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Profits up 10% to £3bn-plus at Tesco

Thursday, April 23rd, 2009

 

Tesco is looking to trade its stores even “harder” in 2009, with plans to re-launch its Clubcard loyalty card over the next three weeks.The group results out today showed total sales in the year to February 28 were up 13% to £54.2bn, with profits up 10% to £3.13bn.
In the first six weeks of the current […]

Tesco staff set for savings payout

Monday, February 16th, 2009

Over 50,000 employees at Tesco are set to celebrate a £126m payout from the retailer as part of its save-as-you-earn schemes.
All of the staff due to receive the windfall have saved between £5 and £50 from their salaries for the past three or five years.
The strong returns mirror Tesco’s growth in share price over the […]

Tesco opens green low-carbon store

Monday, January 12th, 2009

Tesco is following in the footsteps of Rival Asda and has today opened its new low-carbon supermarket in the Cheetham Hill area of Manchester.
According to the supermarket chain, the £20m venue has a carbon footprint of about 70% less than a typical store.
The supermarket’s lighting system is capable of dimming bulbs when it gets brighter […]

Tesco local sourcing sales to reach £500m

Tuesday, August 26th, 2008

Tesco is on course to generate more than £500 million from the sale of locally sourced food and drink sales this year, according to The Times.
Sales of locally produced items such as bread, meat and eggs have risen 40 per cent at Tesco this year, as consumers demand more ethically sourced food.
Tesco launched its local […]

Tesco to build straw-powered energy plant

Thursday, July 24th, 2008

Tesco has been given the go ahead to build Britain’s first straw-powered, combined heat and power plant.
The plant will generate 5mw of electrical power – enough to run eight Tesco superstores – and is the latest step by Tesco in its efforts to half the carbon footprint of its estate by 2020.
Straw is a natural […]

Small Fresh & Easy stores to grow into big hypermarkets?

Friday, July 11th, 2008

The move by Tesco into the US through its fast-growing Fresh & Easy format has focused much attention on the potential for smaller stores in the land of the hypermarket. It is much smaller than the typical US food store, which has created a great buzz in the market, and prompted the big US operators […]

Tesco to move more goods by train

Wednesday, May 21st, 2008

 Tesco has signed a £15m deal with transport and logistics group Stobart to provide a second dedicated rail freight service in Scotland.The new service will run from Grangemouth to Inverness and will use Tesco’s new distribution centre in Livingstone.
It will run six days a week and replace more than 13,000 lorry journeys each year – […]