Blog: Tesco remains on track
Dean Best | 21 April 2009
Justin may appear the unashamed optimist. Marc may come across as the continental sophisticate. Sir Stuart, one of the most quotable executives in UK business.
In comparison to the bosses of Sainsbury's, Morrisons and Marks and Spencer, Tesco chief executive Sir Terry Leahy is considered, almost to the point of serious.
Some would say no wonder. Tesco has faced some flak in recent months, with its UK competitors enjoying faster sales growth and its US venture under the microscope amid the global economic downturn.
Today (21 April), however, Sir Terry unveiled a set of sturdy full-year figures that appeared to show, by and large, that Tesco remains on track.
Sure, its core UK business still faces challenges – Tesco's discount offer, for instance, has attracted criticism for confusing consumers. Its US ambitions have been dulled by the downturn.
However, Tesco's long-term strength appears to lay in its international presence. Even in central Europe, a region whacked by the downturn, it saw its market share grow in each market in which it operates in the last quarter of its fiscal year.
Write Tesco and Sir Terry off at your peril.
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Comment: Meal kits in US - don't believe the hype
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Brazil seeks to cool concerns over meat probe
- US meal delivery service Blue Apron buys BN Ranch