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.

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

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.

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

http://www.guardian.co.uk/business/2012/mar/13/tesco-pension-changes-work-longer-cpi

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

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




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

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

http://www.ft.com/cms/s/0/16308974-6e2e-11e1-b98d-00144feab49a.html

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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!

Thats not the point cc

So exactly what is the point DC?

You do get bitter, i cannot help bad news

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

Taken my drivel off cc

No offence meant DC.

Annoyed with the board of directors.

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

So this is what the night shift get upto! :-)

Here you go DC.




Failed strategy: Mr Brasher was behind Tesco's 'Big Price Drop' campaign, which failed to deliver the boost in sales and profits the company was looking for.



RNS Number : 4039Z

Tesco PLC

15 March 2012


directorate change

As a consequence of Philip Clarke's decision to take a much closer involvement in the UK business Tesco plc announces today that Richard Brasher has decided to step down from the Board with immediate effect and to leave the Company in July once he has effected a smooth transition of the UK business to Philip.

Philip Clarke said: "I have decided to assume responsibility as the CEO of our UK business at this very important time. This greater focus will allow me to oversee the improvements that are so important for customers. I completely understand why Richard has decided to leave and want to thank him for the great contribution he has made over many years. The depth of management at Tesco and the strong leadership team across the Group allow me to take a more active role in the UK whilst our other businesses continue to grow.

"Richard has been an architect of our successful format strategy; a true innovator with both Clubcard and the dunnhumby partnership; and over the last ten years has led the transformation of our non-food business and the creation of International Sourcing.

"He will leave behind a UK business which has very strong plans for improvement, and over the last two months these plans are beginning to show progress, in line with our expectations. I am more determined than ever that these improvements in the UK will result in a better Tesco and an even better shopping trip for customers."

-ENDS-