Tesco sales – signs of things starting to turn around?
It says something about Tesco’s predicament that its shares have risen this morning because first quarter sales were bad, but not as bad as they could have been.
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Thousands of Tesco shoppers have been unable to make or change orders online, as the supermarket’s website and app crashed after a suspected hacking attempt.
Tesco has suspended production of charity Christmas cards at a factory in China.
Tesco said it would be changing the way the stores were run in a “challenging retail environment”.
They used to say “every little helps”. But the cuts announced by Tesco today could hardly be bigger. The supermarket giant has announced it will slash thousands of jobs and cut back on fresh food counters in its stores. The cuts come amid ferocious competition between the supermarkets, with the once-dominant giant seeing its market share continue…
Tesco has responded to competitors like Aldi and Lidl, who manage to sell things even cheaper, by launching its own discount stores under the brand name, Jack’s.
This isn’t a case where two people doing exactly the same job are being paid differently, which would be a clear-cut offence under equal pay legislation.
It’s the biggest ever equal pay claim against private companies, and it’s gaining ground all the time. Twenty thousand supermarket workers – mainly women – who work on the shopfloors of Asda and Sainsbury’s, were today joined by workers from Tesco, all arguing that they are being under-paid and under-valued compared to male colleagues working…
The UK’s largest retailer, Tesco has announced its first full year of growth for seven years. Interview with Tesco Chief Executive Dave Lewis on the forecast for the company.
Tesco’s UK arm has agreed to pay just under a quarter of a billion pounds in a deal with the authorities over the accounting scandal that rocked the company in 2014.
Tesco says it will create the UK’s leading food business after buying the wholesaler Booker in a £3.7 billion deal.
It says something about Tesco’s predicament that its shares have risen this morning because first quarter sales were bad, but not as bad as they could have been.
Tesco reports a record pre-tax loss of £6.4bn for the year to the end of February. But markets respond positively, anticipating that the retail giant has put the worst behind it.
An official investigation has been launched into supermarket giant Tesco’s supplier practices which have resulted in delayed payments, the Groceries Code Adjudicator says.
In the wake of a disastrous 2014, Tesco has announced a list of 43 stores it plans to close, with the loss of 2,000 jobs.
Supermarket giant Tesco is to shut 43 unprofitable stores and its head office in Cheshunt, as it reported a fall in sales in the lead up to Christmas.