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3 mins read

People are shopping for groceries less often but buying more items, Tesco said, as it reported rising pre-tax profits of $709 million

Tesco's convenience stores performed much better than larger stores during the pandemic as customer…

Grace Dean   


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2 mins read

Tesco apologized after it claimed sanitary products were 'non-essential' and therefore not for sale during lockdown

A Tesco branch near Cardiff, Wales, refused to sell sanitary products, leaving one customer "raging…

Grace Dean   


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2 mins read

As UK retailers make mass layoffs, supermarket giant Tesco is hiring for 16,000 new jobs because of an online sales surge

Tesco will hire 16,000 new staff, including 10,000 to assemble customer orders and 3,000 delivery d…

Shalini Nagarajan   


Shalini Nagarajan   


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1 min read

How Tesco Mobile's Twitter Account Is Conquering The Trolls

Tesco has had a chatty Twitter since April, when British agency Jam trained Tesco's customer care t…

Richard Feloni   


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2 mins read

The UK's biggest grocery chain Tesco is targeting a sales surge for plant-based burgers, sausages, and quiches

Tesco said it will increase the range of plant-based meat-alternative options across is store, incl…

Grace Dean   


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2 mins read

UK supermarket giant Tesco to take on Amazon by offering free delivery for loyalty scheme members

Tesco will scrap its basic fee on online deliveries for Clubcard Plus members, CEO Dave Lewis told …

Shalini Nagarajan   


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3 mins read

Tesco's Financial Nightmare Is Even Worse Than Anyone Thought

It is often argued that Tesco is a Buy because 'it has to be a long term winner due to its scale ad…

Mike Bird   


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2 mins read

Tesco potentially faces a huge lawsuit over 'permanent destruction of value to shareholders'

"During 2014, Tesco's problems worsened by the month," he said in his annual letter for his Berkshi…

Lianna Brinded   


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2 mins read

'Cockroach'-infested Tesco is going to sack another executive

In January this year, Moody's and Standard & Poor's downgraded Tesco's credit rating to junk. T…

Lianna Brinded   


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7 mins read

Tesco Workers Want The New CEO To Know About The Unpaid Overtime They're Working

Worker at a Tesco.com store in the south of England: I work with a great bunch of drivers, but ther…

Jim Edwards   


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4 mins read

This Is The Real Reason Tesco Dropped Ad Agency Wieden + Kennedy For BBH

The ailing supermarket said in a press release the appointment of BBH - and also Blue Rubicon as it…

Lara O'Reilly   


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3 mins read

Angry Tesco investors want £100 million from the supermarket over its accounting black hole

Sean Upson, a partner at Stewarts Law, which is leading the case, said in a statement given to the …

Will Martin   


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2 mins read

Tesco CEO Says He Had No Idea The Chain Was About To Implode When He Took The Job

And Lewis said he would have taken the executive role even if he had known about Tesco's structural…

Dina Spector   


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2 mins read

As Tesco Profits Vanish In Flawed Accounts, Analyst Says It's 'No Longer A Viable Investment'

The new boss at Tesco isn't one to shy away from massive cuts - nicknamed 'Drastic' Dave Lewis, he …

Mike Bird   


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2 mins read

'An absolute field day': Tesco and Booker's £3.7 billion merger could be a competition headache

Monteyne expects Tesco and Booker to sell off some of its convenience store network to get past the…

Oscar Williams-Grut   


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3 mins read

Tesco Fires A Fifth Executive In Accounting Scandal

If European supermarkets receive similar amounts, vendor allowances for Tesco could be around EUR5.…

Jim Edwards   


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2 mins read

Tesco Was Warned Months Ago That Its Accounts Were At 'Risk Of Manipulation'

"Commercial income" includes promotional payments from Tesco's suppliers. Sometimes these are for p…

Mike Bird   


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2 mins read

Tesco faces legal action from investors that allegedly lost £150 million from the accounting scandal

The news comes roughly one month after it was announced that three former executives from Tesco had…

Will Martin   


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2 mins read

What Experts Believe Is Wrong At Tesco, The Supermarket That Miscounted £250 Million In Profits

Mike Dennis, analyst at Cantor Fitzgerald, said: "This in our view is not all an accounting issue, …

Jim Edwards