Tesco has appointmented Guus Dekkers as its new chief technology officer to replace Edmond Mesrobian who is resigning. Dekkers will join Tesco on April 16, reporting directly to group chief executive Dave Lewis. Meanwhile, Mesrobian is returning to his home city of Seattle with his wife Holly and their four children
The controversy surrounding Sainsbury’s proposed changes to staff pay has continued to develop as Labour MP Siobhain McDonagh calls them “deplorable”.
Two separate grocery market share data have shown that British supermarkets continued to record soaring sales, spurred on by festivities such as Valentine’s Day and Chinese New Year. According to the latest figures from Kantar Worldpanel, published today for the 12 weeks to February 25, grocery sales increased in value by 3.2 per cent compared to the same time last year – marking the 12th consecutive period that total sales exceeded three per cent
Tesco shareholders have given the green light for the upcoming takeover of the UK’s largest supplier Booker in a landslide vote. The proposed £3.7 billion takeover deal was approved by 85.22 per cent of Tesco investors this morning according to a provisional voting announcement
Two hundred million £10 notes remain in circulation and retailers are reportedly still handing them to customers despite them ceasing to be legal tender on Thursday. The Bank of England has not yet urged shops to stop circulating the notes as the disappearance of a potential £2 billion spendable money could cause bedlam. Major retailers like Tesco and Sainsbury’s have said they will stop accepting the notes after Thursday, despite extending their deadlines when the new pound coin was introduced by over a week in order to “help customers”.
Another prominent investment advisory firm has muscled in on the Tesco-Booker merger, recommending Booker shareholders reject the deal.
Tesco has issued an apology after a malfunction in its payment system caused hundreds of customers card payments to be processed up to three months after purchase. The glitch, which is thought to have affected around 300 of its Express convenience stores, pushed many customers into the red causing them to go beyond their agreed overdraft limits
Aldi has topped the annual Which? supermarket satisfaction survey as value for money continues to be the key driver for shoppers. The annual survey of 6800 shoppers judges the UK’s top supermarkets on their shopping experience over the last six months both online and in store
Over the past week $4 trillion (£2.87 trillion) disappeared from global equity markets in the largest stock market crash seen since 2008. Fortunately, most markets have since rebound and investors seem to believe the worst is over. Despite calm returning to most markets, it was enough to remind people of the chaos of the last financial crash and led some to believe, if only briefly, that another crisis was imminent.
The UK’s second largest supermarket has paid £60 million to acquire the Nectar loyalty scheme in a move to acquire swathes of customer data. The loyalty rewards programme – launched in 2002 and combines the loyalty schemes of over 500 brands including eBay, British Gas and BP – was purchased from Canadian firm Aimia.