Tesco Share Discussion Threads

[konradpuss] 27/4/2020 11:12

Logan, they put the one way system into my Tesco (Extra) over a month ago.

I don't buy cereal so I have not noticed the lack or otherwise.

I did notice the frozen isles were low, so just confirming what you have found.

There is always a twenty minute queue around the car park.

I have a view that people might have fallen back in love with the ease of parking and range at the Tesco Extras. I have.

I do think when things get back to the new 'normal' the low costers might again see there market share (excluding new openings) tick up.

Tesco are probably in the best position to counter this out of the big four.

I might be wrong, time will tell.

[loganair] 27/4/2020 10:53

Just popped into my local Tesco. Over the weekend it introduced a one-way system round the store, typical of my local Tesco, 1 month behind the other Tesco's and at the back end of the lock down.

The cereal situation at Tesco has become so dire, I'm having to revert to my winter porridge. Also still very little in the frozen food department, especially when it comes to the fish.

[nathdani] 24/4/2020 15:11

Lockdown started 23rd march panic buying early march so of course food sales will be up ,interested to see how april goes .

[alibx11] 24/4/2020 08:19

Supermarkets weathering the storm ok so far....

ONS retail sales figures out today...

The weight to retail sales inquiry (RSI) shows the amount of money typically spent in food stores for every pound. For example, more money is spent in supermarkets as consumers spend around 35.3 pence in every pound within these stores.

For alcohol stores, only 0.7 pence in every pound is typically spent in these stores, with many consumers opting to purchase their alcohol in supermarket stores.

Supermarket stores saw a strong increase in volume sales at 10.3%, while alcohol store sales soared at 31.4% in volume terms. However, alcohol sales can be more volatile for month-on-month growth rates.

In March 2020, the value for food, household goods and other non-food items all increased sales on the month by 15.3%, 18.0% and 16.4% respectively, showing strong growths when compared with the previous year (at 3.3%, 1.0% and 4.2% respectively).

In contrast, clothing items declined dramatically in March 2020 at negative 28.4% in comparison with a moderate increase of 3.3% in March 2019. Consumers appeared to be focusing on essential purchases to stockpile (Table 3), with clothing suffering as a result.

In March 2020, with imposed travel restrictions during the coronavirus pandemic and an average of 48% of the workforce across all industries survey in Business Impact of Coronavirus (COVID-19) Survey (BICS), the value and volume of fuel sales fell sharply with a monthly decreases of 22.1% and 18.9% respectively.

Online sales also up... so food, alcohol and online sales up... clothes and fuel down...

[kazuko] 23/4/2020 19:48

Tesco: HSBC reiterates buy with a target price of 280p.(Broker round-up)

[konradpuss] 23/4/2020 14:47

Toon, and then you need to subtract the circa £700 million of UBR (Unified Business Rates) they will not pay this year. Let's have a level playing field.

[loganair] 23/4/2020 14:42

Where I live, any body who passes away must be tested for the coronavirus and has been found that 74% of all coronavirus deaths are occurring in nursing homes.

Also more woman have been found to have the coronavrius then men and more in the 18 to 34 age group have been found to have the virus then any other age group.

[loganair] 23/4/2020 12:43

Limiting customers at my local Tesco is not limiting their revenue.

What it seems to be doing is there are no longer 5 customers queued at each till. All limiting the number of customers in the store has done is to stop the 20 minutes queue at check-out, whether it be at the manned check-out of self-service tills.

It has also made Tesco a very pleasant place to shop, no longer bum fights trying to get through crowded isles therefore once in the store customers are able to do their shop in half the time.

Personally I hope these restrictions in limiting the number of customers in store at any one time remains in place for years to come.

[toon1966] 23/4/2020 12:29

Johnwise or maybe johnnotsowise you may want to know Tesco have made a provision of upto £900 million for additional costs surrounding their virus response. This includes employing 45000 additional staff and they are not the only grocer who is limiting the number of customers at any one time.

[loganair] 23/4/2020 11:58

There is no one way system in my local Tesco, just one way in to the store with a different way out. Once in the store can walk any way round one likes.

What seems to be happening is the usual, one set of staff stacking shelves, while a second set of staff go to the very same shelves put these very same items into green bins for home delivery - no change there then...

[johnwise] 23/4/2020 11:37

The Chinese virus must be costing Tesco considerable expenditure £ . Slowly only allowing one customer at a time into the store foot count substantially down, plus extra staff to patrol the in store one way system,

[panshanger1] 23/4/2020 10:11

Thanks for posting

[philanderer] 23/4/2020 10:09

Shore Capital: limited upside at Tesco

Supermarkets may be benefiting from the coronavirus restrictions but Shore Capital says there is little upside for Tesco (TSCO) shares.

Analyst Clive Black retained his ‘hold’ recommendation on the shares, which rose 1.9% to 238p yesterday.

He said he struggled ‘to see Tesco’s shares notably breaking out of its trading range on the upside’ but expects ‘the mood music around Tesco’s equity to improve through the late spring and summer months as lockdown eases and the business functions more across the board’.

This includes Booker’s catering arm getting back on track as well as turning around the weakness in general merchandising and clothing.

‘That said, a UK recession will not be irrelevant to Tesco, or the rest of the grocery trade, albeit it should outperform the retail and food and beverage segments in general by some margin,’ said Black.

[tim 3] 22/4/2020 20:41

Use that as well but Apple pay has much higher limits.

[toon1966] 22/4/2020 20:32

What about contactless Tim?

[4spiel] 22/4/2020 20:24

23939 what a lousy shop Morrisons now. Big space so expensive and trying to pay their service is awful Better value in Marks and Sparks

[tim 3] 22/4/2020 17:46

Not used the hand helds at Tesco but the Sainsburys app is brilliant use it all the time no queues no need to touch keypads or anything when paying by Apple Pay.I have only spent cash once in 2 weeks for some fish and chips ;)

[loganair] 22/4/2020 17:22

At my local Tesco, delivery arrives around 06.00 in the morning.

Popped in at 08.30 then 5 days later at 10.00, both times very low when it comes to both cereal and frozen foods, both only at around 25% of normal.

I also seem to be the only person using the self service check-outs, swiping each item through separately. Most popular seems to be the normal manned tills, also very few people are using the hand held peep-peep machines.

[tim 3] 22/4/2020 16:40

Yes most things back to normal stock now a few exceptions like some canned foods and flour.

[alphorn] 22/4/2020 15:33

Did my weekly supermarket shop today in Switzerland. What I did notice is that only the younger (max 40) staff are around. A full team. I can only guess that the older staff are being rested at home. A good approach; certainly thoughtful?
Fully stocked btw.

[panshanger1] 22/4/2020 14:36

At least you have visibility on sales and earnings with a secure dividend Can't say that about many companies in the FTSE - as ever DYORGLA