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Tesco now have long queues at all times of days. Complaints are up from customers. (however people complain about queues anyway so I doubt many leave. The biggest problem is Ken Murphy the new CEO. he had a reputation for cutting at boots (and now they are not doing so well.) He is cutting at Tesco as well. Previously Dave Lewis had some actual slack to cut (counters and bakery being totally unprofitable) But there is nothing to cut. And with a very unprofitable dot com operation in the stores at least dragging them down (actual dark stores ie pure dot com 100 vans no customers do make money. There is a reason Aldi and Lidl don't do home delivery and customers want it. It doesn't make money. The Germans know it.
Rowntree’s also, now gone to ruin!
Founder John Cadbury will be turning in his grave at the rubbish American Cadburys products nowadays, when compared to his original Uk products.
A race to the bottom, ruined by foreigners.
Don’t get me started on the once Uk sweetheart, Cadburys, when it was Uk run. Gone downhill fast now that the Americans bought the company and changed all of the recipes.
All of the chocolates now ruined!
Morrisons used to be Uk, now American.
Basically, the Uk is pretty much run by foreigners.
“Uk supermarkets are in steep decline. American brands are in steep growth” Asda? Used to be Uk, but now American.
The fact is it’s a race to the bottom with some supermarkets. The more Tesco competes with the Germans by selling “value” products, then the worse that Tesco shopping experience becomes. Who would want all supermarkets to be like Lidl or Aldi? That would be a very boring world.
You’ve been reading Ulysses again haven’t you?
yeah i know.
Look where skoda are now aswell.
Sounds like some folks are in denial...
Pretty much all UK supermarket brands are in steep, steep decline.
Only the German and American brands are in steep growth.
The trends are clear.
We are witnessing the end of the UK supermarket industry.
Think British Leyland and Rover in the 1980s.
what a load of ballocks
Sounds like wishful thinking...
Aldi and Lidl today already deliver 10-30% more revenue per sq-ft than Tesco -- the German shops are significantly better managed.
Tesco's overseas expansion is in reverse, its UK online business is largely a flop, and its UK grocery marketshare has already slumped from 33% to 27% in the past few years.
Once Morrisons are well in the rear-view mirror, Aldi and Lidl will take aim at Asda, then Sainsbury's, then Tesco. They are taking down the British supermarkets, one by one. It wouldn't be a surprise, at all, to see Tesco's UK grocery share down to the 15-25% range by 2030.
The good thing about Waitrose is that it doesn't have shareholders to pay , same for John Lewis. The partners are simply told there's no bonus this year. As for Tesco's I imagine there will be a share price crash due to earnings , and as for Asda they are near the end thanks to the bunch that run the place. They clearly don't have the management or infrastructure in place due to Walmarts lack of investment. I imagine Tesco will be absolutely fine as they have the best management.
Tesco has bigger fish to fry than a few rubbish self-service tills.
The Germans (Aldi and Lidl) and Americans (Amazon) are terminating the UK supermarket industry -- like they crushed the UK car industry in the 1970s. With higher productivity, better quality, and lower costs. Death by a thousand cuts.
Morrisons is on the way out, like the old Gateway supermarkets. Waitrose has started to freefall, due to ridiculous prices. Asda has uncontrollable debt. Ocado burns cash like a furnace. Sainsbury's is trapped in no-man's land, neither cheap nor premium. Tesco has overpriced cornershops and oversized supermarkets.
The future for all UK supermarket firms thru 2030 is very bleak.
Flyer just delieved.......enjoy £18 off your first online grocery shop of £60* or more ........Sainsbury, hmmm was that a omen.......
All the Tesco self service shops ive been to take cash...get rid of my loose change....taken just a few to trade ....hopefully short term....ATB
ALL check outs and self service tills should take cash. Absolutely no reason why not.
Stopped shopping at tesco almost entirely now, used to do all my supermarket shopping there.
Went to tesco yesterday. Price of an item two weeks ago was 31p. Yesterday was £1.00.
No explanation why!!!!
I've not had an issue with their self-service tills. This is an investment forum, not twitter. I care about profits and growth.
I'm glad they're supporting those charities. Would you like some egg with you gammon?
Worth noting several adverse comments on Twitter from customers concerning recent management actions.
Installation of too many poor self-service tills seems likely to reduce footfall and spend, whilst the political signalling is going down like a lead balloon:
https://twitter.com/shorty_88a/status/1569778494074195968?s=21&t=WEnRSV4NnZd-asRVGpd11A
https://twitter.com/markreckless/status/1569601434093592577?s=21&t=WEnRSV4NnZd-asRVGpd11A
who cares
Maybe it's a lack of communication with the Tesco Goons
https://www.youtube.com/watch?v=cPPURvZniPI
yeah i know, but why do the shares drop at the end of trading each day???
US inflation figures worse than expected. UK trying to avoid a recession by the skin of it's teeth, all points to more interest rate hikes, higher energy prices this winter... Take your pick.
The upcoming fiscal statement - gov. needs to pull a rabbit out of the perverbial hat.
Probably because the supermarkets announced they will close on the Queens funeral bank holiday?