Tesco profits take a tumble

Tesco profits take a tumble
Tesco has announced a fall in pre-tax profits of nearly 20% in the past year to £825 million, due to costs rising by almost £900 million due to the pandemic, reports Retail Gazette
Wed 21/04/2021 by Richard Wilkinson

Tesco records surge in post-Christmas sales

Tesco records surge in post-Christmas sales
UK retailer Tesco has seen a large bump in sales since Christmas, but costs associated with the pandemic continue to soar, as restrictions are strengthened.
Thu 21/01/2021 by Richard Wilkinson

Tesco continues sell-off of Asian assets

Tesco continues sell-off of Asian assets
UK retailer Tesco has announced it will complete the £8 billion sale of its Thai and Malaysian business to CP Retail Development Company. The purchase was approved by Thai authorities […]
Thu 17/12/2020 by Richard Wilkinson

Tesco to return money meant to support struggling retailers

Tesco to return money meant to support struggling retailers
UK retailer Tesco has promised to pay back the £585 million it saved from a business rates holiday aimed at helping struggling retailers cope with the Covid-19 crisis. Tesco’s chairman, […]
Mon 14/12/2020 by Richard Wilkinson

Tesco named South African Stone Fruit Retailer of the Year 

Tesco named South African Stone Fruit Retailer of the Year 
UK retailer Tesco has been recognised by the South African stone fruit sector for its strong performance and promotional support during the 2019-20 season. South African growers’ association Hortgro presents […]
Thu 17/09/2020 by Richard Wilkinson

Tesco expands home delivery services to meet surge in demand

Tesco expands home delivery services to meet surge in demand
UK retailer Tesco has expanded its home delivery and click-and-collect services following a sharp increase in demand that led to shoppers reporting difficulties in securing online delivery slots. The firm’s […]
Mon 06/04/2020 by Richard Wilkinson

Tesco sells off south-east Asian operations 

Tesco sells off south-east Asian operations 
UK retailer Tesco is to pull out of south-east Asia, having agreed the sale of its operations to Thai conglomerate Charoen Pokphand for US$10.6 billion. This represents a major reversal of its strategy of international expansion.
Wed 11/03/2020 by Richard Wilkinson

Tesco to offload Asian operations?

Tesco to offload Asian operations?
Reports have emerged that leading UK retailer, Tesco, is considering selling its Asian business, Lotus, for £7.2bn. According to The Independent, Tesco has received “inbound interest” for its Lotus brand […]
Mon 16/12/2019 by Richard Wilkinson

Tesco to remove 1 billion pieces of plastic

UK retailer Tesco has stapled its green credentials to its mast and laid down a challenge to its rivals by pledging to eliminate plastic in its packaging of many own-brand […]
Thu 21/11/2019 by Richard Wilkinson

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