Tesco Share Discussion Threads

[konradpuss] 18/3/2020 21:26

Mallys, the Guardian says food retailers are lumped in with the hospitality industry getting a year of paying no UBR on a 'neutral' reading of what the Chancellor said yesterday.

I am not sure.

If the Guardian is right that is a big bottom line fillip to Tesco and the other members of the 'big four'.

[rolo7] 18/3/2020 21:25

They might not be able to sell off their Asia business in this crisis?!

[mallys83] 18/3/2020 21:11

Supermarkets stripped bare. Everything selling out. Yet Tesco share price just goes up 1.2% something ain't right. Should have gone up 12% not 1.2%

[supermarky] 18/3/2020 20:35

glad I have tesco shares. surely they must be making a killing at the moment

[badtime] 18/3/2020 20:27

Would someone who works in the factory making meals etc etc be considered a key worker.....how wide will eventually that definition be

[yf23_1] 18/3/2020 19:41

UK schools to close after Friday, but still open for 'key' worker's children.

Would a Tesco worker be a key worker in order to put food on the shelves ?

[vaneric1] 18/3/2020 18:05

Mid week, the day traders are playing, having a ball, Friday close will tell what's really happening

[krutt] 18/3/2020 18:00

I think we will start to see a rebound for stocks that are doing well out of this crisis i.e Supermarkets, home entertainment, health services providers.

[deanforester] 18/3/2020 17:51

Message from Dave Lewis this afternoon:

It is fair to say that we find ourselves in uncharted waters. COVID-19 is bringing a change to the UK and it’s clear that lots of things are going to have to shift around in order to help us cope.

At Tesco, we have been doing everything we can to keep business as usual, but we now have to accept it is not business as usual. In the last two weeks, we have seen significant and prolonged increases in demand across all of our stores and this is leading to shortages in some products for some customers.

Reacting to the latest government announcements, we have to plan on this situation being the new normal and we will do all that we can to make the food you want available, but we need your help.

In order to protect the core shopping essentials, we are going to implement some changes in our stores. The changes are designed to simplify what we do so that we can provide more of what people need in a clean and safe environment. We ask for your understanding and your support.

>From Thursday 19 March we will start to implement the following changes:

To ensure more people have access to everyday essentials, we are introducing a storewide restriction of only 3 items per customer on every product line, and removing multi-buy promotions.
In order to allow Tesco colleagues to focus on stocking shelves, helping to provide the essential groceries you are looking for and to avoid waste, we will close all meat, fish, deli counters and salad bars.
To be able to ensure our stores are clean, that we can replenish stock, and allow our colleagues to rest, we will change our trading hours with all stores closing at 10pm.
To ensure we are doing everything possible to reduce the risk of infection for both our customers and colleagues, we will be introducing some distancing measures at the checkout and, to make it swifter, invite customers who can, to pay by card.
To help free up slots for the more vulnerable, such as our elderly customers and those who are self-isolating, we are encouraging customers who shop online or choose Click+Collect for their grocery home shopping, to prioritise shopping in-store where possible.
To ensure our more vulnerable and elderly customers can shop in-store, we will prioritise one hour every Monday, Wednesday and Friday morning between 9-10am (except in our Express stores) and ask that you respect this.

Tesco store colleagues can't work from home and a good number of them will need to respond to personal or family challenges connected with dealing with COVID-19. So we would please ask that you understand the challenging environment in which we are all working. If you do go in-store and want to say thank you, then I'm sure they'd appreciate it.

So, if you could help us by limiting demand of essential items and allowing us to focus on the core needs of our customers – we are confident that we can continue to feed the nation. We are delivering food daily to our stores, but this is a very challenging time and we will only get through this if we work together.

Thank you for your support.

Dave Lewis
Tesco CEO

[mallys83] 18/3/2020 16:57

What do you think the share price will get to tomorrow?

[vaneric1] 18/3/2020 16:16

It's also on the Tesco RNS on my screen

[mallys83] 18/3/2020 15:40

Rate relief is for all retail, leisure and hospitality. It's on Sainsbury's rns if you read it.

[konradpuss] 18/3/2020 15:35

Phil, are you correct? I think it was only for hospitality, the 100% one year relief.

[philanderer] 18/3/2020 15:19

Chancellor said on Tuesday that the government would be giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next year.

[andyview] 18/3/2020 14:58

Looking strong today and due a rise up from here...as with the other supermarkets today.

busy times ahead

[paleje] 18/3/2020 12:49

Thought there might have been a read-across from Morrisons positive statement this morning although you can see with your own eyes just by walking into store that sales are strong. My son works for Waitrose and they are reporting 50%+ weekly sales increases across the board. I don't think it will slacken much because of pub restuarant hotel slowdowns, but the supers will get better at dealing with it.

[mallys83] 18/3/2020 11:40

Sainsbury's is making massive huge profits just now. My friend works there. I think I could see £3 a share in 2 months time with them. All supermarkets are doing good though to be honest

[ozzmosiz] 18/3/2020 11:37

Food will go off. They will have to buy more.People are buying some food the will not use

[ladeside] 18/3/2020 09:08

Tesco is coining it in at the moment. The big problem is keeping up, as the stock goes almost the moment it's delivered.

It's the supply chain that we need to worry about as opposed to the actual store shelves.....

[nathdani] 18/3/2020 08:30

Just got back from a top up (got every thing)it is crazy my old work mate said the cages on shop floor are tonight delivery goodness knows how it will look tomorrow.

[chinese investor] 18/3/2020 08:07

The outlook is not great !

[peteret] 17/3/2020 23:38

My wife works in a Tesco superstore and not one person is off with the virus.Sales are massive. Morrisons reporting tomorrow should give some idea of volumes

[tim 3] 17/3/2020 21:44

I dont think there is any doubt sales are massively up the question however is will it be sustainable with staff shortages, possible stock shortages and longer term people not buying while they use their stock pile.

[badgeman] 17/3/2020 21:32

I spoke to a staff member in a Superstore today- told me sales in his branch were up by 70K a day since this panic buying started last week.

[yf23_1] 17/3/2020 18:18

Annoying today, lots of stuff just dumped on the shelves in the wrong place after being chosen.
Some woman wanted to know what the difference was between some rubber gloves (after asking if we had any without even bothering to look).
How the hell should I know ? Why doesn't she read the bloody box ?
Do I look like I'm an expert in protective appareil ?

And at the tills, don't hand me your clubcard, I don't want to touch it - its self-scan or hold it while I scan it.