Blog: Talking shop at Tesco

Joe Ayling | 19 April 2011

just-style has been invited into London this morning for a media briefing on UK retail giant Tesco's full-year results. The figures could hardly be described as sluggish - with profits soaring 11.3% on strong Asian demand - but domestic demand was down.

In terms of clothing sales, which reached the GBP1bn mark last year, the UK is where its at for Tesco.

On the way here I encountered the bullish tactics of another western food bohemoth, McDonald's, when a street rep handed me not one but 25 Big Mac vouchers. Not only that, but the vouchers are only valid today. Tesco will need a more effective tactic to continue its progress on UK soil.

The venue for today's briefing is The Royal Bank Of Scotland, and where else for a supermarket raking in GBP3.54bn profits last year.

Follow further coverage on just-style throughout the day and also on Twitter.


BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

BLOG

Bangladesh works to resolve labour activist issues

The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...

BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

just-style homepage



Forgot your password?