Cee Jay
Striker
looks like their policy of land banking which they were particuarly known for has backfired ?
Tesco
- Thread starter BIG BAZ
- Start date
- Status
looks like their policy of land banking which they were particuarly known for has backfired ?
DisillusionedOldGit
Winger
On piss poor contracts .
B
becs
Guest
I think so.
Their own brand discounter items didn't work. I've noticed recently that previously Value branded products have been rebranded into the standard range and are sold at the standard price. That's a bit sneaky
monkeytassle
Striker
i'll bow to your knowledge here mate. not sure. looks like this Dave Lewis bloke is taking the hit now to wipe the slate clean.
And many are not... As supermarkets and retail go tesco are generally admired as one of the better employers
monkeytassle
Striker
sales data was actually pretty decent. "more people are buying more things at Tesco" according to their ceo
T
The Omega Man
Guest
Used to shop there all the time. Stopped about 2 or so years ago. Simply way too expensive when compared to their competitors.
DisillusionedOldGit
Winger
They've been taking the piss out of the public for decades .I think so.
Their own brand discounter items didn't work. I've noticed recently that previously Value branded products have been rebranded into the standard range and are sold at the standard price. That's a bit sneaky
S
smeg
Guest
Am I the only one that's pro-Tesco? The food is decent, my kids love their Hudl 2's and the discounts on Tesco Direct are good.
Flavour of the month.. People love to knock stuff.. I use all supermarkets including aldi and lidl
Shop sensibly then deals to be had at all
My club card points have paid for chunks of holidays and a ps4 in recent times
Cee Jay
Striker
Sure I read earlier that they had a vast number of legal bods working on land acquisitions and fighting local authorities etc on sites for stores.
Their portfolio of land acquired but not yet developed was mind boggling.
Sainsburys man as I'm lazy and it's near.
But have used aldi and lidle for certain stuff, again as fairly local( got a class jewellry cleaner from Lidl which I use to clean bike chains and cassettes)
BIG BAZ
Striker
Butters
Winger
I use the one at Roker now and again but would prefer this.
monkeytassle
Striker
I did hear some bod this morning saying Tesco were one of the largest land owners in the UK
Cee Jay
Striker
Same here..and huge chucks of it were just sat there tied up while arguing/fighting about future sites.
Suppose much of this subject to their write downs, especially as supermarkets seem to be moving away from huge stores.
yorkyexile
Striker
Aye thats the catch but to go from 3. Odd billion profit last year to a loss of 6. Odd billion this, 9 billion gone in a year if i understand it right? Think the books have been cooked even worse than they let on
B
becs
Guest
I just abuse them. Sign up to all the loyalty cards. Don't go for a couple of weeks and then pop in for a few things in a basket and they give you a voucher to go back for your main shop.
I got £5 off a £40 spend in Morrisons last week and I've got a £7.50 off a £50 spend in Sainsburys to use this week. In each supermarket, I mainly stock up on their special offers as well
Just a write down and certainly won't be on what they paid.
Just like saying that at the height the land we owned should we have sold was worth 10 billion.. Now if we sold it would be close to 5 billion.
Mostly on paper not else.
It clears a huge elephant from the room and I've not seen what tescos are doing in the markets this morning but I wouldn't be surprised to see a small rise in the share price
Hongkongphooey
Striker
That's a lot of teabags
- Status
