So Tesco

[Itchy]

Profits down massively.

Losing lots of customers.

Falsified accounting.

Bullying of suppliers

https://www.bbc.co.uk/news/business-29735685

Heh good riddance...
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[-Matt-]

[CaNsA]

I lol'd when I heard about this.

I lol'd as I tea leafed 50 carrier bags from there tonight when packing up a pot of mixed herbs at the self service.

I will lol as I walk in to Aldi to do the weekly shop.

Tesco grew too big too quickly and fucked too many people over in the process.

Karma's a bitch aint it.

[slowlydoesit]

[Tungtvann]

Tesco never were particularly good to the staff either.

[-Matt-]

[Rogerborg]

[N cee thirty]

They are utter cretins and i hope they go bump

quoted from another forum of tesco's tricks

Many of the tactics Tesco use on their suppliers are underhanded. Take packaging for example .... at one time our packaging costs were greater than our labour costs because of the high oil price with plastics, the only way to stay competitive was to buy packaging in BIG bulk numbers. One of our friends putting produce in to tesco had to package in white cartons .... no one ever packaged in to white cartons but Tesco insisted. About eight weeks down the line Teco changed their colour scheme to green and insisted that within 7 days all white packaging was out. Result .... friend landed with 100,000's of packaging that no one wanted plus having to put his hand in his pockets from new packaging .... it's unethical treatment towards any supplier is that imo. Tesco and the likes get away it because people become tied in to Tesco and then because they are dealing with a fresh product they cant afford to have it on their hands

If Tesco over order their goods, they don't let the supplier know... instead they try to find fault with the consignment on delivery. I'm not sure what it is now but it used to be three faults and the buyer could reject. It's a fresh product, of course you could find three faults ... size, shape, temp, packaging, missed delivery slot, paperwork ... take your pick. Then there are the OTT credit terms ... scandalous.

It might be business, but karma catches up with you eventually
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'00 Aprilia RS50 > '92 Honda CG > '99 Yamaha Fazer > '91 Yamaha RXS > '79 Suzuki X5 > 01' Honda Cg > 07' Honda Cg > 82' Kawasaki Z200 > suzuki gsxr 400 gk73a > honda vfr 400 NC30 Mod 2 Passed 09/06/2011

Jewlio Iglesias wrote: I actually did vote BNP once

[wr6133]

[-]

[_Will_]

[Flatbadger]

[kawakid]

I'm not loyal to any supermarket. I don't hate Tescos, I sometimes go.

But I buy some things from Aldi, Home Bargains, B&Ms, Sainsburys and occasionally Asda. Followed by household stuff from either Wilkinsons or Boys.

I tend to like certain things from each and I have a real good memory for numbers so I will buy the cheapest.

I like Aldi wine & mouth wash, I buy Rufus from B&Ms (only wet food dog will eat). I buy my veggie stuff from Sainsburys etc.

The only one I don't tend to go to is Morrisons, though I used to, it just seems to expensive these days.

Can't stand supermarket snobbery.
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I've a twin and a 4.

[arry]

[Tracey Suntan-King]

I think the reason for Tesco's demise is that they and Morrisons and the others have turned shopping into a battle of wits.

With all the special offers, multi-buys and BOGOF deals, the weekly shop becomes a maths test. You need your wits about you to do the sums and to know if you really are getting a good deal.

And don't even get me started on loyalty card nonsense. Why dress up doling out points as a benefit, why not cut the bleeding prices?

Aldi and Lidl are straight forward, you're not dazzled by excessive choice (who wants to decide between 50 different breakfast cereals?) and pricing is consistent.

Thankfully consumers have wised up to the tricks the established supermarkets have been using. About time too
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Whether you think you can, or think you can't, you're probably right

[pinkyfloyd]

Thing is. They are saying their profits are down by 92% in the last 6 months.


But.......

They still made a £112 million in 6 months.

Sorry but thats still a fuckload of money to be making.
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illuminateTHEmind wrote: I am just more evolved than most of you guys... this allows me to pick of things quickly which would have normally taken the common man years to master
Hockeystorm65:.well there are childish arguments...there are very childish arguments.....there are really stupid childish arguments and now there are......Pinkfloyd arguments!
Teflon-Mike:I think I agree with just about all Pinky has said.

[arry]

[Itchy]

Well their turn over was:

£63,557,000,000

Of which they made

112,000,000

Which is awful.
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[JonB]

People are under the impression that Tesco are the only company who screw both suppliers and customers.

They are sadly misguided. They ALL do it. Tesco is just the biggest fish, with the biggest exposure.

That packaging apology further up isn't entirely Tescos fault. The supplier had poor supply chain management. No business operating in the FMCG market would plough into buying lots of packaging unless a written contract was laid down with their customer I.e. Tesco that they would buy it all. So what if the oil price put up the price of packaging, it wouldn't be exclusive to one business, it would affect all suppliers so accurately reflect in pricing to Tesco. The supplier in their reliance on retail volume created their own problem.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[slowlydoesit]

[Wafer_Thin_Ham]

[Rogerborg]

[Itchy]

[Dr. Quack]

Applied for a job there once, didn't get it though because Ide previously worked for other supermarkets - The paranoia !

[Flatbadger]