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).

£4 by christmas......

hmmmmmmmmmmm.

India opens retail to global supermarkets

ndia's government has once again cleared a controversial plan to open up its lucrative retail sector to global supermarket chains.

Last year, the government suspended a similar plan after fierce opposition from its allies and political rivals.

International firms such as Walmart and Tesco will now be able to buy up to a 51% stake in multi-brand retailers.

Analysts say the government has reintroduced the measure in an effort to revive a flagging economy.

Prime Minister Manmohan Singh said: "I believe that these steps will help strengthen our growth process and generate employment in these difficult times."

TSCO looks like a short to us ahead of half year results due early October.

Don't talk rubbish hali.,.

I see they pick a decent town Bishops Stortford, The store is only a mile from me.lol





Tesco analysis: Is Philip Clarke's £1bn turnaround plan working?
The challenges facing Philip Clarke, the chief executive of Tesco, are not dissimilar to those of the manager of his beloved Liverpool football team, Brendan Rodgers.

Philip Clarke has put fruit and vegetables back at the forefront of Tesco Photo: AFP



By Graham Ruddick
7:08PM BST 24 Sep 2012
1 Comment
Both must turn around British institutions, both are following in the footsteps of hugely successful leaders – Sir Terry Leahy and Kenny Dalglish – and both have taken direct responsibility for the strategy to improve their organisation.

“We will win a game before the end of the season,” Clarke gloomily predicted of his football team after their 2-1 defeat to Manchester United.

Judging by the revamped Tesco in Hertfordshire that Clarke gave a tour of on Monday, the Tesco boss has made a quicker start than Rodgers.

After years of expansion into non-food markets under Sir Terry, Clarke is putting food back at the heart of Tesco as part of his £1bn UK turnaround plan.

The basic facts of the Bishop’s Stortford superstore speak for themselves – there has been a 23pc reduction in space dedicated to non-food and the amount of the store dedicated to food has risen from 77pc to 87pc.

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There are 1,800 new products, 1,850 revamped products and Tesco has rebranded its Tesco Value range as Everyday Value.

But more striking than the facts is the visible shift in priorities in the store.

When Tesco opened in the town in 1990, food was at the front of the store. However, within a decade, visitors were instead greeted by general merchandise such as clothing.

Now, Clarke has put fruit and vegetables back at the forefront of Tesco.

“In a store this tight, customers say 'I want food first’,” explains Clarke.

Bishop’s Stortford is one of a handful of Tesco stores where management are testing initiatives that will be rolled out to 25pc of UK stores this year.

The most striking ideas include a new fish counter, cake stand and a health and beauty section with a deliberately pastel colour scheme and dedicated sports nutrition range.

However, as noticeable as the more spacious and welcoming store layout – criticised in the past as too clinical – is the range of foods.

Clarke points to a £1.89 pea and asparagus risotto as his favourite food from the dramatically expanded frozen range, but round the corner is Voss water for twice that price. Close to the Voss water are gourmet pizzas and hand-piped cupcakes.

According to Clarke, this is another aspect of the Tesco back-to-basics revamp – give the customers what they want. Bishop’s Stortford is a relatively upmarket commuter town, and the range of products reflects that.

“In the past our range was about store size, now it’s about store profile,” Clarke explains.

However, whether the strategy works remains to be seen.

The UK management team, led by Clarke, is meeting every week to update on progress and has earned the nickname of “The Baldock Group”, after the store in Hertfordshire where they held early meetings.

In total, Tesco is running 150 different projects in stores and Clarke says: “We have a huge amount still to do.”

None the less, with half-year figures due to be published by Tesco on October 3, Clarke will be hoping the results of Tesco’s new era are better than Liverpool’s.

bb suggest you visit your local TSCO and observe the half empty car park.

All generalisations are dangerous including this one.
If you visited mine you'd be searching for a space and that despite 3 extensions in the last 3 years.

Yeah, h, that is a totally inaccurate statement. Maybe Tesco is too expensive for people in your area, but here in Norfolk you have to drive round & round the carpark trying to find a space most days! Perhaps you ought to move to a better area where Lidl & Alde aren't the market leaders! ;o)

Harry sorry we appear to have touched a nerve, after two profit warnings this year withdrawal from Japan and running an unprofitable business in US we don't think their forthcoming results are likely to impress.

This Bishops Stortford Store is their highest profit earner country wide. Forthcoming results may not impress, due to the high spend requirments to put the business back in order. The city seem to think Tesco are going down the road to be back on track.
It was known this would not happen over night. So looks like one step back with the
perhaps results, then two forward. Mind you other supermmarkets are not sitting still
watching. :-)) Very interesting.

