Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Hi all, another still optimistic LTH here.
At times, i've doubted myself but still think the fundamentals are all there for exponential sales and SP growth. Will admit to getting irritated by Matt's mud throwing and rants.
Still scan read this board each day, but more for amusement value now rather than valuable insight (there are some exceptions who i will always read)
Patience is still required!
I’d head to Specsavers… 😎
I suspect only when it’s jam today…
my goodness mr moniman, you do sprout an enormous volume of pure ******
are you a failed actor or musician as you seem to be entirely driven by emotion, with zero business acumen. do you think tesco would overly interested their volume of communication to shareholders? amazing how you link a historic accounting scandal with another company that has reasonable fitch rating for its state of maturity.
i find it incredulous how you mean such venom for a company and individual (rejected?) when you argue that you are a shareholder, albeit by someone else.
you really need to get hold of your emotions here and ideally leave this bb until you've sorted yourself out
Exactly. So standard store food and GM ranges would be picked either by Tesco's dark stores or their pick from store model. Marketplace would be handled separately, including delivery - feasibly could be done at one of their dark stores if they had the space, but would certainly challenge their business model.
So why not use an expert?
The key point of interest for here is that the products will appear ALONGSIDE core Tesco ones on Tesco.com BUT ‘Those brands on the marketplace will fulfil orders directly to customers’ doors.’ So not on a Tesco delivery
Part 2
“Adding a marketplace to Tesco.com would be a natural progression to their online service offering and would follow the lead of other EU and US grocery providers,” he said. “The failure of Tesco Direct will still be fresh in their memory. This time round they should take a leaf out of Walmart’s playbook and fully integrate the marketplace into their omnichannel experience, thus giving them a competitive advantage over Amazon.
“It is a positive development that will drive more sales and bring more traffic into Tesco.com that they can turn into advertising revenue,” Adams added.
More recently Tesco launched an online marketplace – Tesco Exchange – which allows suppliers to cut costs and reduce food waste by selling or donating surplus stock to other manufacturers. The service, which launched in November, is available to more than 3,500 Tesco suppliers. However, no direct sales are made on the platform, with arrangements made between buying and selling parties privately.
Other supermarkets and retailers have launched marketplace models, among them M&S, Walmart, Carrefour, Kroger, Boots, Superdrug and The Range. In some cases the retailer will work with sellers spanning the full range of categories, while others restrict third party dealings to homeware and fashion.
Apologies if someone has already shared this (i struggle to keep up with all the threads, especially when its trading insults), but here's the article in full from the grocer.
This is my area of expertise and i can think of few companies that can realistically do this, ingenuity being one…. imho
Tesco is to launch an online marketplace that will give customers the ability to shop “a broad range of third-party products” alongside groceries on the supermarket’s website.
The retailer is understood to have been working on the technology underpinning the marketplace for the past two years. It is now building a team that will be responsible for recruiting sellers and working with them on “range, merchandising and promotional strategies”.
For customers, third-party seller products will be available “seamlessly” alongside their “core grocery basket” on Tesco.com.
The supermarket is currently recruiting for a marketplace business development manager, who will manage the seller cohort and develop a “compelling range proposition”. Sellers will be prioritised using a “data-driven approach”.
A job listing for the role says the marketplace is a “key pillar” of Tesco’s strategy to be ‘easily the most convenient’ grocer – a strategy set out in late 2021 to serve customers “wherever, whenever and however they want to be served”, with online playing a major role.
The Grocer understands the marketplace will offer a broad range of categories with a focus on petfood, health & beauty and alcohol. The marketplace will offer larger pack sizes than are available in stores. It is understood the marketplace will launch as soon as the start of next year, with brands that already sell in Tesco stores as well as unlisted challenger brands. Those brands on the marketplace will fulfil orders directly to customers’ doors.
Tesco would not confirm or deny the marketplace launch, saying only that it was in ongoing discussions with suppliers to build out its online proposition.
The marketplace model is not a new one to Tesco, which in 2012 opened up its non-grocery offering Tesco Direct to third-party sellers. Tesco Direct ceased trading in July 2018, with the company saying there was no prospect of the loss-making concern becoming profitable. Along with hundreds of job losses, its closure saw around 300 merchants lose a small but solid sales channel.
“In a nutshell, they tried to take on Amazon in a category they are not known for – non-food items – with an inferior customer experience and without a sustainable logistics infrastructure,” said Paul Adams, CEO of marketplace services platform Tambo.
Analysts argued Tesco Direct was too protectionist when it came to the sellers it would accept, with overcaution about listing products that might compete with its own. But Adams believes a second shot by the retailer could prove more successful.
Mr Moniman
You’ve attempted the same Dad joke three times now and still nobody is laughing.
Remember the only reason your mummy keeps telling you you’re so funny is because disappointingly for her you’re unlikely ever to attract a partner and give her a grandchild she can actually care for.
Give it up. You’re boring 🥱
Starting to think i should change my lse username to something more realistic...
I’ve just seen MP bcaa powders, clear whey and around a dozen bars and cookies in my local larger Sainsburys supermarket. Not seen before - think part of a larger wellness range launch over last few weeks.
Not yet online
I still live in hope that the day will come….
And sooner rather than later please….
Of course you can't.
You'd then have to admit you know nothing.
Yawn.
From yesterday's The Grocer. No explicit mention of THG/myP but a broader focus on health in post-HFSS world. Apologies for length, but behind a firewall:
Asda looks to be gearing up to launch a new health-focused own label range, as part of efforts to widen its range of ‘better for you’ products.
