Tesco Share Discussion Threads

[konradpuss] 23/3/2020 14:26

I wonder what the saving this year will be for Tesco in respect of not paying their UBR (unified business rates)?

[vaneric1] 23/3/2020 14:13

My top up at Tesco this morning, got everything I wanted but a good job I didn't need bog rolls, eggs or beer.

[ladeside] 23/3/2020 14:09

People still need to eat, those who would normally go to a restaurant now need to eat at home, as such the net differential should really be negligible not to mention that people are panic buying and hoarding which is putting a further strain on already decimated supply chains.

Shipping is a problem, shipping containers are a problem and every country is putting restrictions on their exports of various produce, hence the reason that product lines have been cut dramatically.

It really is grim stuff when you have a better idea of what's actually happening.....

[alex1621] 23/3/2020 12:43

And will they make up for these losses through increased supermarket sales?

[konradpuss] 23/3/2020 10:58

Sweep, I think Booker is good in parts. The Cash and Carry outlets will be fine (he says hopefully!) the deliveries to catering outlets probably well down.

[sooty snipes] 23/3/2020 10:21

Would Bookers be a drag on Tesco? They supply the catering/hospitality sector which has effectively been put out of business. Just a thought

[ladeside] 23/3/2020 09:38

Tesco holding up very well considering the FTSE is being absolutely slaughtered again.

[andyview] 23/3/2020 09:07

I’ve panicked bought all the supermarkets this morning, surely a safeish haven in amongst the wider market..

Gla and stay safe

[pogue] 23/3/2020 08:56

I share your thoughts albert so why is Tesco trying to go down today?
Looking at buying back a load here.

[albert3591] 23/3/2020 08:22

I think any of the supermarket stocks are nobrainers to buy at the moment.

[konradpuss] 22/3/2020 14:58

Logan, I guess we have to factor in Booker not delivering to restaurants, however their cash and carry sheds are, I understand very busy.

[deanforester] 22/3/2020 11:21

Fairly good shopping in our local Tesco yesterday morning at 8am, which is my normal time. Nobody order picking, so the aisles were less congested. Almost everything on my shopping list was available, in one form or another. Social distancing enforced at the checkout. There appeared to have been an earlier rush, as the checkouts were busy when I arrived, less so when I left and was able to move straight on to a conveyor.

[loganair] 22/3/2020 09:13

I have trying to work out a rough estimate of how much extra spend there will be in the supermarkets because of:

1. People working from home so not having lunch out.
2. Kids not at school so not having school lunches.
3. All the retail and hospitality workers now at home because their places of work have shut so not eating lunch out.
4. People not being able to go out in the evenings and weekends to pubs and restaurants etc.


I reckon about £400mln per week, £1.6bln per month extra is going to be needed to be spent in the supermarkets because of the above.

[supertag] 22/3/2020 07:51

Well done to Tesco bosses awarding the staff with a 10% bonus to cover all the extra effort they have been putting in to try and keep the shelves stocked!

[vaneric1] 21/3/2020 18:14

It has to even out, there's only so much room in the hoarder's freezers and pantries.

I think the next complaint will be that the recyclers can't manage the amount of food waste that's going to get chucked out by these morons.

[scobak] 21/3/2020 18:01

went into tesco oldies hour. One of the problems is that younger relatives are getting
the pensioners to buy stock for them. Several people have let that one slip.
So.... today went in after the pensioners had been in. Found store to be quieter and more civilized just like it used to be a mere month ago. And I got my milk, bread fruit and veg.
This may be just in my neck of the woods but expect it will be similar to elsewhere.

[carpingtris] 21/3/2020 17:58

And I hold Tesco shares and am pleased at least they wipe down trolleys and baskets between customers! Better than other shops!

[carpingtris] 21/3/2020 17:57

I'm classed as a key worker and may end up working 12hr shifts 7 days a week worst case... my problem is when I finish work the shops are empty?

And I have a problem with this elderly hour.. who is serving them and what are the safe guards? ill people at the till? Apparently 20 particles of virus is all it takes.

Wish people would take this more seriously.

[johnwise] 21/3/2020 16:29

The problem is that the government's plan around self isolation does nothing to reassure any of us about food supply in the coming months. With illness It could cease completely. If you don't panic buy you end up potentially starving.

VIDEO

[ignoble] 21/3/2020 11:36

Back from local Tesco
Car park maybe 20% full

Good supply of fruit and veg, picked up Tuna but no more than our usual shop.
Obviously, no stock of certain things but not at all bad.

Appears Sanity is creeping back, hopefilly

[loganair] 21/3/2020 11:36

Tesco in particular was badly hit by selfish shoppers as when its elderly hour started at 9am, many shelves had already been cleared out by panicked customers who had begun ransacking stock at 6am.