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It may be having problems , but it is by far the finest Tomato ketchup on the market. When I was in business , I tried to match the flavour , but never quite managed it. The same for Salad cream , sold hundreds of tonnes of it , but I could always pick out Heinz in tasting panels .
"Whatever Tesco's faults, lack of stock isn't one of them and they are great for a straightforward family shop."
Our Tesco is often out of stock and the shelves have recently been moved further apart. Have also noticed significant price rises and deterioration in the quality of 'Finest' packages.
The fruit and veg scales are poorly maintained and on the self-scan and scan-it-yourself facilities there is a woeful lack of staff. We continue to shop there because they are near but have recently tried a large Lidl and been pleasantly surprised - hardly ever been in one before.
Given the probable collapse of the proposed Sainsda merger, following today's CMA interim report, I think Tesco are going to predominate in the sector for many years to come. LIDL and Aldi will, of course, continue to grow, but they are limited by their lines and stock flow problems. I do some shopping at LIDL myself, but there's hardly a week goes by when one of my favourites isn't out of stock. It sometimes feels like shopping in Soviet Supermarket Number 9 - and I end up having to go somewhere else. Whatever Tesco's faults, lack of stock isn't one of them and they are great for a straightforward family shop.
Tesco has some support at 210p but main support is 200p where I think the market will head over the next week or two. I would sell into any rally if we get one tomorrow or early next week. An easy 8-10% increase of your holding
topic I suggest you have a look at NCC Group (NCC) current price is 134p. Directors have been buying recently and it is oversold imo. Peel Hunt has 260p Target price and BUY rating. Berenberg has 180p Target price and BUY rating. Directors buying significant amounts of share. NCC goes ex div 7th Feb.
The Booker deal was going to transform Tesco's fortunes. Next was their chain of "discount" stores to rival Lidl/Aldi now it is just closing random counters and laying off staff. Smacks of desperation to me. Wake me up when the sage of Omaha buys back in!
I was in local large store yesterday , saw nobody at the fish counter or at the meat counter, however people were shopping in the prepacked meat and fish areas , its cheaper . Must agree with tesco management if the counters are not being used why keep them open ? the wastage from them is expensive . People's habit's change , it's all prepacked ,or ready meals , not many cook from basic ingredients anymore . I'm not saying I like the move , but can see the logic . Just because it was always done , that way doesn't make it the right way .
Can only see problems if Governments keep increasing minimum and living wages irrespective of what companies can afford. Technology - machines do admittedly help if maybe in a perverse way. But the more the cost inputs are increased irrespective of effect on price of goods sold and living costs of which food important component - available income constrained by high housing costs. What the effect of Brexit deal or no deal will be just keep fingers crossed. Tesco does have some foreign earnings - but depends also on which way sterling will settle. I see as one bright spot for Tesco is their smaller shops the Tesco Extras that are open late and taking back business from the private corner shops - very handy and very competitive. Post Brexit - if it does happen - it probably will companies that depend on home produce better placed. In some circumstances cannot see Brexit being good for Aldi and Lidl with foreign imported stuff but depends on the tariff regime that we get. Just thoughts!
Would keep the bakery,even lidl do that. It's the aroma,in fact instead of extractor fans,i'd blow it across the store. Nothing is permanent,if they get it wrong then it's easy to reinstate deli counters.Prehaps consumer buying habits change?
I started using Tesco again recently partly because the bread was quite good quality. I doubt I'll continue if they start using frozen dough. Treating customers and staff with a ruthless contempt in an attempt to restore margins wrecked by being less ruthless with suppliers can't be the right way to run a supermarket.
I get the impression Tesco rip customers off every opportunity 2 examples Tesco own Mayo small jar say 80p next to it the low cal £1.20 approx, Wine Tesco finest Malbec currently about £12 bought last year say at approx £8, Tesco dont think the customers dont notice we do. The clothing line is rubbish sack the buyers & poach Sainsbury's especially the xmas range of clothes. Just when our local store was starting to get lots of customers in they come out with this announcement, idiots...
You start to wonder if Tesco is being managed properly. I can't believe removing the better quality elements that differentiate Tesco from the discounters is really going to help. If the margins are under pressure is that because Tesco stopped being robust with suppliers for PR purposes some years ago?
fully agreed they tried it with bakery counters in about 1990 when I first began working for them, complete disaster!! If they cant find a way to increase profits any other way than short sighted cuts then MAYBE theve gone as far as they can , try another tac altogether,Do Tesco charge to much for their Groceries? Do competitors have better buying negotiators, do the board get paid too much?Moral instore and on the roads( truckers) distribution wont be high , what else can they do will be the next question , what happened to the RISK taking , lets go and try some thing attitude that got TESCO to number one?
Sunday papers today are reporting Tesco will slash 15k jobs and close most of its meat, fish and deli counters in 2019... The "British Leyland scenario" is continuing to play out as expected... A shrinking giant, bumbling from one PR disaster to another every few months.
I can't believe that the rules can be so wholly. Tesco admit guilt, pay a fine, using shareholders funds. Then the SP gets hit so double whammy for shareholders. The "scapegoats" are thrown under the bus but found to be innocent, years later. Would make a good movie!
I felt sorry for Morriston, their employe gets convicted, goes to jail and again it's the shareholders that come off worse again paying the fine.
So what is wrong? The rules, the audit standards, the enforcement process. It's quite clear who suffers on every occasion. It's doesn't even sound like a lack of evidence issue either by the sound of it.
I expect shareholders will be paying compo soon too