Latest Tesco news
Dan Jago, who was suspended from his role as Tesco’s director of wine, spirits and beer at the height of the fallout from the £263 million shortfall in the retailer’s profits, is being reinstated and will return to the retailer in a new role on March 9.
Morrisons has named former Tesco director, David Potts, as its new chief executive following weeks of speculation of who would succeed Dalton Phillips who announced he was stepping down in January.
Waitrose has returned to the top spot of the Which? annual supermarkets survey - narrowly ahead of last year’s winner, discounter Aldi.
Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco’s board of directors as Richard Broadbent departs.
After 13 reported months of decline Tesco has posted 0.3% growth and the supermarket industry as a whole appears to be improving with growth accelerating to 1.1%.
In the last 24 hours Tesco has issued two separate requests for wine suppliers to pay effectively the same additional payment for increased sales volumes they have received for their products following its recent product cull.
Here are a few questions for you? Do you work with any of the major supermarkets? If so do you ever take a close look at what is happening in any other aisle of the store other than wine and spirits? I mean do you assess how a particular category like confectionery, health and beauty or crisps and snacks is merchandised? How many suppliers in that fixture that retailer works with? What sort of promotions they are running? If you don’t then you need to.
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