Chit Chat
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so far we have a price war ... reductions from Tetlty , Hovis and Coca cola ... probably all struggling brands ... certainly Tely and Hovis are traditional UK brands .. i.e non immigrant purchases so will have succumbed once again to Tesco leverage.
Then a £250m reduction in head office head count ... for this read the pension fund is done in .. we will give these people pensions eraly and avoid redundancy ...
And some fire sale .. Korean operations .. no S**t sherlock .. how on earth could this business model succeed in Korea...
The MD David Lewis sitting on about a £5m a year package is still saying "he doesnt want to set out long term strategic aims" ... what a crock of dung this outfit has become.
Then a £250m reduction in head office head count ... for this read the pension fund is done in .. we will give these people pensions eraly and avoid redundancy ...
And some fire sale .. Korean operations .. no S**t sherlock .. how on earth could this business model succeed in Korea...
The MD David Lewis sitting on about a £5m a year package is still saying "he doesnt want to set out long term strategic aims" ... what a crock of dung this outfit has become.
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Replies: 28
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You done your lot on the shares?
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gutted
thought they were doubling club points on monster munch |
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akabula - i have no shares .. just follow them closely
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But when you hear a pre announcement announcement .. just like politicians and you hear .. slashing prices on Tetley and Hovis and Coca Cola you know they are really in a very bad mess.
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the shop is a rip off, they need to slash all their prices considerably and improve quality
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Surely that is good news for shoppers and only bad news if you're an investor.
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I don't know if they are good or bad but I do know that my wife never shops there.
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Tetley Hovis and Coke all make enormous mark ups. If the prices are cut it will be their choice.
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exactly clunge - so it was a pretty poor pre announcement if thats the "good" news.
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The beleaguered supermarket Tesco has said it will close 43 unprofitable stores across the UK - a "significant proportion" of which will be local convenience shops.
The firm is also shelving plans to open a further 49 new "very large" stores. Additionally, Tesco is closing its staff pension scheme, will make cuts of £250m, and reduce overheads by 30%. It comes after two years of troubles at Tesco, which has suffered falling sales and profit warnings. Last year, the company was embroiled in an accounting scandal, and saw the departure of some senior executives. However the retail giant, which has more than 3,300 stores in the UK, had a better Christmas than expected. Tesco also confirmed that two of its businesses - Tesco Broadband and online entertainment service Blinkbox, will be sold to TalkTalk. It also announced that Matt Davies, the boss of Halfords Group, will take charge of Tesco's operations in the UK and Republic of Ireland from June. Sales at the retail giant improved in the six week Christmas period, with grocery shopping up almost 13% on last year, and online clothing sales growing by more than 50%. Shares in Tesco rose by more than 5% in early trading on Thursday |
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Doomed. The public have finally wised up to the big supermarkets and changed their shopping habits.
Tesco will never be able to compete with the the likes of Aldi and Lidl because while trying to conquer the world they have acquired enormous overheads which they can't get rid of quickly. Interesting though that Matt Davies has gone there from Halfords after only recently leaving Pets at Home. |
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Not paying a dividend I believe either.
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Additionally, Tesco is closing its staff pension scheme
Yeah, because it was the shelf-stackers who lied in the annual accounts, so they don't deserve good pensions. |
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They all have their ups and downs.
Chartists will no doubt find it interesting that they've quickly pushed the shares through the immediate resistance to the left on the chart and the November buying. |
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Chartists? You're about 150 years too late.
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Complete filth closing the pension scheme ,this is what happens when you let these big company's rule the roast ,closed all the town centers down and done dodgy deals all over the uk ,zero hours contracts ,foriegn workers ,lies and deceit and that's on top of feeding us dodgy horsemeat .
not fit and proper ,thieving scum . |
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For Ken Masters:
''Chartist may refer to: Chartist (occupation), a person who uses charts for technical analysis'' Wiki. Happy to help. |
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breadbutter,
People who do stuff like that help to fund the welfare state you enjoy. |
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Thank you, I was wondering if you were keeping the movement alive, they seem more relevant now than ever.
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"Complete filth closing the pension scheme ,this is what happens when you let these big company's rule the roast ,closed all the town centers down and done dodgy deals all over the uk ,zero hours contracts ,foriegn workers ,lies and deceit and that's on top of feeding us dodgy horsemeat .
not fit and proper ,thieving scum ." The Tesco scheme is far better than virtually any other large companies and with a 3 billion deficit was always going to have to change. Dont let the facts get in the way of your rant though. |
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awe poor tesco ....got me in tears here
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It's clear that bb is emotionally involved with Tesco.
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Fantastic news.
Glad to see their attempts to grab every penny people spend is failing. They are a rip-off outfit more concerned about lining the pockets of shareholders than providing value for customers. mysupermarket.co.uk - good site for price comparisons. |
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Ken Masters 08 Jan 15 10:47 Joined: 01 Apr 04 | Topic/replies: 12,901 | Blogger: Ken Masters's blog
Chartists? You're about 150 years too late. leave him alone ken,he thinks it makes him look smart,bless. |
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Hope they disappear off the face of the earth.
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patrick starr = breadnbutter?
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I used to spend £150+ a week with them for all my shopping needs now I'll only go in when my parents get a £6 off £40 spend voucher and I will stock up on half price or bogof deals
Its not just the aldi/Lidl who have taken share off Tesco but you cant underestimate the impact of Home Bargains/B&M especially for non-food items ie air fresheners, toilet roll - I used to get all that from Tesco but now get them all for less than half price. I also will shop at Iceland for milk 89p for 4 pints ! |
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^ Exactly, and all the other discount stores such as Poundland, 99p Stores, Poundstretcher, etc.
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