My Tesco has been as busy as I've ever seen it the past couple of days (car parking spaces at a major premium) and according to the staff that I spoke to they said it had been "crazy" and "all day", so if similar across the country I think we can look forward to a fantastic Christmas trading update. |
Aldi busy too, but Tescos very much as busy. |
Busy at our superstore, car park attendants recruited to manage the traffic bedlam. Absolutely every till staffed too. |
Whatever they are doing they seem to be getting it right. |
OK it is a very unfair comparison but anecdotally M&S was packed on Sunday like I'd never seen before. Tesco yesterday at 9pm was like a regular Monday night. It may be store specific because of the very diverse neighbourhood but my local Tesco has really downplayed Christmas. My hunch is that M&S, Aldi and Lidl will announce very good Christmas trading but Tesco will disappoint on sales which they will explain by their strategy of protecting margin and not getting drawn into price-cutting. Loyal Tesco customers will do their Christmas shop at Tesco regardless so it makes good business sense. |
Fury at new Labour 'grocery tax' that will add £56 to shopping bills
Defra's impact assessment suggests EPR will push retail costs up by £1.4 billion in its first year. |
My fellow podcastaway and myself have just released our latest episode covering Tesco, which I have held for 20 years and added to in April at £2.90 |
Added a few this morning.
The interest rate news out of the US for 2025 has spooked everyone but I think it has opened up a buying opportunity for a few high quality companies. This is one I feel as it's clearly a market leader and can break 380 before too long in my opinion.
Good luck all 👍🏻 |
A welcome to Chris Kennedy. |
Well balance must be achieved or customers will go elsewhere.
At the moment though TSCO seems to be doing alright. |
"The fact is that people in business and finance cannot be trusted to balance their own interests against those of their customers. If they see an opportunity to rip you off, they will take it. During the cost of living crisis, Tesco profits doubled and British Gas profits went up an astounding 943%! Our crisis was their profiteering bonanza".
The Daily Mail
Bah humbug! Supermarkets accused of 'greedflation' after analysis by the Mail reveals shops are hiking prices of popular Christmas treats well above the rate of inflation |
Tesco Poised for Strong Holiday Performance Despite Economic Concerns
As Christmas 2024 approaches, analysts are predicting a robust festive sales performance for Tesco, driven by the retailer’s strategic focus on value and quality. The supermarket has seen solid results in its Q3 report, which indicates growth even in the face of economic uncertainty. With many shoppers seeking value amidst ongoing financial pressures, Tesco’s offering of affordable yet quality products has positioned it well for the holiday season. |
Incidentally Tescobank (now Barclays owned) have the cheque scanning facility also. |
Follow up second buy recommendation in Tempus column in Times today even though the shares have risen 35% since the original recommendation in April. |
Great numbers for Tesco.
Retailers line up for the Christmas run in
Britain’s largest grocer Tesco achieved its highest market share since December 2017 at 28.1%, up from 27.4% in 2023. Its sales grew by 5.2%. Sainsbury’s share increased by 0.3 percentage points to 15.9%, and spending through its tills was 4.7% higher than last year. The UK’s two biggest grocers now have a combined market share of 44%. |
UK supermarket sales set to top £13bn in December
UK supermarket sales are set to surpass £13bn in December for the first time, according to fresh data from Kantar on Tuesday, as shoppers geared up for the Christmas season.
Grocery spending over the four weeks to 1 December increased 2.5%, the industry data specialist said, with robust demand for premium lines and festive essentials. |
If you have a first direct account you can pay in a check to your account by photoing it with your phone |
The Bovaer issue for information only.
'Arla, a major force in the dairy market, supplies household brands like Lurpak, Anchor, Cravendale, Lactofree, and Castello. They secured a net profit of €167 million just in the first half of 2024, underscoring their dominance of the market.'
'The uncertainty is also underlined by a lesser volume of available milk on a global level. '
Is this deliberate or a natural occurance I ask myself?
Pigs similar?
An informative thread on the subject at first glance.
DYOR
IMO |
 It's understandable that they don't want to take cheques. The banks make dealing with cheques for small businesses too dificult and expensive as they don't want to deal with them - assuming you can even get to an open branch to pay them in.
Refusing cash is slightly less understandable, though there are security concerns plus the hassle of dealing with change.
These days everyone is moving towards using the little contactless payment devices rather than cash, which is generally fine provided they have mobile data available, which whilst much better nowadays is still often an issue. Also means big brother can track your every move. Whilst I do still always have a reasonable amount of cash in my wallet I rarely use it, Instead I have one account that I only use for contactless payments that would previously have been cash (mainly down the pub or very small purchases) credit card for larger purchases (groceries and petrol) and my main current account generally only gets used for direct debits and moving money between different accounts (including cash withdrawals). |
Leaders
I'd love to take milk from the local farmer but they wont accepts cheques.
We used to have the milk delivered for 10 years or so (always paid by cheque on time)
I wont do direct debits unless absolutely necessary as EVERYONE and their dog wants you to sign up to them, charities knocking on your doorstep especially.
Cash, or cheque.
Dont accept either, no business coming your way. |
You'll find that's changing and I have stopped buying milk from any supermarket not just Tesco... and now having ny milk delivered to my doorstep therefore supporting independent farmers. FSA need to get there fingers out of there backsides and do something about the animal additive being used to cut methane levels. |
Indeed Ladeside.
Why trust those who have proved themselves untrustworthy?
They will keep trying to point to social media as the evil but through that we have found out some ugly truths, sometimes.
IMO |
Personally I'm past the stage of giving a toss about what disease eating or drinking X, y or z could cause as something will get us one way or another. Given past records of Governments and the need for ever increased profit from the private sector, I'm also 100% sure that there's LOTS of skeletons in the cupboard that we don't know about and will unlikely ever know about until the damage is already done. Trust in Governments and big business is at an all time low and for good reason but the likes of Tesco will continue to be a good bet and will adapt if need be. |
It's the Government and most of the dairy sector that will take the hit as opposed to the supermarkets as people will still purchase products one way or another. Its also not really been publicised or seized upon by mainstream media so unlikely to have to much of an impact at the moment. |
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