Tesco latest news

Here are some of the latest news and updates from Tesco:

Recent News

  1. Tesco to launch new loyalty scheme: Tesco has announced plans to launch a new loyalty scheme, called Tesco Rewards, which will replace its existing Clubcard scheme. The new scheme will offer customers more personalized rewards and offers. (Source: The Grocer)
  2. Tesco to cut prices on thousands of products: Tesco has announced plans to cut prices on thousands of products across its stores, including fresh food, meat, and dairy products. The price cuts are part of the company's efforts to stay competitive in the market. (Source: BBC News)
  3. Tesco to open new convenience store format: Tesco has announced plans to open a new convenience store format, called Tesco Express, which will offer a wider range of products and services than its existing convenience stores. The new format will debut in London and the South East. (Source: Retail Week)
  4. Tesco to invest in online grocery shopping: Tesco has announced plans to invest £1 billion in its online grocery shopping business, including the development of new technology and the expansion of its delivery network. (Source: The Telegraph)
  5. Tesco to launch new own-brand food range: Tesco has announced plans to launch a new own-brand food range, called Tesco Finest, which will offer high-quality, premium products at affordable prices. The range will debut in stores later this year. (Source: Food Manufacture)

Recent Financial Results

  1. Tesco reports strong sales growth: Tesco has reported strong sales growth in its latest financial results, with like-for-like sales up 2.4% in the first half of the year. The company also reported a 12.1% increase in online sales. (Source: Tesco's Half-Year Results)
  2. Tesco's profits rise despite challenges: Tesco has reported a rise in profits despite challenges in the market, including increased competition and food price inflation. The company's pre-tax profits rose 1.4% to £1.3 billion in the first half of the year. (Source: The Guardian)

Recent Awards and Recognition

  1. Tesco wins award for sustainability: Tesco has won an award for its sustainability efforts, including its work to reduce food waste and increase the use of renewable energy. The company was named "Sustainability Retailer of the Year" at the Retail Week Awards. (Source: Retail Week)
  2. Tesco named one of the UK's top employers: Tesco has been named one of the UK's top employers by the Top Employers Institute, which recognizes companies that offer excellent employee benefits and working conditions. (Source: HR Magazine)

I hope this information is helpful!