Tesco Share Discussion Threads

[vaneric1] 15/8/2017 08:56

Nisa going to the Co-op would be more of a problem here, the Co-op already have a near monopoly in the area having already taken ownership of the small local convenience store and the former Dillon's shop (closed and left empty for years)

Planning permissions granted for other supermarkets have been blocked by the Co-op going to court with legal technicality challenges costing the council/local taxpayers thousands in court fees.

There are calls locally to boycott the Co-op but there's hardly anywhere else for the shoppers to go.

[philanderer] 14/8/2017 20:42

'Sainsbury's delays Nisa deal on Tesco Booker concerns'

[tenapen] 14/8/2017 14:57

Just waiting for the Booker deal to be announced, now the noise as gone.

Nice.

[anony mous] 14/8/2017 14:02

Stuck around 1.77(yawn)

[anony mous] 10/8/2017 21:20

She must work at Tesco then.Lol

[fangorn2] 10/8/2017 20:50

No excuse for lack of manners whether she was on the phone or not

No effort to say a "Good morning " back swiftly

[losos] 10/8/2017 15:38

vaneric1 - "Everywhere idiots wandering round with a phone glued to their ear."

And not always glued to their ear, when out walking my dogs recently I met a woman comming towards me, in our part of the world it's normal to exchange a greeting so I said "Good morning" only to be told "I'm on the phone" she had the dam thing in her hand, arm straight down, how the hell is one supposed to know she's on the phone grrrr.

[philanderer] 10/8/2017 12:33

'How does Tesco save £200m per year? Through energy efficiency'

[vaneric1] 08/8/2017 08:47

I think an awful lot of money could be saved by families if they dumped their totally unnecessary mobile phone contracts.

Everywhere idiots wandering round with a phone glued to their ear.

[philanderer] 08/8/2017 00:29

Shoppers cut back to make sure they can afford the essentials


Higher prices are forcing British families to spend more on food and cut back elsewhere, as imported inflation starts to bite.

Spending on food increased by 1.4pc in the three months to July compared with the same month a year ago, but expenditure on other items fell by 0.4pc, the British Retail Consortium (BRC) said.

Families chopped back their spending on clothing, jewellery and watches, household appliances, toys and baby equipment, and health and beauty products.

But they did increase spending on home accessories, furniture and food.

[philanderer] 07/8/2017 10:10

Tesco replaces single use carrier bags with new ‘Bag for Life’ that will fund community projects across the UK

[loganair] 03/8/2017 18:18

Asda has revealed a lacklustre set of full-year figures for 2016, as profits collapsed and the supermarket failed to stem falling sales.

The Walmart-owned company’s like-for-like sales were down 5.7 per cent in 2016 compared with a year earlier, while profits sank 19 per cent to £791.7m, annual accounts filed at Companies House show.

Asda also reported an operating cashflow of £1.41bn, an increase of 8%, and said a dividend of £450m was paid to Walmart.

Low-cost Asda has been hit hardest by the rise of discount rivals Aldi and Lidl, and has also failed to make headway into the convenience sector, which has grown strongly as large-store sales have stalled.

While shoppers can buy Asda food over the internet, the supermarket has been hit harder than most because it refuses to join rivals in opening smaller stores.

Asda again has been affected more than the others because its biggest point of difference was price, something that has been cannibalised in recent years with the low-cost operators. Asda has been too slow in responding to that competition, at a time when its arch rival Tesco has managed to turn its business around.

As a result, the supermarket chain has reported 11 consecutive quarterly falls in sales.

Asda’s market share fell 0.9 per cent to 15.7 per cent in 2016, according to data company Kantar. Last August, Asda posted its worst ever quarterly sales fall of 7.5 per cent.

While for a time all the so-called "big four" grocers were shedding customers - and Tesco and Morrisons were suffering some self-inflicted wounds - only Asda appears not to have turned a corner.

"Asda’s 'we’re the cheapest schtick' started to fail when Aldi and Lidl reached critical mass and people woke up to the fact that they’re cheaper still," says James Moore.

Tom Berry, retail analyst at GlobalData, said: "Asda has chosen to focus on price rather than range and in-store experience, which has clearly been the wrong strategy.

"Asda has been flailing without direction for too long, and a comprehensive plan is needed if it is to survive in the highly competitive UK grocery market."

Retail Remedy's Phil Dorrell, a former marketing chief at Asda, added: "It is not changing significantly or fast enough to pull around the results. It did not get its proposition right."

The grocer had reportedly been lining up a £4bn+ bid for successful non-food retailer B&M, but Moore says that is now looking less likely after the discount store announced it had its own acquisition: the £152m buyout of Heron Foods.

That has moved B&M into food retail - and " leaves Asda furiously cutting prices in an attempt to compete".

[philanderer] 03/8/2017 17:03

'Why Tesco plc is one of my top buys for a Footsie-focused portfolio'

[chinese investor] 03/8/2017 15:47

Good Recovery !

[xc1] 02/8/2017 18:04

Price broke out the long established descending lines today.

I'm not a holder......yet.

GL all.

[philanderer] 02/8/2017 17:41

Flat day for the portfolio , TSCO the best one for me today :-)

[cocker] 02/8/2017 12:31

Did McCoy's use booker?

[philanderer] 02/8/2017 12:02

2nd aug Goldmans 'sell' tp 153p up from 150p

[smartypants] 01/8/2017 09:06

Morrisons to become sole UK wholesale supply partner for McColl's.
Morrisons is pleased to announce a major new, long-term wholesale supply initiative with McColl's, which will take wholesale supply sales to more than GBP1bn in due course.

Morrisons is to start supplying both Safeway products and national brands to 1,300 McColl's convenience shops and 350 newsagents across the UK(1) . The new partnership will replace all McColl's existing supply arrangements in time.

Morrisons will supply McColl's shops, with a phased programme starting in January 2018. By the end of 2018, we expect total annualised wholesale sales to all our partners to be in excess of GBP700m (inc. tobacco). We expect this new initiative to make an initial profit contribution in 2018/19, and increase thereafter.

[philanderer] 31/7/2017 23:52

'Ripples from Tesco's Booker deal are already being felt - but it is Sainsbury's which has to make its move'

[nortic 007] 31/7/2017 18:45

Worth remembering .

[tenapen] 31/7/2017 18:25

Very good Bigear :-)

[cocker] 31/7/2017 17:01

Brilliant big ear

[prambigear] 31/7/2017 14:46

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. Promise a man someone else's fish and he'll vote for you." - The Labour party.