Tesco

[Rob1742]

For years, been battering the manufacturers prices down. They have been the bullies of the grocery trade and always ensured business was on their terms.

Not nice to deal with, and always had it their own way.

Now going horribly wrong. The Germans have invaded. They work on lower overheads, give quality products and don't take as much margin and the consumer has realised and are moving from Tesco to the likes of Aldi and Lidl.

I like these situations. The underdog coming through, beating the bullies and I can't see a way back for Tesco. Finally they have got what they deserve. Taken years, but finally they are sweating.

[Fox92]

Never really been a massive fan of Tesco. I go there because it's convenient but I prefer Morrisons and Asda. (Sainsburys can fvck off with their ridiculous prices)... As a student, I shop at Aldi and can get a hell of a lot at a good price, but I could never see myself shopping at Aldi when I've graduated and have cash.

[mhs123]

HAHA Tesco, that's what you get for putting shareholders before customers, arrogant is the word that springs to mind.

[Webbo]

All the big supermarkets force prices down.

 

The margins on groceries are always small, they make their money through volume.

 

Tescos is a British company paying it's taxes that employs thousands in this country. This isn't good news for Britain.

[Trav Le Bleu]

One thing I've noticed about Tesco is they seem to build stores in areas that are the poorest and charge more than their competitors, knowing that the poor locals won't want to pay travelling costs to cheaper, bit more distant stores. Leicester is a prime example of this - Beaumont Leys, Hamilton and South Wigston being where the biggest stores are.

[bovril]

Horrible places, Tescos.

[ScouseFox]

the asda is the supermarket king (unless you've done a lot of overtime at work one month and are feeling all high and mighty so trip to m&s). tesco meal deals are a winner though. 

[Rob1742]

All the big supermarkets force prices down.

The margins on groceries are always small, they make their money through volume.

Tescos is a British company paying it's taxes that employs thousands in this country. This isn't good news for Britain.

Nooooo - margins are generally good. If one of their competitors lowers the price of a product, they go bleating to the manufacturer.

They have been bullies for years, it's now come to haunt them.

I agree it's bad for Britain, but like someone said on here they have put shareholders before customers.

Another British company that is showing decline due to its own behaviour and greed.

[Focks]

... well I'm a shareholder, like probably everyone who has a pension so isn't that great news

[Uncle Phil]

It's been downhill ever since they declared war on Denmark.

[Nick]

I've always thought that supermarkets shouldn't be allowed to sell fresh meat, fish, bread and alcohol. British towns and villages would still be thriving little places as a result still retaining little shops and pubs.

[DANGEROUS TIGER]

For years, been battering the manufacturers prices down. They have been the bullies of the grocery trade and always ensured business was on their terms.

Not nice to deal with, and always had it their own way.

Now going horribly wrong. The Germans have invaded. They work on lower overheads, give quality products and don't take as much margin and the consumer has realised and are moving from Tesco to the likes of Aldi and Lidl.

I like these situations. The underdog coming through, beating the bullies and I can't see a way back for Tesco. Finally they have got what they deserve. Taken years, but finally they are sweating.

Don't like Tesco, but use it.

 

I wouldn't give Germans my trade. In fact I wouldn't piss or spit on them, if they were on fire.

[Unabomber]

What about a german dog?

[Dr The Singh]

For years, been battering the manufacturers prices down. They have been the bullies of the grocery trade and always ensured business was on their terms.

Not nice to deal with, and always had it their own way.

Now going horribly wrong. The Germans have invaded. They work on lower overheads, give quality products and don't take as much margin and the consumer has realised and are moving from Tesco to the likes of Aldi and Lidl.

I like these situations. The underdog coming through, beating the bullies and I can't see a way back for Tesco. Finally they have got what they deserve. Taken years, but finally they are sweating.

Having worked in the food industry for over 11 years, all the supermarkets are as bad as each other!!!!!!  Aldi, Sainsburys, Co-op etc treat manufacturer's like dirt and hold them to ransom and make them absorb all the costs and risks!!

[Stadt]

It's a shame there aren't any Nettos about

[Rob1742]

Having worked in the food industry for over 11 years, all the supermarkets are as bad as each other!!!!!! Aldi, Sainsburys, Co-op etc treat manufacturer's like dirt and hold them to ransom and make them absorb all the costs and risks!!

