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Tesco’s motto is “Every Little Helps” but it seems the supermarket doesn’t take too kindly to it when their customers take the term too literally. The retail giant, which last week revealed annual profits of £3.8bn, has been forced to bring about another humiliating alteration to its promotional Price Check campaign after shoppers took advantage [...]
(Read More)28th Apr 11
Tesco takes over council recycling centres
by Natasha Redman
Tesco is to get rid of hundreds of council recycling bins and bottle banks in its car parks, denying millions of pounds of income for local authorities, which has been labelled as “corporate greed” by some. The recycling bins at a supermarket in Cumbria, which becomes the first region to be affected, take in over [...]
(Read More)26th Apr 11
Shoppers duped into buying mislabeled fish
by Katie Naylor
Shoppers are being tricked by major supermarkets into purchasing portions of fish which contain other far cheaper species, a new study showed. A total of 400 fish meals bought from Tesco, Asda, Morrisons, Sainsbury’s, Lidl and Waitrose were DNA tested during new research which was carried out. The tests analysts revealed that 23 dishes – [...]
(Read More)20th Apr 11
New Tesco boss aims for UK market improvements
by Paul Russell
New boss of Tesco Phil Clarke said the third largest retailer in the world must revamp its products, in particular clothing, after falling downmarket during the recession and failing to reach profit hopes in its UK market. Tesco also announced a bigger-than-anticipated loss at US company Fresh & Easy, prompting some analysts to question if [...]
(Read More)19th Apr 11
Morrisons joins supermarket fuel war
by Paul Russell
Morrisons is the latest supermarket chain to join in the petrol war by slashing the price of a litre of diesel and petrol by 6p for three weeks from Monday, April 18, at all 296 of its garages. The move takes the average cost of unleaded petrol to about 126.72. However, customers will only receive [...]
(Read More)19th Apr 11
High street on front line as retail superpowers report
by Adam Richards
Full-year results from Tesco as well as Argos-owner Home Retail Group will ensure the troubled high street remains the main focus of attention this week. Tesco’s 2010 performance will be presented by Philip Clarke, the new chief executive who replaced Sir Terry Leahy as the head of the supermarket giant last month. The UK’s largest [...]
(Read More)8th Apr 11
Supermarket price war ends up in farce
by Paul Russell
The supermarket price war between Asda and Tesco has descended into a farce as evidence has emerged that many bargain deals may be nothing more a sham. Some of the rollback items on offer from Asda have actually increased in cost, according even to its own website. Meanwhile, Tesco’s promise to ensure better value food [...]
(Read More)6th Apr 11
Shoppers favour brown bread over white
by Paul Russell
White bread, the backbone of the British diet for years, for the first time has fallen from favour, as more consumers opt for brown bread. The industry sales figures from last year indicate that there was a fall in the sales of white bread, while brown bread sales soared. Tesco, the largest supermarket in the [...]
(Read More)25th Mar 11
Tesco refunds hundreds after promotion backfires
by Adam Richards
Tesco has had to issue hundreds of refunds after a plan to beat rival store Asda on price went wrong. The supermarket giant, which prides itself on its reasonably priced goods, challenged customers to find cheaper products in Asda, pledging to refund twice the amount of the price difference if they could. But the strategy [...]
(Read More)25th Mar 11
Tesco price promise backfires
by Natasha Redman
A pledge by Tesco to refund customers twice the value of the price gap on a product if it can be bought cheaper from rival supermarket Asda has backfired. Hundreds of customers have taken advantage of the guarantee by claiming money from the grocer after discovering that a number of items on the Tesco shelves [...]
(Read More)