Half empty carpark, they were closed halifax :-))

Tesco gets boost as recovery plans become clear
Tue 25 Sep 2012

TSCO - Tesco

Latest Prices
Name Price %
Tesco 339.95p -0.86%

FTSE 100 5,768 -1.56%
FTSE 350 3,075 -1.57%
FTSE All-Share 3,010 -1.55%
FTSEurofirst 300 1,099 -1.86%
Food & Drug Retailers 4,227 -0.98%

LONDON (SHARECAST) - The market appears to buy Tesco’s plans for its under-pressure UK business, after the Chief Executive Philip Clarke admitted Britain’s biggest retailer has a ‘long way to go’ while attending a store opening yesterday (Monday).

Tesco’s shares dropped 20% at the beginning of January following a profit warning. Since then the company has turned in sales figures consistently down on the prior year, while the boss of UK operations, Richard Brasher resigned in March.

News of the supermarket chain's falliblity shocked investors used to Tesco obliterating all opposition through a strategy of rolling store openings and extremely tight pricing.

The firm believes the wheels came off partly because it stopped focusing on the UK. Projects in both the US and Asia came to dominate the headlines but more crucially the domestic store offering was seen to have become jaded.

That’s changing, with a £1bn investment programme underway, more staff being recruited to enhance customers’ in-store experience and data from Tesco’s Clubcard being used to calibrate the offering in each store to reflect more closely the demographic of its area.

The platform for Tesco to deliver all these positive messages was a store reopening in Bishops Stortford, Hertfordshire, attended by Chief Executive Philip Clarke and a bevy of journalists. The context though is difficult. The competition has upped its game and Tesco saw its market share drop from 30.9% in April 2011 to 30.7% in April this year.

It may seem like a small drop but after years of expansion, these are worrying times for Tesco. Nevertheless, with a new strategy in place, the stock has risen nearly 10% in the last three months and, following the Bishops Stortford junket, and consequent press coverage, they have pushed up 0.6% on Tuesday

Love it or hate it, Tesco is major news for investors, and the UK's biggest supermarket is due to report interim figures on Wednesday. The full year ends February 2013, and the consensus of City analysts put the shares, currently priced at 340p, on a forward P/E of 10, falling to 9.5 on 2014 forecasts, which is low. And dividends of around 4.5% are expected this year and next.

Warren Buffett has a big investment in Tesco, but since its poor Christmas trading last year, a lot of people think the wheels might have come off the company's previously inexorable growth. But I think the doomsayers are seeing things too narrowly, and one promotional season gone wrong is not the end of it all. And the big thing many people miss is that Tesco is increasingly an international operator, with a third of its business already outside the UK.

got stopped out yesterday with profit, so will wait and see.,.

looking for about 315p to get back in.,.

I think you are best out Bb and if there is a drop on news head back in.

Half Yearly Report

Financial headlines:

· Group sales up 1.4% to £36.0bn* (up 3.2% at constant rates); Group sales exc. petrol up 1.6% (up 3.7% at constant rates)

· Statutory profit before tax down (11.6)% to £1.7bn; Underlying profit before tax down (8.5)% to £1.8bn

· Group trading profit of £1.6bn, down (10.5)% - UK down (12.4)% to £1.1bn; International down (17.1)% to £0.4bn; Tesco Bank up 114% to £94m

· Underlying diluted EPS reduction of (7.9)%**

· Interim dividend per share maintained at 4.63p

· Group capital expenditure brought down from £2.1bn to £1.6bn; on track for a full year reduction to c.£3.2bn

Business update:

· UK plan implementation underway, with improvements in UK sales performance, including like-for-like sales growth in second quarter

· Reduced new UK space programme on track; greater focus on Express, with 60 new stores in H1

· Grocery online business continues to outperform, growing by 11% in the UK; dotcom now launched in Poland and Slovakia, with Thailand and Malaysia launching soon

· Tesco Bank migration successfully completed onto new, modern platforms; mortgages launched

· Majority of businesses in Asia and Europe gained or held share, in tough external environment

· United States losses reduced slightly to £(72)m at constant rates; actions taken to reduce losses further in the second half

· Successful property transactions completed in Thailand and Korea, raising c.£700m proceeds

· Japanese market exit deal agreed with Aeon

Share holders will now press to ditch USA operations

tquite a steady day today considering - but results were expected