Tag Archives: tesco

The UK’s biggest retailer Tesco has posted another strong set of numbers for the 13 weeks ending May 30th 2009 that show both domestic and international growth. Like-for-like UK sales for the period were up 4.3 per cent excluding petrol, with total growth reaching 9.3 per cent. Tesco’s non-food business …

The UK’s leading retailer Tesco has reported record pre-tax profits of 3.13bn for the year ending February 28th 2009 – a ten per cent increase over the same period a year before. On average the supermarket saw sales in excess of 1bn every single week, with total sales for the …

Supermarket behemoth Tesco has vowed to become a dominant force in video games retail after snapping up key personnel from EUK. The firm told MCV this week that it will forge stronger relationships with suppliers and increase dedicated games shelf space, in a bid to shake off a reputation as …

Tesco has opened its first Superstore branded outlet at the flagship retail development Liverpool One, with the supermarket going head-to-head with other city-centre non-food retailers like Currys.digital and Carphone Warehouse. The 28,600sq ft store opened today (Monday February 16th) and signals the retailer’s move away from only stocking a limited …

EUK’s former games chief John Stanhope has joined Tesco as senior buying manager in the UK – signalling the company’s keenness to get closer to the trade in 2009. Tesco told MCV that the appointment represented its clear ambitions” in the category this year. Stanhope is a very well known …

Tesco has announced the appointment of Laurie McIlwee as group finance director, replacing Andrew Higginson. McIlwee originally joined Tesco in December 2000 as UK finance director, and recently served as distribution director. He takes over his new role as Higginson moves to become chief executive of retailer services. Tesco CEO …

Tesco has reported a like-for-like sales rise of 2.5 per cent for the seven weeks to January 10th – its smallest Christmas rise since 1993. The supermarket has announced plans to create 10,000 new jobs by December despite the setback. The like-for-like sales discounted gains from new stores. Total group …

Super budget publisher GrabIt has launched its second wave of exclusive Tesco games based on hugely popular Cartoon Network properties. Released under the names Candy Capers, Power Pack, Toon Tastic and Fun Factory, each pack features 19 games plus six bonus cartoons, and includes leading franchises such as Ben 10, …

Tesco will tomorrow launch a half-price sale that will last throughout Christmas – but has told MCV that the promotion is not in reaction to Woolworths’ ‘fire sale’ . The firm will cut prices on around 1,000 products from now until Christmas – including non-food. The focus is firmly on …

Tesco has extended the time it takes to pay entertainment suppliers by 30 days in the run-up to the Christmas season. The supermarket has written to suppliers to tell them it has changed its payment terms from 30 days to 60 days as of December 1st, 2008. The Financial Times …