Let's Go Tesco Again.

Comments

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   wildrides

   24 November 2014, 02:26

   Mediazest MDZ new product RNS looks interesting.

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   wildrides

   24 November 2014, 06:42

   There you go ……………. 200% rise by 1.15 p.m

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   JW

   24 November 2014, 09:20

   Must be time for a re-build. People love to hate Tesco, but they aren’t stupid. Before long we’ll be hearing stories about how painful an experience it is to shop at Lidl/Aldi. Maybe they’ll respond with improvements but that will impact margins. Currently, if you compare Tesco/Sainsbury/Morrison with Lidl/Aldi, you are not comparing apples with apples. Where’s Lidl’s online order & delivery service, for example?

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   Pobulous

   24 November 2014, 09:34

   We do all have to eat but we don’t all have to buy from Tesco. Look at any Tesco situated near an Aldi or Lidl and you’ll see their car parks full and Tesco’s half empty. Just being big and there isn’t enough. Tesco is now virtually pointless and, in terms of sales decline, you ain’t seen nothing yet. wait for Dave Lewis’s first numbers!

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   alcira16247

   24 November 2014, 10:42

   Malcolm

   Think your optimism over Tesco’s may be misplaced, as in my opinion, they have over the last couple of years, have embarked, in their arrogance, the most dangerous game of all….. taking the pee out of their customers!

   As an illustration, I give you:-

   Tesco’s FINEST Waldorf Salad @ £2.25….. which consists 80% cabbage!

   Yep, Not only does Basil Fawlty not know how to make a Waldorf Salad, neither does Tesco’s! As, I’m sure, Tom or one of his chefs will verify, Waldorf Salad DOES NOT include cabbage as an ingredient!

   So, here we have yet another lamentable product, in its so-called ‘finest range’ marketed at a premium which is absolutely rubbish!

   Can anyone tell me, what criteria needs to be fulfilled for a product to be designated as being, ‘Finest’ other than to charge a premium price? Cos’ seems Tesco’s can’t!

   The point I’m trying to make is that Tesco’s are loosing customer’s hand over fist and guessing, too, spend per head is well down, too! Its interims were truly frightening!

   Tesco’s have big problems right across the board, all which have been well documented, not least the example I give…. overpriced rubbish! Yes, people aren’t stupid, they are voting with their feet!

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   alcira16247

   24 November 2014, 11:03

   Apologises, Malcolm, me again! ….but ruddy Tesco’s are a major bugbear with me!

   Would draw your attention to Janet Street-Porter’s article in last weeks Daily Mail, headed :-

   ‘Tesco’s and why after 30 years we are getting divorced’

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   J P Spaghetti

   24 November 2014, 13:40

   WILDES – seems there was quite a delay between that RNS release and today’s glorious rise. Good for you if you took the plunge not too long after your first post. Sorry to Malcolm and others for returning to another topic!

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   kingoldby

   24 November 2014, 14:49

   I just visited a local Lidl. The luxury foods look better than the selection at Tesco. And the prices are much lower. Got a brown crab, some seafood cassolettes and a few other things which Tesco’s doesn’t even stock. As far as I can see, the competition is just going to get harder for Tesco because Aldi are actually beating them on quality in a lot of areas now as well as on price.

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   Kev

   24 November 2014, 16:25

   Falling sales, falling profits, property portfolio could decease in value, tarnished brand and still under investigation, no thanks, their model is dead

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    wildrides

    24 November 2014, 16:39

    reply to spags …………. in just before I posted at 0.14 on a good gut feeling and out again at 0.35 . missed the top because I fell asleep ( dowah ) , but near enough .
    I note it dropped back quite a bit after I sold and then rose right back up again into the closing bell………… so could carry on higher tommorow . Just tryin to give a heads up to Malcolm and his readers as I have watched it for a year or two and it tends to do this on any good news ( which aint very often ) so worth a flutter next time ……… just dont bet the ranch on it tho ! just a modest punt .

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    Malcolm Stacey

    25 November 2014, 02:43

    Thanks for all your comments, gang. Seems that Tesco is in poor favour. I guess I’m pinning my hopes on their sorting it out. Also when big brokers recommend a share, they are usually, though not always, on the right lines. We’ll see. On the question of Riders’ tips – he is also usually right and we should be grateful to him.

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    handybrownone

    25 November 2014, 10:13

    But how many Brokers actually have been to a supermarket in the last 12 months and are “live” to the changes in grocery retail?. I live in Didsbury the posh bit of Manchester. Aldi is packed there’s just one store recently expanded. The Aldi stores are judiicously spaced and don’t compete with each other. We have three large Tesco all in 5 mile radius and two Tesco Express. Two of the large stores are less than 2 miles apart. Tesco forced themselves to buy it and build as they didn’t want another supermarket getting in – crazy stuff. The model to saturate any given area with Tesco doesn’t work. It’s absolutely bonkers. Their fixed cost base is dragging them down. Operational gearing will unwind as sales fall and pressure will mount on the bottom line creating ever more downward pressure. The only good things are “click and collect” and “delivery” but they have to sort out quality and price. I would say at least one of the stores will have to close it’s inevitable in my area. Has anyone worked out the one-off costs for the store closure programme that they will have to undertake? They will want to do this swift and hard and move on and it will come in 2015 as the economy in the UK begins to sag.