Tesco Share Discussion Threads

[csmwssk12hu] 12/10/2016 21:07

Don't get me wrong I shop at tesco and don't want prices to go up either but if it's that bad that unilever have stopped supplying tesco and they are running out of stock in stores and have had to take off website and now it's got into the public domain it will have a serious effect on tesco profitability, unilever won't care one bit about the profitability side of it as they know it will be more detrimental to tesco than them and tesco will have to back down first my dad worked for unilever 30 years ago and I've never forgot a story he told me the division he was in was walls meats which at time included mattessons flora etc they were having a dispute with kwiksave over a 16% price rise on sausages. Kwiksave wouldn't pay as they could buy cheaper elsewhere so when it came to the crunch Kwiksave stopped selling walls and Richmond sausages, a third of walls and Richmond sausages went to Kwiksave at the time so was potentially a devastating decision for that division within two hours the problem made it to Michael Perry who was ceo of unilever at the time he contacted Kwiksave ceo and told him if he didn't continue to purchase at least the same volumes with a 16% increase in price unilever would pull all their items from Kwiksave, at the time a third of Kwiksave sales where unilever products, needless to say they bought the sausages and that's why Kwiksave ended up going down the no frills route, not the common mistake that it was aldi and lidl that sent them down that road

[cocker] 12/10/2016 20:51

Products made in the UK should not be subjected to price increases. Good on Lewis for fighting our corner

[csmwssk12hu] 12/10/2016 20:41

Tesco are making a mistake with this one, if customers do not see products on the shelf they will go elsewhere unilever is no premier foods

[sponges] 12/10/2016 20:04

Yea - apparently Tesco have now said that Unilever are trying get Tesco to increase their products by upto 10% even though they are made in the UK and Tesco say they are trying to get these pushed up prices by trying to blame Brexit - I think this is what will be seen everywhere now - "oh sorry the price has had to go up because of "Brexit" ! we should just then say okay i won't buy from you then!

[neilyb675] 12/10/2016 19:24

Tesco has pulled a number of Unilever products from its website amid a dispute over prices following the fall in the value of the pound. 
The currency has taken a sharp dip amid fears that the UK will opt for a hard Brexit and leave the single market after the EU referendum vote. 
It has emerged that Unilever and Tesco are locked in a war of words over who will bear the brunt of the currency fluctuation and as a result a number of the global brand's most well-known products have been pulled from the supermarket's website. 

[sponges] 12/10/2016 19:15

Breaking news on Sky news that Tesco are in a row with its major supplier Unilever and are now running low on stocks of various products

[scotches] 12/10/2016 09:08

"Aldi and Lidl face threat from weak pound"

(FT article from July - google search for free access)

"Almost all of the discounters’ non-food products come from Europe"

The German discounters source more of their products from the continent than their larger UK-based rivals and so will be most affected by sterling’s slump since the EU referendum, according to analysts.

“A fall in sterling will push prices up for everyone who sources products from Europe, but Aldi and Lidl will be affected more than most,” says Richard Clarke at Bernstein.

“Almost all of the discounters’ non-food products come from Europe, and they frequently run promotional weeks where they sell food from different European countries,” he adds.

Price inflation at the two groups would offer a boon to the larger UK supermarkets such as Tesco and Morrisons, as the differential between the German and British chains would narrow and provide an opportunity to strike in a renewed price war.

[vaneric1] 12/10/2016 09:00

N, I'm told that products in both Aldi and Lidl are 80% own label.

[vaneric1] 12/10/2016 08:57

If you read the Wiki write up about Trader Joe's it looks to have bee mostly written by a company propagandist.
I've been to the States many times and I've never seen one of their shop although it seems they have 400+, I note that the average grocer in the US carries 50,000 products, Trader Joe's only around 4,000.

I note also that it belongs to a family trust so not directly owned by the German Aldi company.

[nerdlinger] 12/10/2016 08:46

I double-checked my cupboards. I'm overdue a big shop but of the Lidl non-perishables I have I can find no country of origin on the label, just their HQ addresses in UK and in Ireland. Maybe we only see origins on meat...? I've got a tin of Nixe kippers (mmm... kippers) produced in Germany. It stands to reason though that they keep costs down by flogging us the same goods they flog all over Europe but with English labels on.

[nerdlinger] 12/10/2016 00:26

1carus, that was Sorrell's megaphoned message the morning after the referendum. It might be true of the perishables but I wonder if they are a loss-leader. As far as I can tell from reading labels on the stuff I get from Aldi and Lidl the non-p is all made outside the UK. Check your cupboards.

Alphorn, it's true but Aldi bought Trader Joe's 37 years ago and developed it. Our Aldi is just the Europe one expanded across the Channel relatively recently. Aldi Sud also have shops in USA and Australia and maybe they succeed partly because of all the population which is of European descent, not like UK.

I'm not an expert and I might be wrong but I'm surprised at the dearth of speculation along these lines.

[alphorn] 11/10/2016 23:47

N - Trader Joe (Aldi) is a fair size and success in the USA so not to be under estimated.

[1carus] 11/10/2016 23:35

Nerdlinger --- not sure what the split is but I thought Lidl and Aldi do actually try and supply from local sources. Their trick is lower margin, lower overheads and stock less range to support this. If they increase their local supply chain I am not sure why they would be paying import tariffs. Pretty much all meats uk supplied I think.

[nerdlinger] 11/10/2016 21:55

Does nobody else expect Aldi and Lidl to retreat back to the continent post Brexit? I can't find any journalist opinion discussing it beyond the PR line of business as usual. Aldi do operate a little outside of the single market in Australia and USA but Lidl don't at all and Lidl UK have lost their CEO and both joint COOs since the referendum. Both Lidl and Aldi have an emphasis on efficiency and organisation which would be totally screwed by import tariffs and new immigration controls. Plummeting Sterling is being reported as market expects hard Brexit but no mention of auf wiedersehen Aldi...

[careful] 07/10/2016 11:02

Employers should contribute to workers pensions.

[ladeside] 07/10/2016 10:56

Johnwise, you are a complete and utter cretin of the highest order.

[pal44] 07/10/2016 10:24

See what happens this afternoon rather be out till Monday

[cocker] 07/10/2016 09:20

200p looking to be the floor for the share price at the moment. Without doubt heavily bought over the last few weeks & profit takers like my self dragging it back down. Would not be surprised to see either a trace back to 190 if 200 is broken for long, but defo likely to be pushing back to 210+ in coming weeks.

[careful] 07/10/2016 07:49

Ashly at Sports direct, Amazon with minimum wages.
they are allowed toilet breaks now, management getting soft.

[johnwise] 06/10/2016 20:51

I am not a holder of the stock but sympathise with Tesco being hampered with government Left Wing employment rules and regulations:


What with Tesco having to pay His and Her Maternity pay and leave, having to contribute to the employees work place pensions scheme and waste time and £ with realms of employment regulation red tape, Why should the employer have to contribute to the employees pension ?..Think your self lucky you have a job,if you want a pension you pay for it yourself..Easy to see why Britain is a financial basket case, none of this expensive nonsense in the Far East...

Tesco pension deficit jumps 123% to £5.9bn

[hectorp] 06/10/2016 12:24

Yes thanks Alp same with you.