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

just-style market research sale

Are you planning for the year ahead and beyond? Well this week we’re offering great deals on some of our market research......

BLOG

Gearing up for the holiday shopping season

The volume of US apparel imports saw an increase in October on the prior year as retailers geared up for the holiday shopping season. Bangladesh booked the second highest growth behind India, reversin...

BLOG

Innovations to boost sustainability

Hong Kong-based textile and apparel giant Esquel Group, the world's largest woven shirt maker, is pushing ahead with the pursuit of sustainable and holistic quality. ...

BLOG

Sign up to try new re:source apparel sourcing tool for free

The old saying "Good things come to those who wait" is certainly true for re:source, the new suite of data-driven sourcing tools being developed by the team here at just-style....

just-style homepage



Forgot your password?