Tesco Plunges To Worst Annual Loss Of £6.38bn
- Thread starter llamedos
- Start date
- Location
- Hammerwich
They still have people on final salary pensions - that is amazing.
Good. Haven't set foot in one for nearly three years out if principle over their monopoly over supplies and the unsuspecting / dim public. The rise in Lidl did, ALDI won't last forever, it will only change the surviving names own game plans. Morrisons fall is more worrying I think.
Get all bad news out of way and can blame it on old management. Now any increase in profit is all down to him. Interestingly shares were up 2% this morning.
- Location
- Near Beeston Castle
I don't like Tesco but bad news for them is bad news for a lot of investors.
A lot of folk have their pensions tied up in Tesco's fortunes.
A lot of folk have their pensions tied up in Tesco's fortunes.
- Location
- 200 miles N,NW of New York
The farmers have done more for keeping the price of food down more than Tesco will ever do,
As for all the farmers moaning about Tesco and not getting a fair deal, maybe Tesco should just import it All, that way the farmers will have nothing to moan about,
Tesco is more of a uk company than aldi will ever be,
So you like German food stores, German cars/tractor and other stuff, all that money leaves the country to prosper the like of Germany,
Can we not support some of our own business in this country first,
Or maybe some of you lot might be living in the wrong country
As for all the farmers moaning about Tesco and not getting a fair deal, maybe Tesco should just import it All, that way the farmers will have nothing to moan about,
Tesco is more of a uk company than aldi will ever be,
So you like German food stores, German cars/tractor and other stuff, all that money leaves the country to prosper the like of Germany,
Can we not support some of our own business in this country first,
Or maybe some of you lot might be living in the wrong country
caveman
Member
- Location
- East Sussex.
Are they being run by an ex dairy farmer then?
early riser
Member
- Location
- Up North
Wonder what the future of the dedicated milk supplier pool will be? Will we start to see an end to the haves and have-nots?
Roger Perry
Member
Seems strange that they own the stores instead of leasing, no one who aims for success in retail owns the real estate.
Worlds largest retailer (Wal-Mart) do not own stores, let someone else do that.
Worlds largest retailer (Wal-Mart) do not own stores, let someone else do that.
Yes, very interesting company. I did some work for them in a prevous job some time ago.
We decided to avoid a good while back when Hugh was doing his Free range chicken thing and Tesco was the only one who wouldn't speak to him. All the rest agreed to try his ideas at least but Tesco came across as so arrogant that we decided they were too big for their boots. I'm sure we weren't alone. That and selling things like sausage rolls with UK sounding names but cheap EU pork. Just a pure con trick against their own customers. An example here:
http://www.tesco.com/groceries/product/details/?id=268980897
Tesco think they can tell the customer what they want but those days are gone for good I think. Fair enough they are British but so are a few others with higher standards. Personally I try to either produce as much of our own food as I can or buy direct from UK farmers.
http://www.tesco.com/groceries/product/details/?id=268980897
Tesco think they can tell the customer what they want but those days are gone for good I think. Fair enough they are British but so are a few others with higher standards. Personally I try to either produce as much of our own food as I can or buy direct from UK farmers.
jade35
Member
- Location
- S E Cornwall
Think you are right
new broom sweeping clean and such like! Also think the markets prefer things clean and tidy and this announcement is better than a continual drip of profit warnings. The market seems to have bought into things improving http://www.telegraph.co.uk/finance/...o-as-supermarket-shows-signs-of-recovery.htmlLooks like this announcement may have been missed because Tesco's is bigger news http://www.telegraph.co.uk/finance/...-mistake-by-delisting-Kingsmill-says-ABF.html 51% drop in pretax profits for ABF
interesting that Tesco are pushing hard to win the hearts and minds of kids with their insidious farm to fork nonsense. Told my youngest that you can only get white eggs from a white hen. Needless to say Tesco was put right by a few 5 year olds who knew better. Never been so proud.
If you have young kids, Tesco are after them.
If you have young kids, Tesco are after them.
- Location
- West Suffolk
My children don't have any connection with Tesco, as we just don't go there. I think the negative PR has rubbed off on them too.
spin cycle
Member
- Location
- north norfolk
rightly or wrongly i see them as the inventors of farmer bashing and would be pleased to see them bust
JohnGalway
Member
- Location
- Connemara, Ireland
I mostly found Tesco staff, with some exceptions because generalisations don't work, to be rude. Rather ignore a customer or in particular run them over with one of those big shelve stocking trolleys than acknowledge you existed.
I would do a lot of shopping in Lidl and Supervalu here. Often seen Lidl staff wait while a customer picks up or inspects and item before moving in to restock or clear items. Generally no standing around bitching about co workers or gossiping like in Tesco.
I won't cut off my nose to spite my face but the only time I go into Tesco is when I really don't have another option, usually down to time constraints. Sod them.
I would do a lot of shopping in Lidl and Supervalu here. Often seen Lidl staff wait while a customer picks up or inspects and item before moving in to restock or clear items. Generally no standing around bitching about co workers or gossiping like in Tesco.
I won't cut off my nose to spite my face but the only time I go into Tesco is when I really don't have another option, usually down to time constraints. Sod them.
So what exactly is wrong with this product? It quite clearly states it was made in the UK but with pork from the EU (so it could be British pork for all we know).
Unless you think Lincolnshire sausage rolls and sausages should only be produced in Lincolnshire using Lincolnshire raised pigs? In which case their are an awful lot of butchers throughout the uk scamming the public......
- Location
- South Molton
I went to Tesco on a Saturday morning ONCE one summer. Cause I didn't have crocks, beachwear,various piercings and tattoos on every bit of bare skin I felt very errr abnormal!
Cant see how Tesco can turn this round,they will survive tho because they own so much land and property in prime locations.They cant compete on price with Aldi and Lidl cos their costs are too high,online delivery is not the answer either,again costs too much.They will need to totally re invent the brand to prosper now.
caveman
Member
- Location
- East Sussex.
It's not a trading loss. It is book adjustments. Just shows how bent their accountants have been probably.
Perhaps they have found a wrinkle in the new averaging losses out for farmers rules and are going to be in reciept of a massive tax rebate!