UK: Tesco trials shelf-scanning robots
Tesco, the UK grocery giant, is trialling an autonomous robot named Tally to roam supermarket aisles and scan shelves for out-of-stock items, misplaced goods and pricing errors. Manufactured by Simbe Robotics, a US-based retail technology developer, the five-foot-tall robot utilises artificial intelligence, computer vision and cameras to independently navigate store aisles. The collected data regarding […]
UK: Tesco to expand convenience store network
Tesco, the UK’s leading supermarket retailer, has announced plans to expand its convenience store footprint with the opening of 150 new Tesco Express outlets over the next three years. The new openings are set to create 2,000 jobs and build on the existing Tesco Express network, which currently numbers over 2,700 stores. To mark the […]
UK: Tesco to close Jack’s discount stores
UK-based supermarket chain Tesco has announced the closure of seven of its 13 Jack’s discount stores, while the other six remaining outlets will become Tesco stores. Tesco opened Jack’s store in 2018 with the promise to be “the cheapest in town” to win back shoppers from German discount stores Aldi and Lidl. According to sources, […]
Ireland: Tesco to acquire Joyce’s supermarkets
Supermarket chain Tesco Ireland has announced the acquisition of ten Joyce’s supermarkets based in Galway for an undisclosed sum. The acquisition is the first significant investment made by Tesco since it entered the Irish market in 1997 and it is part of its strategy to grow its store’s footprint bringing quality and value to more […]
UK: Tesco and Carrefour to discontinue purchasing alliance
British retailer Tesco and French retailer Carrefour have announced that their purchasing alliance will not be extended. The global purchasing alliance was announced on July 2018, formed to cut down costs and secure better deals with major suppliers. Operational for three years, the alliance enabled the retailers to access new opportunities, suppliers, and new products. […]
Poland: Tesco to sell Polish operations for £181 million
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According […]
UK: Tesco to sell its Thai and Malaysian operations
Tesco, the UK-based multinational supermarket chain, has announced its intention to sell its business in Malaysia and Thailand to a conglomerate of Charoen Pokphand Group entities, in a deal valued at $10.6 billion. According to sources, the decision has been taken to simplify the Tesco group, enabling a stronger focus on its retail business in […]
UK: Tesco opens discount store Jack’s
UK-based retailer Tesco has announced the launch of Jack’s, a new store concept that promises to offer customers great tasting food at the lowest possible prices. According to a press release, the launch is part of Tesco’s centenary celebrations and the stores are named after the company’s founder Jack Cohen. Besides offering low prices, Jack’s stores […]
UK: Tesco announces plans for strategic alliance with Carrefour
European supermarket heavyweights Tesco and Carrefour have announced plans to form a strategic alliance covering global supplier relationships, the joint purchasing of own brand products and goods not for resale. Anticipated to be formally agreed within the next two months, the partnership will be governed by a three-year operational framework. In a statement, the retailers said the […]
UK: Tesco planning ‘discount’ chain – reports
Tesco, the UK’s leading grocery retailer, is considering the creation of a new ‘discount’ store chain to counteract the threat of Aldi and Lidl, according to an article in the Sunday Times. The Guardian reports that the new discount stores would seek to match the German discount supermarkets on price, while carrying only 3,000 lines, compared to 25,000 […]