Retail news round-up: Tesco offers one-hour delivery service; British consumer confidence drops; and supermarket watchdog functions without compliance manager.
Tesco offers one-hour grocery delivery service
Tesco is launching a one-hour grocery delivery service to London customers, Reuters reported.
On Monday, Tesco announced the launch of Tesco Now – an app that will allow customers to order up to 20 items from a range of 1,000 products, including fruit and vegetables, meat, bakery goods and dairy.
Orders will be picked in a local store and delivered to customers via moped within 60 minutes.
The app is currently available to customers in central London and costs £7.99.
British consumer confidence drops
UK consumer confidence decreased 106.9 points in June, according to a report from YouGov and the Centre for Economic and Business Research, Bloomberg reported.
The drop in the consumer confidence index was owing to political uncertainty, rising inflation and a struggling housing market.
YouGov head Stephen Harmston said the election in June has further dampened consumers’ spirits.
According to data from the British Bankers' Association, growth in consumer borrowing slowed in May.
Overall consumer credit increased 5.1% in May, down from 6.4% in the previous month.
Growth in credit card borrowing decreased from 6.4% to 5.5%.
Groceries Code Adjudicator functions without compliance manager
The Groceries Code Adjudicator (GCA) has been functioning without a compliance manager for the past six month, The Times reported.
The role involves overseeing 10 supermarket groups to ensure that they treat their suppliers fairly.
The adjudicator said that it found it difficult to recruit from the public sector.
The Department for Business, Energy and Industrial Strategy said that it will hire staff and provide them to the GCA.