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RW Grocery July 2013

Digital edition: Retail Week Grocery - July 2013

Read Retail Week PayPal Grocery supplement as a fully digital edition.

Tesco chairman Sir Richard Broadbent is facing further pressure

Tesco chairman under pressure after board rejected warnings from auditors

Tesco chairman Sir Richard Broadbent is facing further pressure after it has emerged the grocer’s board dismissed warnings from its own auditor about how it was accounting for commercial deals with suppliers.

Tesco

Tesco persuades M&S to release CFO Alan Stewart early amid accounting crisis

Tesco’s new chief financial officer, Alan Stewart, will join the grocer today after a deal was struck with Marks & Spencer to terminate his contract early.

Breakfast Briefing

Breakfast briefing: Retail news on Tesco, M&S and Dixons Carphone

Retail news round-up on September 23, 2014: Tesco strikes deal with M&S to get Alan Stewart on board early, Sir Richard Broadbent undert pressure to quit as Tesco chairman, Dixons Carphone proceeds with plan to buy 50 to 100 Phones 4u stores.

Asda remains the only one of the big four grocers to have grown its market share as Tesco, Morrisons and Sainsbury’s suffered falls.

Asda maintains share growth as Tesco, Sainsbury's and Morrisons suffer declines

Asda remains the only one of the big four grocers to have grown its market share as Tesco, Morrisons and Sainsbury’s suffered falls.

Robin Terrell is running Tesco\'s UK business at present

Robin Terrell assumes leadership of Tesco UK as profits investigation launched

Tesco multichannel director Robin Terrell has stepped in to run the flagship UK business as an investigation begins into a profits overstatement.

Tesco is investigating accounting errors relating to supplier payments

Tesco in turmoil: Will the grocery ombudsman get involved?

Tesco shocked the City yesterday by revealing it had discovered pre-tax profits for the last six months have been overstated by £250m. The accounting issues relate to commercial income – any money that exchanges hands between suppliers and Tesco. Why has there been no investigation by the grocery watchdog?

Tesco has discovered a profits overstatement

Tesco profits overstatement: what the analysts say

Tesco has revealed that its expected half-year profit has been overstated by £250m and has launched an investigation. The City has reaced with shock.

Tesco’s chief executive Dave Lewis must both revise the basics for the struggling retailer and work out what modern superstores stand for today.

Comment: Dave Lewis must focus on strengthening the Tesco brand

Tesco’s chief executive Dave Lewis must both revise the basics for the struggling retailer and work out what modern superstores stand for today.

Walmart and Tesco both have a strategic leaning towards multichannel, an increasing propensity towards smaller boxes and new bosses.

Comment: Walmart and Tesco’s new bosses to put people first

Dough McMillon and Dave Lewis haven taken over as chief executives for Walmart and Tesco respectively. What will they bring to their new roles?

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