The supermarket has registered the brand name ’The Health Kitchen’ with the government’s Intellectual Property Office.
The listing covers four classes, including prepared and frozen meat, fish and vegetables; bread pastries, pasta and noodle products; fresh and raw fruit & veg; and alcoholic and non-alcohol beverages.
Asda has been working to increase the number of “more nutritionally balanced” options available in its stores, including by improving the menu on its Kids Eat for £1 café menu.
It also launched two new plant-based vegan ranges – OMV and Plant Based by Asda – in January this year.
A spokesman for Asda declined to comment further on the listing.
The launch would see Asda become the latest of the of traditional big four grocers to launch more ‘healthier’ own-label options amid a clampdown on HFSS products. Supermarkets have also faced wider calls from campaign groups to make healthy food more affordable.
Tesco is currently undertaking what has been described as its biggest range review since 2015. Part of that includes an ambition to ensure that 65% of its sales by 2025 are of products classed as ‘healthy’. It has asked suppliers to set reformulation targets aimed at reducing the levels of salt and sugar if they have not already done so, and to make healthier products more affordable.
In January, Sainsbury’s launched its own 65-strong Flourish range, which features snacks and hot ready meals. The menu would make “sticking to healthy habits easier” Sainsbury’s said at the time.
The name is similar to Morrisons’ Nourish line of “nutritional” products, which includes ready meals, salads and smoothies, first launched in January 2021. Sainsbury’s has also since launched a new Kitchen Deli to go range, which began rolling into stores this week.
Outside the ‘big four’, Waitrose offers a suite of gut health and vegan lines as under of its Holistic Living banner, launched in 2021. It became the latest retailer to widen its functional beverage offer, with the launch of dedicated bays in a small number of stores in May.
Under current HFSS rules which came into force in October 2022, retailers are banned from displaying HFSS products in prominent locations in stores, for example on gondola ends or near checkouts. However, the introduction of a ban on the use of multibuys or bogof deals on HFSS products has been delayed until at least 2025.
You should be AS1 - this has been a phenomenal test of resilience and self-belief. I've still a 20p to do for my 250k to turn profit, but had conviction to keep buying in 40s, 50s, 70s and 80s having spent far too much in 200s….
Keep the faith and don't sell.
Loving the new accounts joining over last few days with their nonsense.
GLA LTHs
Congrats B1nky.
4 more days and I’ll join you. And will be finally be able to look my wife squarely in the eyes…
Been burnt too many times with this share, but loving this organic growth and the resilience it's starting to show.
Still got my 240k locked down - happy to sit tight and see this unfold
GLA LTHs.
One day...
Https://metro.co.uk/2023/06/27/boots-to-close-300-stores-across-the-uk-19025192/
More eyes towards digital beauty…
Https://www.thegrocer.co.uk/technology-and-supply-chain/iceland-foods-to-use-smart-vending-machines-to-sell-frozen-ready-meals-in-gyms/679536.article
Iceland Foods is to trial the use of smart vending machines to sell frozen ready meals in gyms.
The vending machines, which are manufactured by Mother, will stock 10 varieties of frozen Myprotein meals, priced between £5 and £5.50 depending on portion size.
The trial launched in a single Fitness First gym in Wigan today (24 May), but will be rolled out to more sites nationwide if the trial is deemed to be successful, the supermarket said.
Lines include a low calorie Pulled Pork Mac & Cheese (350g, rsp £5), Katsu Chicken and Chicken Tikka curries (both 350g, rsp £5) as well as Singapore Noodles (550g, rsp £5.50).
The new trial would give gym goers “ultimate convenience” by being able to collect a meal post workout, to be cooked when they get home, the supermarket said.
“Iceland is proud to expand its existing brand partnership with Myprotein, and work together with Fitness First, to bring people quick, easy and nutritious protein-packed meals that support them in living a healthy lifestyle,” said Andrew Staniland, group buying director at Iceland Foods & The Food Warehouse.
“When we came up with the idea, we just knew we had to trial it. We can’t wait to see the machines rolled out across many more Fitness First locations very soon,” Staniland said.
Iceland has held an exclusive licensing agreement with Myprotein owner THG to stock the high protein brand since October 2022.
Under the five-year partnership the supermarket lists the brand’s desserts and ready meals across its 1,000 Iceland and Food Warehouse stores. The two have also been developing a new exclusive Myprotein range.
Myprotein entered Iceland stores in January and the supermarket has been on a marketing blitz of late, including a competition held at its Tottenham Food Warehouse store last week. The chain promised to give a year’s supply of Myprotein ready meals to the first customer who could lift the lid of “the world’s heaviest” blue fridge.
“It’s a testament to the smart vending machine category that brands like Myprotein are now actively using vending to help reach new customers and build their brand awareness,” said Mother, CEO and founder Phil Davison. He added that a Myprotein smart vending machine is a “perfect fit” for gyms.
“The interactive user interface, cashless and mobile payments, product filtering, nutritional information, product animations and special offers all contribute to what customers are demanding nowadays – a modern day digital retail experience, he said.
Fair to say some of the early gloating on here made me feel pretty nauseous. The gloating at others losses and the claims of incredible hindsight don’t reflect well on the posters.
As the dust settles, and certainly after reading the RNS and then LinkedIn post, the decision made feels a sound one and certainly in the longer term interest of investors.
GLA LTHs. Have patience and use your filter