Tesco
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Tesco is to raise store worker pay by 5.2% over the next six months but strip away a 10% premium for working on a Sunday. The UK’s biggest retailer said it was to stagger the increase, with the full amount taking effect from the end of August after an initial rise at the end of…
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Tesco has been “overwhelmed” after customers donated 1.9 million meals’ worth of food to its stores as part of a charity scheme. Every item donated through the Winter Food Collection goes to the charities FareShare and Trussell in the run-up to Christmas. Donations to Trussell help food banks to provide emergency food parcels to people…
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Tesco is being monitored by the UK’s supermarket regulator after it began imposing an “Amazon-style” fulfilment fee on online suppliers, according to The Times. The supermarket faced criticism after it imposed the fee, which is linked to processing orders, picking and shipping products, and managing returns. Brands and suppliers said the fee could put many…
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Tesco has announced the sale of most of its banking arm to Barclays in a deal worth up to £1bn. The UK’s largest retailer, which had been in discussions with other major lenders including HSBC and Lloyds over a deal, said all 2,800 staff at Tesco Bank would transfer to Barclays under the agreement over time. The…
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AN OVERVIEW OF THE CURRENT POSITION AND DEBATES ON BREXIT The word “Brexit” is an acronym for “Britain” and “exit.” It refers to UK’s secession plan from the European Union (EU). Prior to 1992, when EU launched a single market—which remains its greatest achievement and main objective—most EU countries were signatories to a free trade…
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Tesco has shut down production at a factory in China alleged to have used forced labour to make charity Christmas cards, after a south London schoolgirl discovered a desperate message from a “foreign prisoner” inside her card. Florence Widdicombe, a six-year-old girl from Tooting, opened a card with a kitten wearing a Santa hat and found a note explaining that…
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Tesco is making a number of changes to its stores and offices in the UK to further simplify its business. This will entail closing counters in around 90 stores, with the remaining 700 trading with either a full or flexible counter offer for customers. The move is in response to changing customer shopping habits, which…
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