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Tesco results – “Getting all the skeletons out of the closet early on” Prof Crawford Spence, Warwick Business School

by on April 22, 2015

Professor Crawford Spence, of Warwick Business School comments on the Tesco results

Tesco posts record £6.4bn annual loss

These figures are absolutely huge - nearly the biggest loss in UK corporate history. However, they need to be understood in context. They  relate mostly to asset write-downs rather than poor trading performance.

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Kantar Worldpanel Research : Tesco sales return to growth

by on February 10, 2015

Good news has been in short supply recently for Tesco but at last there is some data that the group's new chief executive Dave Lewis can cheer.

Tesco increased sales by 0.3 per cent in the 12 weeks to February 1 compared to the same period a year earlier - marking a return to growth for the first time since January 2014. Market share data from Kantar Worldpanel shows that Tesco is finally bouncing back after the toughest year in its history, despite having to wage a fierce price war with rivals.

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Tesco takes back control of in-store cafes to win back sorely needed customers

by on November 30, 2014

Tesco is taking control of restaurants in almost 300 of its floundering larger supermarkets in an attempt to woo sorely needed customers. The grocery giant’s Cafe concept – which offers everything from breakfasts to salads and roast dinners – has been operated by catering firms Elior and Compass.

But a deal for Tesco to take charge, agreed before the arrival of new chief executive Dave Lewis on September 1, is expected to be finalised by today. Tesco said Lewis fully backed the decision.

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Tesco : “The relentless pursuit of profit has hindered and not enhanced customer, employee, community and supplier relationships” / Tim Arnold and Guy Tomlinson

by on September 23, 2014

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More about retail in the Sunday papers roundup – Tesco, Dave Lewis, Morrisons, Monarch Airline, Home Retail Group, Americana, Comet, Debenhams, Mothercare, Orchid Pubs

by on July 27, 2014

"A wounded Tesco mounting a powerful counter attack."  From www.theretailbulletin.com

  • Dave Lewis: a new star for planet Tesco,
  • Middle East takeaway giant Americana tempts buyers,
  • The fallout after Comet crashed to earth,
  • Debenhams poaches finance chief from Mothercare.

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