Top Tesco executive Tony Hoggett to step down after 30 years July 9, 2021 One of Tesco’s most senior executives is stepping down after more than three decades at the supermarket. Tony Hoggett joined Tesco in 1990 and has served in a number of top roles in the UK and Asia. He became group chief operating officer in 2018 before being appointed to the newly-created role of chief strategy [...]
Tesco AGM: Activists rally against greenwashing and unsustainable meat June 25, 2021 Activists flocked to Tesco’s annual general meeting this morning to protest greenwashing and meat that causes deforestation, holding giant letters which spelt the words ‘Forest Crime. The protestors ambushed delegates attending the supermarket giant’s annual general meeting (AGM), held at Tesco’s headquarters in Welwyn Garden City. The 10-metre wide ‘Forest Crime’ sign was accompanied by [...]
Tesco bags over £10bn in sales as customers still favour home cooking June 18, 2021 Supermarket giant Tesco has taken in over £10bn in UK sales over the last quarter, with customers still in the habit of home cooking over restaurant dining as restrictions gradually lift. The UK, the chain’s main market, brought in a slight 0.5 per cent lift to sales in the 13 weeks to 29 May, in [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
Tesco and Carrefour end three-year partnership June 7, 2021 Tesco and French retailer Carrefour will not extend their purchasing alliance beyond the three-year framework agreed in 2018. The deal between the two giants will formally end on 31 December 2021. Over the last three years, Tesco and Carrefour have enjoyed a number of joint buying opportunities across food and general merchandise, giving them each [...]
Tesco staff win legal argument against employer in European Court of Justice June 3, 2021 Thousands of current and ex-Tesco workers won a legal argument in the European Court of Justice today, in a fight they argue centres on equal pay. The court today ruled that employees working in stores can compare their roles to colleagues working in distribution centres for the purpose of equal pay. Mostly female supermarket shop [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Tesco is trying to give quick delivery apps a run for their money May 26, 2021 Tesco is set to launch a new rapid delivery service which will allow the supermarket giant to shuttle orders to customers doorsteps in less than an hour. The supermarket chain will first trial the Whoosh delivery service at its Wolverhampton Willenhall Express store – assessing its potential for a wider rollout. It said that the [...]
Grocery sales: Ocado on top as supermarkets snag 58m more visits as UK exited lockdown May 25, 2021 As the UK’s vaccination programme pushes on, supermarkets have enjoyed 58m more shopping visits in the first quarter of this year than last year, according to industry data released today. Supermarkets actually had more visits in the 12 weeks to 16 May, than when panic buying gripped shoppers at the start of the pandemic, market [...]
Pret A Manger trades city centres for Pret-rol stations May 21, 2021 Pret A Manger is set to open new shops in petrol stations owned by the Motor Fuel Group (MFG), the café said today, in a well-needed boost for roadside stops. Wither fewer people travelling and going to work, petrol stations have suffered a sales slump of 13.3 per cent compared with the same month two [...]