The weasel words are 'planning to'. As TSCO & MRW has found, opening stores is one thing - making them commercially viable is quite another. Where are all these 'goldmine' site locations, that the Big 4 have apparently ignored for decades? As in Germany, the pace of the LADS growth is slowing. & profitability questionable, IMO. Lidl spent about two thirds of what Tesco spent on advertising last year, a colossal amount.
Aldi to open more stores than Tesco, Sainsbury’s and Morrisons combined: Alid is planning to open more new shops in the U.K. this year than Tesco, Sainsbury’s and Morrisons combined according to comprehensive new supermarket research that lays bare the dramatic changes in the industry.
Pretty busy, decent half price WE deals. IMO,Lidl are losing the the plot on their TV ads - 'How much would I pay for that bottle of Malbec? £25? - Only £5.69 at Lidl !!! (same price as the Big4)' - Get real - peeps who pay £25 for a bottle of red DON'T shop for it at lidl:) Pub lunch of lamb steaks, table of 3 - 'Pay what you think it's worth'. Guy slaps down £120 & has an orgasm because he gets change!!! - 'Spoons pub lunch for 3 including bottle of Harveys wine, puddings & coffees, 30 quid.
In Tesco Oldham , busy store typically but no more than one customer at each till point, and beyond the tills they are unleashing utility sales people on every customer - won't take much of hassle like that to drive even more customers away
Be Interesting to see if they use Ocado. Catchup is a very expensive game, as MRW are now finding. 'Tesco has operated on the internet since 1994 and was the first retailer in the world to offer a robust home shopping service in 1996. Tesco.com was formally launched in 2000. Grocery sales are available within delivery range of selected stores, goods being hand-picked within each store, in contrast to the warehouse model followed by Ocado. As of November 2006, Tesco was the only food retailer to make online shopping profitable.' (wikipedia)
You have won an award for the most pathetic deramp of the day sounds to me like you made some money on Tescos then lost it elsewhere and now want back in at £1.50.Nice try but this boat has sailed and once Tescos sell Dunnhumby it will soar.
I like the idea of the property deal. Owning your own store has various positives. Rent now will not be rising every year, actual assets on the books also. I think this is only a small pebble in the water but it is a step in the right direction. Costs and debt should be reduced. Hopefully this is the start of bringing more stores under ownership and one of the reasons I also hold MRW shares although they seem to be trying to move the other way.
I see this being positive move for Tesco maybe I should hold a tad longer and hope that divi trickles back too.
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