Tesco

[Julian Joachim Jr Shabadoo]

I never do the big shop at Tesco, don't understand how it's so popular when it's basically Asda but 10% more expensive - the electronics section is a bit better but still not great

 

Tesco Express near my house is handy for when I've forgotten something, but they purposefully don't stock any of the stuff on offer and some of the stuff in the freshly baked bit feels like it's been there for days

[absolutelegend]

Sh1t uninformed post.

Aldi etc on average employ 6 people per store at a given time, and offer zero in terms if local employment in comparison to a tesco etc. Virtually all products imported, adding very little to the UK produce economy. Also, tesco is FTSE listed meaning when they do well also do my pensions and investments. You might not care about that, I sure as hell do.

Tesco also run and contribute to a lot of community based schemes, not seen many sponsored by aldi, lidl and co recently.

It is so so easy to knock the big hitters in any market, but to me the alternatives have to be better, and apart from cheaply stacked shelves with little choice I don't see it.

[Guest MattP]

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.

 

Wonder how many of us would have the moral fibre to turn a position like that down if we were offered it?

[ScouseFox]

I never do the big shop at Tesco, don't understand how it's so popular when it's basically Asda but 10% more expensive - the electronics section is a bit better but still not great

 

Tesco Express near my house is handy for when I've forgotten something, but they purposefully don't stock any of the stuff on offer and some of the stuff in the freshly baked bit feels like it's been there for days

 

yeah tesco expresses are bullshit. they're more expensive than normal tesco and never have any of the nice scran. 

[Strokes]

Sh1t uninformed post.

Aldi etc on average employ 6 people per store at a given time, and offer zero in terms if local employment in comparison to a tesco etc. Virtually all products imported, adding very little to the UK produce economy. Also, tesco is FTSE listed meaning when they do well also do my pensions and investments. You might not care about that, I sure as hell do.

Tesco also run and contribute to a lot of community based schemes, not seen many sponsored by aldi, lidl and co recently.

It is so so easy to knock the big hitters in any market, but to me the alternatives have to be better, and apart from cheaply stacked shelves with little choice I don't see it.

Id rather have my money, in my pocket, than your pension pot.

[absolutelegend]

Id rather have my money, in my pocket, than your pension pot.

Its not just my pension pot, its probably yours too

[Strokes]

Its not just my pension pot, its probably yours too

Partly, not entirely.

[Hollism]

Interesting what's happening to them. I've been telling anyone that will listen that Morrison's will go bust within the next 10 years, but Tesco will adapt to compete with Aldi and Lidl and basically become a carbon copy of Asda. Like someone said, they offer very little that Asda don't, but it's noticeably more expensive. Hopefully they will pull out of this dive before they smash into the ground.

[AyewJoking]

I find iceland to be he cheaper store overall however i never go to aldi or lidl so probably missing out.

[ithuriel]

Only really used Tesco express shops rather than the big stores but they have been in decline in terms of standards for a few years now and have lost a lot of their custom from what I have seen.

The staff used to be friendly, the prices decent and the shops well organised but these past few years you have had disinterested staff probably due to low wages? high prices and they have been quite slipshod, wrong prices or no prices on the shelves for goods, long waits in the queue etc.,

Really not surprised they are a sinking ship.

[Miquel The Work Geordie]

We've tried Waitrose but the basics just cost so much more than they need to.

 

I ****ing love Waitrose.

 

WAITROSE ESSENTIALS : POMEGRANATE AND ELDERFLOWER JELLY CUBES

[Brizzle Fox]

I am only shop at waitrose and aldi. I am a very contradictory individual though

[Brizzle Fox]

.....also not very good at typing and walking either!

[Beliall]

My closest store is a sainsburys, so I shop there, theres a lidl 5 mins further up the road I get a few bits from that are cheaper but they dont sell everything I need.

[Jon the Hat]

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.

 

You have to take risks at executive level, and you will make mistakes.  This Tesco story is not about that though.  They appear to have gone beyond aggressive accounting to recognising revenue they dont have yet, and deferring related costs to inflate their results.  This is not about incompetence, it is well past that.  They wont be getting any Golden handshakes in this case. 

 

I know it is hard to understand Ken when people get paid a lot, but companies have to take risks, sometimes they pay off and sometimes they don't.  It isn't about incompetence.  Not often anyway.  Even when it is there is collective responsibility with the board etc.  These are normal people doing challenging and high profile jobs, and like everyone else they dont always succeed.

