Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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?
Deli, fish, meat etc, closing canteens,look after your staff & customers no difference to discounters if implemented, its simple they will loose customers in there droves........plonkers
"if they got it wrong , surely someone at the top of the unit should be looking for other work !!"
Whereas those nearer the bottom are going to be looking for work apparently. Odd that the BBC haven't noticed the news of the cuts.
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
if they got it wrong , surely someone at the top of the unit should be looking for other work !!
My thoughts too. Seems to imply that never was anything that amounted to fraud. Very strange.
So who is guilty of the serious financial fraud that effected so many share holders ?
Haven't visited these pages in a while but good to see the troll(s) have finally been banned!
Stopped reading as the repetitive nonsense spoiled what was an informative message board.
Sold my holding a few months back but decided to buy back in again before Christmas. Look forward to reading all the new and views.
Regards,
saurus
agreed.
Skier, I think you are wrong.
Lidl and Aldi will reach a peak of market share soon. Most folk I know use them fora while and migrate back to their old favorites. Personally I spread it about, whoever is closest when I need what I need.
Is ok .
No posts since last september ??
ATB opers if your out there !!
TMF, terrible drivel!!
Yes but that is TMF and they will doubtless put out another article in the next few days explaining why Tesco is likely to go bust this year. I gave up reading their b******t years ago!
Yesterday Sainsbury's share price rose almost 4% by the end of the day on much worse results than Tesco's. People mentioning British Leyland... you can buy cars from just about any country, but you aren't going to go to Germany to get your weekly shop. Many people do still like to go to the supermarket and push a trolley around and Tesco's is obviously still one of the UK's leading retailers in this department based on today's results. Even Marks and Spencer's shares were higher this morning compared to Tesco's, and just like Sainsbury's, Marks and Spencer's posted worse results. Last Thursday the same happened with Next. They did not start to rise until the day after they released the results possibly so institutions can take a more favourable position. All of my RNS news bulletins today talk about Tesco's being the outstanding Christmas retailer based on RESULTS. Let's hope this is reflected in their share price soon.
Expects more of a bounce today!! Meow...............THUD
A huge well done to all the hardworking Tesco staff,
I note that over 100,000 customers have returned,
the only way is up unlike British Leyland,
GLA..
Expects more of a bounce today!!
Wish it were true, mate.
Amazon (from America) is destroying everybody online. British copycats are in freefall, like Argos and Asos.
Aldi and Lidl (from Germany) are destroying everybody offline. British copycats are relentlessly losing marketshare every year, like Tesco and Sainsbury's.
There is zero major innovation coming from British brands. Online and onphone innovation is coming from the Americans. Discounter innovation is coming from the Germans.
British retail brands are collapsing. Foreign brands are crushing everyone. We are living (right now) through the end of the British-led retail industry. A slowmotion car crash.
Investors are finally waking up to this new (and alarming) reality.
Uk supermarket business probably the most innovative/competitive in developed world.
Nothing wrong here.
Pretty much all results in line with expectations.
Foreign retail brands (like Aldi) growing fast (5-15%)... British retail brands (like Tesco) growing slow (1-5%).
A slow death over many years of relentless foreign attrition.
Like British Leyland.
Tesco says trading in the six weeks to Christmas was "strong".
The company said like-for-like sales, which strip out the impact of new stores, were up 2.2% at its UK supermarkets.
Sales at the wholesaler Booker, which Tesco bought in 2017, rose 6.7% over the six-week period.
Tesco's figures were released along with its third quarter trading update. This showed sales up 1.9% for the period.
Tesco's has a large base (491,000) of internet delivery subcribers and increasing (3.8% since last year).This trend is only likely to increase as the younger generation find it boring to push a trolley round a supermarket.
With Booker supplying and extending Tesco's presence,let Aldi and Lidl spend their money on 100's of new outlets,in my opinion an expensive exercise.
Share price should go from strength to strength