You are right Dr

[Vossen]

KMart in the states has closed down 90% of all shops in some city's. We tend to follow America instead of Europe....The future looks Shite unless we close all large shops now !

[Guest MattP]

I've always thought that supermarkets shouldn't be allowed to sell fresh meat, fish, bread and alcohol. British towns and villages would still be thriving little places as a result still retaining little shops and pubs.

Not sure about a ban but people should certainly be supporting their local communities.

Meat is an absolute essential to be procured from a good butchers rather than a supermarket.

[DennisNedry]

I like Tesco.

 

The South Wigston one is the perfect size to have everything you want without being too big.

 

It's cheaper than Sainsbury's, Waitrose, M&S and it sells better stuff than Aldi.

 

The clubcard fuel points are generous if you get petrol from there often and they send you vouchers for the stuff you buy regularly.

 

As an aside, I think we should kidnapp Rob1742 and lock him in a huge Tesco full of dogs.

[Samilktray]

Awful company.

[StanSP]

I much prefer Tesco to Sainsburys. Do most of our food shopping stuff at Lidl though.

 

In a small town like Bedford, there are 2 huge Tesco's within 5 minutes of each other ::

 

 

 

There are at least 6 or 7 Tescos (incl. Metro, Express). Ridiculous. One has even been boycotted by local residents because it put a store in place of a pub which had been there for years and was part of the community. Local residents signed petitions and tried to stop it as much as possible but Tesco obviously did enough overpower them.

[Monk]

To me it's a fascinating story of business complacency... not just by Tesco but by Sainsburys too. 

 

I remember at Uni we did some case studies on their branding and business model, and we all said how amazing they were at being able to appeal to everyone - with their Value range at one end and Finest range at the other. 

 

Now they have the exact opposite problem, in the post oligopoly era their brand has lost the appeal - people who bought Tesco Finest are shopping at Waitrose and M&S, people who shop Value are going to Aldi & Lidl. They're stuck in the middle, which few identify with.

 

From a personal perspective I actually quite like Tesco. Their online delivery round here is £1-2, great availability and the quality of food is good. We've tried Waitrose but the basics just cost so much more than they need to. The local one here has a Costa, a post counter, a Timpsons and a dry cleaner. 

 

People moan, but to be honest I've been in Aldi recently and I thought it was fcking horrific. The fresh produce was poor and the shopping experience was dire. Reminded me of shopping in Iceland when I was at Uni and seeing Bernie hanging round the pie aisle.

 

I actually hope they recover, and I think they will in time. 

[MooseBreath]

I can't really tell the difference between tesco, asda and Morrisons so I'm surprised tesco have done so much worse than the other two. I nearly bought some tesco shares years back when they were going global, about the same time as Warren Buffett was loading up. I decided against it in the end, so I guess that makes me a better investor than Buffett.

[Rincewind]

I note the senior executives are being investigated. I wonder if found guilty of incompetence whether they will be sacked with no severance or golden handshake like the average working man would? I also wonder how long it will be before they find a place on another board of directors.? I would imagine if someone on FoxesTalk fecked up at their place of work costing them even a few hundred quid they would find it difficult to get a job reference off their former boss.

Of course i could be completely wrong and I do not expect anyone to test my theory and prove me wrong. Agree or disagree it matters not to me as these are just my own gut feelings, cynical as they will be perceived by some.

Anyway I hope it all turns out OK for all those employees involved. My sister in law works at the Beaumont Leys store so I am genuine in my concern and good wishes.

[Rob1742]

I note the senior executives are being investigated. I wonder if found guilty of incompetence whether they will be sacked with no severance or golden handshake like the average working man would? I also wonder how long it will be before they find a place on another board of directors.? I would imagine if someone on FoxesTalk fecked up at their place of work costing them even a few hundred quid they would find it difficult to get a job reference off their former boss..

Several people I know have made a living from severance packages. Then there are those that join companies at Director level knowing the company will go tits, yet they take a few hundred thousand out before it goes.

Generally they tend to be horrible devious sorts