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Retailers all over the world are taking a more personal approach to their customers in a bid to stand out from the crowd.
Tesco boss Dave Lewis believes the grocer has “stepped forward” as a business after hitting its lowest ebb, but warned “nothing is guaranteed”.
Tesco has reported a 55% slump in profit during its first half but has hailed “further improvement” in like-for-like sales during its second quarter.
Bargain Booze owner Conviviality Retail has completed the acquisition of supplier Matthew Clark and dropped the word ‘retail’ from its name.
Tesco boss Dave Lewis has warned its staff could face losing some of their staff benefits as the impact of the living wage takes hold.
Retail news round-up on October 7, 2015: Shop prices fall, Tesco’s ‘secret talks’ with SFO and Dixons Carphone names boss of consultancy business.
Tesco reports a 55% fall in operating profits, but hails improving like-for-likes, volumes and transactions in its core UK business.
Tesco has reported a 55% slide in half-year profits as boss Dave Lewis continues his attempts to turn around the business.
Like almost every grocer’s results at the moment, Tesco’s update was a mixed bag – but the big worry is the underperforming superstore estate.
An online offer might help Aldi lock in loyalty, but it has the potential to halt its growth trajectory and damage the business in the long term.