[Vicki Vixen]

You have to take risks at executive level, and you will make mistakes.  This Tesco story is not about that though.  They appear to have gone beyond aggressive accounting to recognising revenue they dont have yet, and deferring related costs to inflate their results.  This is not about incompetence, it is well past that.  They wont be getting any Golden handshakes in this case. 

 

I know it is hard to understand Ken when people get paid a lot, but companies have to take risks, sometimes they pay off and sometimes they don't.  It isn't about incompetence.  Not often anyway.  Even when it is there is collective responsibility with the board etc.  These are normal people doing challenging and high profile jobs, and like everyone else they dont always succeed.

 

There's a big difference between taking risks and manipulating the company's income statement for personal gain.

[Rob1742]

Sh1t uninformed post.

Aldi etc on average employ 6 people per store at a given time, and offer zero in terms if local employment in comparison to a tesco etc. Virtually all products imported, adding very little to the UK produce economy. Also, tesco is FTSE listed meaning when they do well also do my pensions and investments. You might not care about that, I sure as hell do.

Tesco also run and contribute to a lot of community based schemes, not seen many sponsored by aldi, lidl and co recently.

It is so so easy to knock the big hitters in any market, but to me the alternatives have to be better, and apart from cheaply stacked shelves with little choice I don't see it.

Yes Tesco employ more people per store than Aldi but these additional employment costs are reflected in the price of the products.

When Tesco open stores up, businesses close at a fast rate of knots as they drive the consumer from the town centres.

Also with regards to community schemes, you will find these are add ons that tend to get planning schemes passed. Like road improvememts to the area when they have taken over the area.

Personally with my work I need a very strong Tesco. But ethically I cannot help but believe that with a strong Aldi, people then need to shop elsewhere as they don't stock everything. This leads to more opportunities for independent businesses and maybe the rebirth of the butcher, baker and candlestick maker

[Tommy G]

Used to be an avid sainsburys fan but now do my weekly shop at Lidl.

 

We do a monthly shop at sainsburys for a few branded stuff that I can't get a lidl. A friend of mine own a large Pig farming business and taught me a few tricks when it comes to supermarkets.

 

He supplies Waitrose, Tesco's, lidl and tesco. He said that the food standards in the UK are so high, compared to the ROW and some european countiries that you can't really fault for going into any supermarket to buy your fresh veg and Meat. His pigs are all fed the same, all the same weight etc yet are shipped to 4 large retailers all sold at different price, the trick the retailers use is public perception of the supermarket and packaging.  

Same with Veg, a supplier wont have a filed of carrots, with the back left corner for M&S and the front of the field for Aldi, its all the same. I have found if I choose carefully at lidl I can buy just as much quality as sainsburys (Meat and Veg actually better and last longer) and saves us about £70 a month. over a year you can round that up to £850.

 

We live in burbage and there is a fantastic lidl on the outskirts of Hinckley, many people will have the perception that its cheap and I did before I went in, but you look around the car park and the amount of audi's beemers, range rovers etc shows the tide is changing.

[Tommy G]

There's a big difference between taking risks and manipulating the company's income statement for personal gain.

 

The media like to jump on that slant of the story but when you are looking at £250m, its a big number AND material to profit, but in total of what changes hands withing tesco a very small number.

[Webbo]

Serious question, with Tesco over stating their profits, are they paying more tax than necesary?

[Tommy G]

Serious question, with Tesco over stating their profits, are they paying more tax than necesary?

 

I'd imagine the profits will be re instated as its a material error which is the whole point of the investigation.

 

They will only overstate their profits to please shareholders, more profit doesn't neccessarily mean they will pay more tax either 

[Babylon]

Glad I sold my shares at £3.95.... another few weeks of hurt and I might be tempted to buy back in for some long term profit.

[filbertway]

I didn't realise people were so passionate about super markets. I tend to go to whichever one is most convenient at the time.

[Charl91]

I didn't realise people were so passionate about super markets. I tend to go to whichever one is most convenient at the time.

 

I think it depends more on the individual store, then it does on the company. In general, I probably prefer Morrisons to Tesco, but I shop at the Loughborough Tesco since the Morrisons here sucks.

 

So does the Aldi actually. I don't mind the products, but the store is far too small and busy, and you end up trying to fight your way round the store. Forget an item in your trolly? Shit, that's a ten minute battle of trying to swim upstream against a torrent of human bodies.

[Unabomber]

I didn't realise people were so passionate about super markets. I tend to go to whichever one is most convenient at the time.

Support your local supermarket and bloody stand up when doing so.

 

 

 

Ohhh Morrisons we love you.