growing of late. At the end of last week some big names rose again, at the expense of the food giants.Although food stocks are often popular for their defensive qualities during tough times, the big grocers were not the flavour of the week. Last Friday ...
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NewsTesco to create 800 jobs at Middlesbrough distribution centre
Tesco will create more than 800 jobs when it opens a distribution centre in Middlesbrough in August. The £130m Teesport Distribution Centre is the retailer’s first purpose-built import storage facility. It will replace its existing non-food distribution centre in Coventry. The 910,000 sq ft Teesport centre means that goods can ...
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News
Tesco gears up for in-store banking
Tesco is to install private consul-tation rooms in its banks as it prepares to open 30 branches in stores by the end of this year.The grocer will have representatives at its banks to talk customers through finance offers. A spokeswoman said the consultation rooms will “give customers privacy” as they ...
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NewsRetailers unconvinced rate deferral is enough
Darling’s 11th-hour move only grants temporary relief, top retailers argue
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AnalysisThe price of going private
In recession, it might be expected that an increasing number of retailers would turn to private label to ease their burdens. But what are shoppers’ perceptions of such ranges, asks John Ryan