Tesco has announced it would continue accepting round £1 pound coins after they cease to become legal tender from Sunday. The supermarket giant follows high street chain Poundland and 170,000 small retailers across the country who intend to ignore the Royal Mint’s deadline to stop accepting the coins
The trio of former Tesco executives on trial for fraud have been accused by prosecutors of “cooking the books” and bullying subordinates into compliance.
The UK’s largest chicken supplier 2 Sisters Food Group has been accused of altering the use by dates of their products to extend shelf life and endangering customers of the country’s biggest grocers. According to an expose from The Guardian and ITV News workers at a plant run by 2 Sisters Food, which supplies a third of all the UK’s chicken products as well as Tesco, Sainsbury’s, Aldi, Marks & Spencer and Lidl, were encourages to change the labels on goods. During the 12 day long undercover investigation, workers confirmed they were asked to change the slaughter dates on poultry products meaning food processors would print incorrect use by dates.
The Competition and Market Authority (CMA) has warned that Vision Express’ proposed acquisition of the Tesco Opticians chain could “lead to a worse deal for some customers”. The CMA said a takeover deal could decrease competition for shoppers in three local areas. READ MORE: Tesco sells in-store opticians service to Vision Express Vision Express bought Tesco’s opticians business in April as part of the grocery giant’s turnaround strategy, which aims “simplify its business” as part of the retailer’s financial recovery
Tesco has unveiled Pay+, a new mobile payments app which aims to make shopping trips more convenient for customers looking to pay using their smartphone.
Toy retailer The Entertainer has announced that former Tesco director John Driscoll has been appointed as its new commercial director. Driscoll will leave his role as category director at Tesco, where he has spent over a decade. Prior to his current role which he has held for nearly four years, he acted as senior buying manager at the grocer for nine years.
The trial of three former Tesco executives over the £326 million accounting scandal in 2014 is due to start today. The grocer’s former UK boss Chris Bush, former finance director Carl Rogberg and former commercial director John Scouler – were charged last year with offences including false accounting and fraud by abuse of position. The trio, who have all pleaded not guilty, are due to stand trial at Southwark Crown Court today
Health and beauty retailer Boots has dropped the price of its morning after pill weeks after facing a boycott, and has brought a legal challenge against the charity which initiated it. The British Pregnant Advisory Service (BPAS) has been accused of causing “immense personal distress” to Boots employees, following an ongoing spate over the price of contraceptive pills. In July, major retailers including Superdrug, Asda, Morrisons and Tesco halved the price of their emergency contraceptive pills in light of a BPAS campaign which revealed UK women pay five times as much as their European counterparts
Sainsbury’s boss Mike Coupe has announced ambitious plans to introduce Argos click-and-collect points at 100 convenience stores in preparation for the Christmas period. This most recent push comes a year after Sainsbury’s acquired the catalogue retailer, and highlights Coupe’s goal of having 2000 Argos points of presence in an effort to fight back against Amazon. “Customers are demanding more and more flexibility and more speed in terms of the way they shop with us,” Coupe said
The Co-op grocery chain has followed the example of Tesco and Waitrose by cutting the cost of women’s sanitary products to cover the cost of the so-called “tampon tax”. A five per cent reduction will come into effect from tomorrow, ahead of government proposals to remove the VAT. All 71 of Co-op’s own-label and branded sanitary products will have their prices cut