Tesco Share Discussion Threads

[neilyb675] 06/6/2017 19:28

Every little helps, LOL 😁

[vaneric1] 06/6/2017 17:30

I ran such a shop for sixteen years, as soon as the supermarket opened two miles away and offered stuff a penny cheaper all my custom disappeared.

I was called a 'bloody profiteer' by one guy because my bread was a half penny dearer than the supermarket, he drove his two litre car on a four mile round trip to save that half penny.

I can just imagine today's housewives waiting in a long queue while the shopkeeper slices a couple of rashers of bacon and a quarter pound of cheese for granny Bloggs.

[ignoble] 06/6/2017 14:06

Works for me
We are fortunate to be within walking distance of our local shops.
Wife bought a basket on wheels to make local purchase easier.
Quite nice really ...have a coffee whilst out
Very civilised

[smartypants] 06/6/2017 13:59

Who could disagree
Its a massive inconvieniance having one big store that has every thing you need under one roof..things that you forgot you needed, and things you don't need but want..
It can be exhausting just walking accross the huge free car parks.
Its about time they made stores smaller, have them just stock the basics that you need from day to day
They could even put them on the corner of your local street, save you driving..just a walk away...can't see any one complaining if the prices were a little bit higher, but if say they convieniantly opened from maybe 9 in the morning to 5.30 at night.. they could be called...Corner Shops
No..silly idea, that could never work.

[tim 3] 06/6/2017 10:38

Very true I find it a real pain having to waste time going round a massive store to find things you need.

[ignoble] 06/6/2017 10:35

In time , the larger supermarket stores will turn into mini shopping malls.
Aldi seem to boom with stores that are much ,much smaller than the big boys
Wife is an Aldi convert ...likes the smaller layout , in and out quickly plus less of an impulse to impulse buy.

[smartypants] 06/6/2017 10:30

The seasonally adjusted volume of retail trade rose by 0.1% in the euro area and by 0.5% in the whole European Union (EU28) in April compared to the previous month.

The largest rise in retail sales was recorded in the United Kingdom, up 2.8%.

[tim 3] 06/6/2017 10:24

Bottom line the trend towards internet shopping and using "locals" means the larger stores are too big,if they were building them now they would be much smaller.This leaves them with a problem and a good way of addressing this is opening concessions within them.The challenge however is getting it to work.Sainsburys, imo pulled of a masterstroke buying Argos which will not only help address the space issue but also strengthen their internet side and bring more customers instore to buy groceries at the same time.The Dixons tie up here I am not so sure about but it is certainly worth trialling as it has the potential to work.However will probably be a while before it makes any difference to overall sales/profits.

[kendonagasaki] 05/6/2017 23:15

Just wait for results day!Im sure you you will not be displeased with the results imo.?

[vaneric1] 05/6/2017 13:38

Where did you get that Kendo, I read only that the investigation into the auditors Price Waterhouse had ended.

[kendonagasaki] 05/6/2017 13:16

Well at least some positive news at last. All further investigations are to cease in regards to Tesco.Hopefully they can now move on build that integriry back into thier business model and build on the current positive sales momentum!

[vaneric1] 05/6/2017 11:30

It's pretty simple capeview, you rent out the space and take a cut of the sales margins, you have their staff qualified in what they're selling and there are no stocking costs, shrinkage or wages, sick pay, pensions costs to consider.

For the Dixons Group their upside is footfall, customers who wouldn't necessarily enter their own shops become passing trade with all the temptations of impulse purchases as they go about their grocery shopping.

[capeview] 05/6/2017 10:58

I go to Tesco for my Groceries, I don't go there for Electronic equipment because I shop elsewhere for that stuff. I just want my Grocery stores to be grocery stores. I vary rarely buy any films, books, magazines, homewares etc from any grocery store because more often than not they are cheaper elsewhere and that is when I shop for them.

I understand why they have these types of sections in there stores, but I don't visit the Extra stores because they are piled high and the shopping experience is awful. There is a real lack of feeling in those stores and it turns me off going to that type of tesco store. Then again, I suppose there will be types that do go there.

