Tesco Blows A Trumpet or Two

Tesco TSCO blows a fanfare of trumpets over today’s interim results and when one considers that over the past two years prices have fallen by over 6%, it is perhaps right to do so. It claims significant progress in the first half with positive like for like sales and volume growth in all regions. UK […]

Tesco – Getting Mended.

Tesco TSCO claims it has stabilised the business, with overall like for like first quarter sales growth of 0.9%. Internationally it has steamed ahead with like for like growth of 3%. In Asia like for like sales were up by 3.3%, as against a year ago when they fell by 3.4%. Both Asia and Europe […]

Company news: Tesco Sells Dobbies – A Great Business, They Say!

  Tesco TSCO confirms that it has sold Dobbies Garden Centres which it has owned since 2007. The CEO says the staff at Dobbies  built up a great business – which is of course a good reason for selling it but only if you are desperate for £ 217m. in cash.   JD Sports Fashions […]

WH Smiths Off On The Road to Recovery

Tesco TSCO  The 40% fall in net debt is probably the best item in Tesco’s preliminary results and they are perhaps entitled to boast of a turn round in quarter 4, except in its home markets of the UK and the Republic of Ireland where it still seems to have lost the plot. Group like […]

Is Tesco The Xmas Winner ?

Tesco (TSCO) enjoyed a strong Xmas and perhaps surprised many of the pundits, not to to say the opposition, with all round growth as sales rose both at home and abroad. Like for like group sales for the 6 weeks to 9th January rose by 2.1%, even UK like for like sales were up 1.3% and […]

Tesco (TSCO) abandons international delivery for online clothing sales

At a time when major retailers are being dragged kicking and screaming into the world of internet sales, the last thing one would expect would be for the biggest of them all to abandon international online sales. Yet Tesco (TSCO) is doing just that. As from 1st February it will abandon international delivery of online orders […]

Retailers (Part 1) There’s No ‘Flys’ on Tesco

Tesco has problems but they are management problems which can be resolved if it can find a management team able enough to erase the long standing failures of the Leahy team which was directly responsible for Tesco’s current woes. Silly as it may seem, it may be best to get a grocer in and sack […]