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 trade probe could have costs for cotton

An International Trade Commission hearing got underway last week as part of the Trump administration's probe into China's intellectual property practices under Section 301 of the 1974 Trade Act. The a...

BLOG

Stop negotiating and bring in the engineers

Surviving in a declining market is the biggest challenge for discount/mass-market retailers and suppliers of commodity products such as basic T-shirts, hoodies or cotton men's shirts – which is why it...

BLOG

The implications of buyer purchasing practices

New research has delved into one relatively underexplored aspect of global supply chains: how buyer purchasing practices impact wages and working conditions....

BLOG

just-style readership survey 2017 – Final reminder

We’re currently carrying out a survey to get a better understanding of the issues that matter the most to our readers, and how we can better serve you in the future. ...

just-style homepage



Forgot your password?