Pandemic shopping trends unwind for Tesco as sales growth slows

Little Helps? Tesco to have shareholder vote on tackling obesity in UK

Tesco expects some of the changes driven by the coronavirus pandemic to begin reversing in the months ahead as a period of rapid sales growth combined with elevated costs draws to a close. Ken Murphy, chief executive of the UK’s largest supermarket group, said there were already signs that as restrictions eased and hospitality reopened, […]

Retailer rescues 400 tonnes of British strawberries, puts them on sale in stores

A huge surplus of strawberries brought on by mixed weather conditions have ended up in Tesco stores. The UK retailer rescued 400 tonnes of the fruit and immediately put them on sale in supermarkets – £3 for one kilo boxes instead of the regular £2 for a 400g punnet. “Last week’s heatwave brought the strawberries […]

Carrefour and Tesco to end purchasing alliance

Tesco, Carrefour waste little time in trying to leverage power of partnership

Tesco and French supermarket group Carrefour said they will not extend a purchasing alliance heralded originally as a potential way to trim costs, Reuters reports. The companies said in a joint statement that “they have decided not to extend their purchasing alliance beyond the three-year operational framework agreed in 2018”, without giving further details. Two sources familiar […]

Tesco opens entries for annual Agri T-Jam competition

Entries are now being accepted for one the food industry’s most innovative competitions, Tesco’s Agri T-Jam, which highlights the most creative and thoughtful solutions being developed across the UK and the world. Seed and early-stage agri-tech innovators must submit their entries on improving supply chain efficiency and sustainability by June 10 for the opportunity to […]

Investors help push Tesco to increase healthy food sales

A group of investors who had pressured Tesco to provide higher sales of healthy food got their wish this week as the UK retailer announced plans to improve nutritious option in its stores. Tesco, which had committed to lifting sales of healthy products to 65% at UK stores, promised to carry the commitment to its […]

The costs of COVID, new hires eat into Tesco’s sales profits over past year

Report: Watchdog group claims Tesco stopped rivals from opening nearby stores

Tesco’s profits saw a sizable decline during the past year, tumbling by nearly 20% because of the massive costs of doing business during the COVID-19 pandemic, the company reported. After posting more than £1 billion in pretax profit in the previous year, it brought in just £825 million in 2020-21. Those figures and the fact […]

Retailers Tesco, Aldi coming to rescue for those in need, including children

Supermarket chain Tesco is opening up 250 food donation areas at its Superstores and Tesco Extra stores for shoppers to continue to give to those in need during the COVID-19 pandemic. Their charitable offerings will be collected and eventually given to foodbanks that are part of the Trussell Trust network or groups associated with FareShare. […]