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Tesco

  • Shoppers spend extra £524m at UK supermarkets in April

    April 28, 2020

    Shoppers spent an extra £524m at UK supermarkets during the coronavirus lockdown compared to April last year. Grocery sales soared 9.1 per cent in the 12 weeks to 19 April, which were £524m higher in the past four weeks than they were in April 2019.  Households made a record low 14 trips to UK supermarkets [...]

  • Coronavirus: Tesco could take £925m hit on extra staff and delivery costs

    April 8, 2020

    Tesco warned it could take a hit of up to £925m due to the impact of hiring extra staff and ramping up distribution due to the coronavirus outbreak. The supermarket this morning said it expects retail costs to increase by between £650m and £925m, but said the sales boost caused by stockpiling and business rates [...]

  • Coronavirus: Tesco builds NHS staff shop at Nightingale hospital

    April 7, 2020

    Tesco has secured a contract to provide a pop-up shop at a new Nightingale NHS hospital, which is being constructed to treat the surge in coronavirus patients.  On Sunday the supermarket began work on the first pop-up store at the National Exhibition Centre (NEC) in Birmingham, which is being transformed into a coronavirus hospital.  Tesco [...]

  • Coronavirus: Tesco adds 100,000 online delivery and collect slots

    March 31, 2020

    Tesco has boosted the number of online delivery and click and collect slots by more than 100,000 as the supermarket scrambles to meet an “unprecedented” surge in demand during the coronavirus crisis. The grocer today said it has increased capacity from 660,000 slots two weeks ago to 780,000 this week. And it plans to add [...]

  • Lidl crowned UK’s fastest growing supermarket

    March 3, 2020

    Lidl was the fastest growing supermarket in the UK over the last 12 weeks, taking the crown from online grocer Ocado.  The German discounter increased sales by 11.4 per cent in the 12 weeks to 24 February, becoming Britain’s fastest growing grocer for the first time since November 2017, as it opened its 800th store [...]

  • Tesco exits China with £275m stake sale

    February 25, 2020

    Tesco has sold its 20 per cent share in its China joint venture for £275m as it nears a potential deal for its Thailand and Malaysia businesses.  The supermarket giant announced this morning that it has offloaded its stake in Gain Land – which was established in 2014 – to a subsidiary of its joint [...]

  • Waitrose ranked best UK supermarket in annual Which survey

    February 22, 2020

    Waitrose has been ranked as the best supermarket in the UK in an annual satisfaction survey conducted by Which. The chain, which is owned by John Lewis, hit five stars on most categories, but did come joint-last in value for money. Budget supermarkets Aldi and Lidl continue to be ranked highest in terms of value. [...]

  • Tesco ‘unlawfully’ blocked rivals from opening nearby stores, CMA finds

    February 14, 2020

    Tesco has been told to stop illegally blocking rival supermarkets from buying its land or leasing nearby sites by the Competition and Markets Authority (CMA). An investigation from the competition regulator found that Tesco had blocked access to rivals using restrictive contracts on 23 occasions. The UK’s biggest supermarket chain has agreed to take action [...]

  • Tesco ditches plastic wrap on multipack tins

    January 24, 2020

    Tesco is set to remove all plastic wrapping from its multipack tins in a bid to cut down on waste, a step it says will remove 350 tonnes of plastic per year from the environment.  The supermarket giant has teamed up with brands including Heinz and Green giant to replace single-use plastic wrap on multipacks [...]

  • Christmas supermarket sales growth slows to four-year low

    January 7, 2020

    Supermarket sales growth over the Christmas period slowed to the lowest rate in four years as shoppers watched their budgets over the festive period.  Retailers reported sales of £29.3bn, up £50m on last year, however growth slumped to the lowest rate since 2015.  Read more: Morrisons sales fall in ‘unusually challenging Christmas period’ Year-on-year supermarket [...]

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