Supermarket giant Tesco has seen profits rise over ten per cent to a whopping £3.4 billion, having stormed through the economic downturn somewhat brilliantly.
Despite fiercly ramped-up competition from rival supermarket chains, Tesco’s loyalty scheme promotions kept customers coming back, while new discount ranges helped prevent shoppers on a tight budget from defecting to the like [...]
Posts Tagged ‘economy’
Tesco puts paid to recession with £3.4bn profts
BRC pushes Government over trade credit insurance
Reacting to the further amendments to the Government’s trade credit insurance top-up scheme, the British Retail Consortium (BRC) said that while the move: “Might assist some of the businesses continuing to suffer as a result of restricted credit, it remains the case that the Government needs to go further by extending the coverage of the [...]
Footfall up in July; are we over the worst of it?
The sun has at least got his hat on, even if he didn’t make the barbecue. Synovate’s Retail Traffic Index shows that non-food shopper numbers in July were up 8.4 per cent compared with June, with Wales and the South West faring particularly well thanks to the tourist trade. This also marks a marginal like-for-like [...]
Government action must be taken over bank lending and credit insurance
As increasing numbers of retailers protest the Chancellor Alistair Darling’s current decision to raise VAT back to 17.5 per cent on December 31 2009 (Give it up Al!), the British Retail Consortium is calling upon the Government to improve upon the scarcely beneficial credit insurance scheme announced in June and take firm action over bank [...]
Mayday, May day
As we approach one of the keystones of the pagan calendar and absolute highlight of the Morris-dancing world - which is in fact May day, I’m tickled to note that company directors are feeling the joys of spring and consumers feeling more confident than they have done in a year. I’ve got a few theories on [...]
All eyes on London for the G20 Summit
As the G20 Summit draws closer there promises to be massive unrest in the city of London, the extent of which, only time will tell. City workers are being encouraged to dress down for work to as not to draw attention to them selves. Along with existing plans for Financial Fools Day, many more protests [...]
