Tesco Share Discussion Threads

[konradpuss] 05/10/2022 07:22

Interims confirm the the co. will be within the profits guidance for full year, however at the lower end. Good results in the circumstances.

Much, much better than Morrisons.

[unastubbs] 05/10/2022 06:07

phew...that's cleared that up!

[johnwise] 04/10/2022 20:43

Liz Truss is facing a Cabinet revolt as well as backlash from Tory MPs over her plan to cut benefits in real terms..

Now that the Government has destroyed the economy, a classic Tory media trick is to demonise a group, usually poor and/or vulnerable, so that the group can be shafted and everyone agreeing they deserved to be shafted. Actually do a little research and see how much you would be entitled to if you had say a health problem,disabled, Unable to work. You will be shocked about how little £ you would get to survive...

Maidstone homeless figures jump by 80% amid cost of living crisis

[loganair] 04/10/2022 16:17

If Aldi store opening plan comes to fruition it seems to me reasonable to say by 2025 will give them somewhere around 11.5% to 12% market share which is between 2.2% and 2.7% higher than it is today.

[loganair] 04/10/2022 15:59

After recently being confirmed as the UK’s fourth-largest supermarket, Aldi has revealed where it is still looking to open new stores.

In its recent annual trading update, the supermarket, which has over 970 stores, said it had plans in place to open 16 more in the UK before the end of the year as it works towards its target of 1,200 outlets by 2025.

The areas where Aldi is still looking to bring new stores include cities like Bath and Birmingham, as well as smaller towns such as Penzance and Maidenhead.

Aldi stated that it is searching for freehold town-centre or edge-of-centre sites suitable for property development. The site should be able to accommodate a 20,000 sq. ft. store, located near a main road.

Aldi is also investing in the development of new and expanded distribution centres, which includes new sites in Bedford and Leicestershire.

With Aldi making market share gains as the cost-of-living crisis worsens, Giles Hurley, the discounter’s Chief Executive for UK and Ireland, said: “Independent research shows our discount is as compelling as ever and that’s why more and more people are switching to Aldi. We will do whatever it takes to maintain our discount to the traditional full price supermarkets and keep grocery prices as low as possible for the millions of customers that shop with Aldi.”

Some of the areas Aldi is targeting for new stores:

South East – Caversham, Farnham, Maidenhead and Worthing
South West – Bath, Teignmouth and Penzance
West Midlands – Birmingham, Coventry and Warwick
East Midlands – Chesterfield, Leicester and Derby
East of England – Cheshunt, Brentwood and Rayleigh
North West – Warrington, West Didsbury and Formby
North East – Newcastle upon Tyne and Sunderland
Yorkshire – Harrogate, Otley and York
Scotland – Cathcart, Bonnyrigg and Ladysmill
Wales – Barry and Chepstow


Aldi is made for the current climate…(Like Lidl).

Those suppliers playing catch-up (or even start-up) with Aldi……now have a superb opportunity to tailor offerings by new Aldi location as a way into closer involvement.

[loganair] 04/10/2022 15:38

When pensions first came out, the average person in Britain didn't even reach pension age whereas today most Britons live 18 years after they first start receiving their pension and therefore they never paid enough in to the system in the first place.

[geckotheglorious] 04/10/2022 15:35

Johnwise,

The UK is bust.

The Pension ponzi scheme is propped up, historically, by new contributors - except many now coming to UK do not contribute before they start taking out!!

National Debts have thus soared as we have consistently lived beyond our means.

The fat lady is about to sing.

There will be no state pension worth anything. A complete default on pensions will occur,and you will work until your drop(or are unable to work)

All that will be offered is a UBI.
Which will be fine, for you will own nothing, but rent everything!
And you'll be happy.

[johnwise] 04/10/2022 14:56

"You will work until you drop"

PM Quizzed on Pension Age as Benefits Battle Heats Up

UK prime minister Liz Truss did not rule out raising the state pension age as she sought to resist speculating on "all kinds of decisions that haven't yet been made".

But addressing a question on the issue, Truss also said she would "do what it takes" to address the economic headwinds facing the UK.

The state pension age is currently 66. Two further increases are currently set out in legislation: a gradual rise to 67 between 2026 and 2028, and a gradual rise to 68 between 2044 and 2046.

[philanderer] 04/10/2022 14:31

"Tesco aims to halve food waste by 2025"

Supermarket executive pay will be aligned to ‘key sustainability measures’

[blackhorse23] 04/10/2022 13:06

All retail up today , most gaining stocks today at FTSE is CURY (LSE)

[loganair] 04/10/2022 11:35

Not just the price of milk has been kept artificially low, also the price of bread, basically these are almost like price caps.

Over the long run, just letting market forces decide prices is always the best way to go as it balances demand with supply however once the artificially low price can no longer be kept low these prices then quickly shoot up to become unaffordable.

[donald t] 04/10/2022 11:21

It is a scandal that milk is cheaper than water in supermarkets. Farmers are being shafted big time.

[ldavis] 04/10/2022 10:52

The price of milk in supermarkets has been held artificially low for years. Farmers supplying the big processors were making very little on the cost of of production even before energy prices and feed prices shot up. Supermarkets make very little on selling milk, the only people really making anything from it are the processors and all of their costs have probably doubled so even their percentage markup has dropped (though possibly not in terms of pence/pint).
There are also plenty of other items where markup has been traditionally quite low hence above average percentage increases in price especially in basic essentials as opposed to premium products/brands which can at least in the short term afford to absorb some of the hopefully temporary above normal cost increases.

[donald t] 04/10/2022 00:17

I will never return to the UK.

[csmwssk12hu] 04/10/2022 00:09

Where do we go Donald can you lead us to the promised land?

[badtime] 03/10/2022 21:13

He seems to have his own special store

[donald t] 03/10/2022 20:02

Aldi certainly seem to run a very tight ship.

[loganair] 03/10/2022 18:03

One of the major differences between by local Tesco and Aldi.

Often in Tesco I see the shop floor staff chatting to each other or on their mobile phones making social calls instead of stacking shelves as they are paid to do, I haven't noticed this in my local Aldi.

Friday morning entered Tesco, 3 female members of staff chatting away instead of stacking the shelves. 15 minutes later after I was walking to the check outs these 3 same girls were still chatting with each other with barely any items had they stacked on the shelf.

In the past I've mentioned this to the manager who said he can not stop any member of staff from chatting to each other or on their phones unless it is a safety issue such as when they are pulling around one of the cages.

[city1911] 03/10/2022 17:30

There will be some profiteering on certain products by retailers no doubt. Let's hope they get found out !!!

[csmwssk12hu] 03/10/2022 17:22

However milk is up 55%, pay is not up 55% and diesel is around 10% higher than a year go not 55%. Energy is not making up the rise in price we are all been taken for a ride somewhere