I'm just not sure it benefits the company, and PCWorld/Currys isn't cheaper than elsewhere so what would the benefit be. Richer Sounds does better deals and the staff are more knowledgeable, and if you want to save money shopping online is far easier. Only reason I ever use Currys/PC World is to check out the hardware but I rarely if ever buy from them.

[nathdani] 05/6/2017 07:52

That and they have too much space in their extra stores ,every section has a target for takings per hour grocery and fresh food are ok but homeware and a few other areas lags.

[tim 3] 04/6/2017 13:28

Maybe they are seeing the benefits of the Argos/Sainsburys merger which is already paying dividends.

[kendonagasaki] 01/6/2017 09:53

Yes but i hear sales are also growing here at Tesco too.LFL increse due.Need to see profit number though?

[anony mous] 31/5/2017 14:29

2 hrs ago BBC NewsSales at Aldi and Lidl have grown at their fastest rate in more than two years as the discounters opened new stores and passed on price rises to consumers, new research shows. The two retailers' combined sales rose almost 20% in the 12 weeks to 21 May compared with the same period last year, Kantar Worldpanel said.

[toon1966] 31/5/2017 13:18

It's lifted from thisismoney.co.uk. No surprise the CMA will review the tie up, don't want to upset the German competition....

[vaneric1] 31/5/2017 11:06

Where did you lift that story form logan? I only ask because of its seeming bias against the deal.

[loganair] 31/5/2017 09:31

The Competition and Markets Authority yesterday said it will review the tie-up between Britain’s biggest grocer and the wholesale supplier to thousands of convenience stores and restaurants.

Bosses of the two firms have promised that the proposed merger, which was announced in January, will spur huge growth for the enlarged company, but it has been criticised by some independent shopkeepers who are worried it will give Tesco greater muscle in setting prices and push other suppliers out of the market.

Now shareholders, rivals, customers and other interested parties have been asked to submit their views before the CMA decides whether to rubber-stamp the deal or investigate further.

The CMA said this initial investigation would run until July 25, with interested parties given until June 13 to comment.

It added: ‘During this period, the CMA will assess whether the deal could reduce competition and choice for shoppers and other customers, such as stores currently supplied by Booker.’

Tesco shares fell 0.8 per cent, or 1.45p, to 185.35p in the wake of the CMA announcement, while Booker closed down 1 per cent, or 2.1p, at 200.6p.

Tesco sees the deal as a way to take advantage of the growing number of people who are choosing to eat out instead of cooking at home.

It has also said customers will be able to shop for professional restaurant ingredients and equipment in stores, the enlarged group would have greater buying power and they could share a delivery network.

However it has come up against opposition, including from within Tesco boss Dave Lewis’s inner circle.

Non-executive director Richard Cousins quit the board in protest, and there was even a suggestion that Tesco chairman John Allan considered the deal was inappropriate given that it came so soon after the grocer’s inflated profits scandal.

Others are concerned it will harm competition in the sector.

Earlier this month, rival cash and carry group Bestway claimed the deal should “sound alarm bells for independent retailers”. A survey of more than 2,500 independent retailers, of whom 62% were Booker customers, found just 11% were in favour of the merger.

Booker has 125,000 retailers on its books, including about 5,400 stores under its own network, such as Premier, Londis and Budgens.

Tesco owns almost 2,500 convenience stores under its Express and One Stop brands.
Two leading investors have called for the merger to be abandoned.

But Lewis, who was parachuted in from Unilever in 2014 to overhaul the grocer, has insisted it will help Tesco make savings of at least £175million a year.

After the initial investigation, the CMA could wave the deal through, ask Tesco and Booker to offer concessions or refer the deal for a more detailed probe which could last 24 weeks.

Most analysts see a referral for further scrutiny as inevitable.

[wynmck] 30/5/2017 07:55

former exec's are in court today

[bazzerhino] 28/5/2017 14:37

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[ignoble] 28/5/2017 09:23

I would have thought that it takes more than 25 people to build a hotel
LOL