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Tesco (TSCO)     

dai oldenrich - 01 May 2007 16:26

Tesco is one of the worlds leading international retailers. Since the company first the trading name of Tesco, in the mid 1920s, the group has expanded into different formats, different markets and different sectors. The UKs leading retailer Tesco was floated on the stock exchange in 1947 and in 1995 took over rival Sainsburys position as the UK number one. The principal activity of the group is food retailing, with over 2,000 stores worldwide. Tesco has a long term strategy for growth, based on four key parts: growth in the Core UK business, to expand by growing internationally, to be as strong in non-food as in food and to follow customers into new retailing services. The company launched a home shopping service in 2000, allowing customers to order their shopping online. Tesco is now expanding its convenience stores and overseas into areas such as Taiwan, Malaysia, Poland, the US and Ireland.

Chart.aspx?Provider=EODIntra&Code=tsco&S

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

dreamcatcher - 11 Mar 2012 08:53 - 496 of 1721


Tesco chief vows to step up giant's overhaul

1By Jamie Grierson
Wednesday, 7 March 2012


The boss of Tesco said it could take 18 months for the supermarket giant to move ahead of its rivals as he moves to reset the business after years of tough trade.
Philip Clarke told a daily newspaper he plans to cram a three-year overhaul into the next 12 months, including a raft of initiatives dealing with online, price and home delivery.

The chief executive, who replaced Sir Terry Leahy last year, said: "We had a three-year plan for the UK, but now we're going to do it all in 2012. This is the beginning of a big change."

His comments comes after Tesco said it would create 20,000 jobs in the UK over the next two years in customer service, refreshing existing stores and opening new ones.

Mr Clarke also said the group's US arm Fresh -amp; Easy could break even later this year after racking up around £700m in losses since its 2007 launch.

The Liverpudlian admitted Christmas had been disappointing after its Big Price Drop campaign flopped, prompting a £5bn slump in its market value.

The grocer has lost market share as it triggered a price war with rivals, including Sainsbury's Asda.

Mr Clarke said: "Last summer was tough as we were diagnosing what had gone wrong in the UK, testing ideas. Christmas wasn't great, but it hasn't been great for two or three years."

"It's fairly obvious to me that we had been asking our colleagues to do too much. Now they can get ahead again."

Tesco is being supported by a strong performance in its overseas operations. Mr Clarke said Tesco is now market leader in Slovakia, Hungary, Thailand, Malaysia and Ireland.



Read more: http://www.belfasttelegraph.co.uk/business/business-news/tesco-chief-vows-to-step-up-giants-overhaul-16127577.html#ixzz1onRmAjnr

dreamcatcher - 11 Mar 2012 20:00 - 497 of 1721

The chief executive, who replaced Sir Terry Leahy last year, said: "We had a three-year plan for the UK, but now we're going to do it all in 2012. This is the beginning of a big change."

I bet some big guns have said they are not happy taking 3 years. I should think this is make or break for Clarke. He clearly did not see these problems infront of his nose.
I would guess he is under a lot of pressure. Also as he puts it it will take 18 months to
move ahead of its rivals. Does he think the rivals will sit still for the next 18 months
and watch Tesco gain market share. I DONT THINK SO. Going to be a tough job.
As i have said before look forward to the next set of results and so will the city.

required field - 12 Mar 2012 09:23 - 498 of 1721

I would like to think that a rise in the value of the sp is due....

required field - 14 Mar 2012 08:40 - 500 of 1721

Tesco bebe is up a bit.....just has to climb further.....

dreamcatcher - 15 Mar 2012 00:07 - 501 of 1721

Tesco's UK Boss 'To Quit Over Poor Sales'




http://uk.news.yahoo.com/tescos-uk-boss-quit-over-poor-sales-221236200.html

dreamcatcher - 15 Mar 2012 00:10 - 502 of 1721

.

dreamcatcher - 15 Mar 2012 00:12 - 503 of 1721

Sky News city editor Mark Kleinman said: "What this all adds up to is a sign that all is not well at Tesco

dreamcatcher - 15 Mar 2012 00:21 - 505 of 1721

.

Chris Carson - 15 Mar 2012 00:28 - 506 of 1721

For Gods sake Dream get a grip. Sure Tesco are having it rough at the mo, are they likely to go bust? I don't think so! What's with the constant deramping are you bored. Stick to your daily ramping of Range Resources your good at that mate, yawn!

dreamcatcher - 15 Mar 2012 00:30 - 507 of 1721

Thats not the point cc

Chris Carson - 15 Mar 2012 00:31 - 508 of 1721

So exactly what is the point DC?

dreamcatcher - 15 Mar 2012 00:31 - 509 of 1721

You do get bitter, i cannot help bad news

Chris Carson - 15 Mar 2012 00:33 - 510 of 1721

DC - Trust me I am not bitter, just bored with your constant drivel. :O)

dreamcatcher - 15 Mar 2012 00:36 - 511 of 1721

Taken my drivel off cc

Chris Carson - 15 Mar 2012 00:41 - 512 of 1721

No offence meant DC.

dreamcatcher - 15 Mar 2012 00:44 - 513 of 1721

Annoyed with the board of directors.

Chris Carson - 15 Mar 2012 00:49 - 514 of 1721

DC - I know mate, patience is the key, they will turn it around eventually.
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