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Clueless, you are clueless.
Of course this quarter's turnover will be stellar. Profit, well that is a different matter. And staring at a single quarter is myopic. Why not a full year, next year and the year after. A quarter is of no interest
why would tesco or any other supermarket pull their dividend? ... they are having their busiest weeks ever, only if they were selling at a loss would that be an issue.
Every other retailer with closed stores or supplier to such no luck.
Now wages and troubles aside, I dabble in shares in small amounts and track the markets investing in other companies and listening to the news and I’ve been watching company after company pull their dividends to give themselves a buffer . What’s the feeling with the “slight “ possibility Tesco no matter how well they are doing COULD pull the dividend? . Then wed see a big mark down . Believe me I hate Tesco but on the other hand with every penny up and down worth £250 I want them to do well .. Any thoughts people on this one .
Wages they was only paying 10p above the minimum wage when the took the double time away and fobbed us off with the payroll re Alignment , then we lost the bonus and down to time and a quarter for a whopping 10% plus pay rise for staff in store last year .. now come April the 1st Tesco when the minimum wage rises to £8.72 the staff in store will be on £9.00 an hour so we’ve gained 18p EIGHTEEN! So we’ve gained £6.40 a week in 3 years on minimum pay The bonus on its own for a full time employee was worth £15 a week !, well down The UNION god damn useless..
Still haven’t got my damn code. Need to rant down the phone tomorrow.
Lol what rubbish stock coming back to normal today loads of toilet roll etc all back in stock no issues with supply anyone out shopping today can get what they want even pasta.
have been merked off - shelves clean empty and NO refills and NO new stock coming. thats a fact
PEople keep telling me their stores have stock - well u must be getting preferential treatment in your area if u do
Tesco manager told me they are closing the express stores so they can redirect stock to the bigger stores
this is like a triple Christmas this year for Tesco, anything goes on the shelf it flies straight off
smackdown going on across the ftse right now - why?
Rosewall works for Tesco yet cant see this quarter's turnover will be stellar
Rosewall that delayed consumption is only true to an extent, a bit like BOGOF offers: if it's toilet rools, then the use won't go up just because some bought more. If it's perishables, consumption will rise significantly at a lot of what was bought will go out of date. In any event, the false supply crisis will diminish now, the issue will be how to get products to customers. Allowing vulnerable to shop earlier than others when they aren't supposed to be out anyway simply adds to the medical challenge.
Tesco has had plans in place 8 weeks ago to launch extra Van's instores to allow for gradual projected growth they land in 4 weeks and will now be rammed full drivers already in place and Van's already purchased.
Let's not forget we should save 750 million on business rates tax over the next year should help pay the wages and the bonus.
Oops us
You obviously are watching something different to is up in East Anglia
Oops. So I see what is happening.
No, I don't short at all. I do work for them so I what is happening.
I will take it your short Tesco lol
With such a tiny margin in food retailing this will not offset the wage increase plus the 10% bonus. Even the call centre and Welwyn folk, now mostly working from home with their newly supplied kit, well kiss goodbye to £1,000,000 there too.
10.35 - you need to factor in the fact that if people are not in their offices where they would often be buying lunch from Greggs, Subway, M&S (and other such outlets) etc or even going out to restaurants and pubs they will be buying from the big supermarkets instead - would therefore expect all s/markets to be one-off beneficiaries for the next few months before people are able to return to work.
Advanced purchases is deferred consumption. When demand slows down the hoarded stock will be used and sales will declined. It all balances out in the end. Many pubs buy their spirits and beers from Tesco and Booker. Simply a customer swap. But the costs have soared. More colleagues being taken on and all colleagues, just about the largest cost, will get a 10% bonus throughout the crisis. So, over time, the sales won't be hugely higher but the costs will be higher. And next year, this year's rolled over holidays will affect the number of in store staff.
The driver training is only 1 -2 days, then normally 2 weeks driving with an experienced driver, but I would think that would be waived. There response to this crisis has been superb. At this low or even lower? price, this is an excellent buy for the future.
My local Tesco in Lowestoft turns around 500000 a week
Last week 1.2 millon
This weekend 800000 too today
Staff have been given a 15 % bonus already this month
Plus without announcing to the stock market they bought Best Foods last weekend who supply
Pret a manger
KFC
also some others
This company is ready to fly
GLA
you also have the fact that the government have lifted some of the constraints on delivery times & driver hours, so this means the existing assets are used more, at little incremental cost