100 year challenge – How Tesco has started it’s century celebrations
“Jack Cohen championed value for customers and changed the face of British shopping. He’s an inspiration for all of us and that same spirit still drives Tesco now. It’s fitting that today, we mark the beginning of Tesco’s celebration of 100 Years of Great Value by launching a new brand, and stores bearing his name: Jack’s. Great tasting food at the lowest possible prices with 8 out of 10 products grown, reared or made in Britain.” – Dave Lewis, Tesco Group Chief Executive.
After a tough
According to data from Kantar Worldpanel, supermarkets posted record sales of £29.3bn during the 12 weeks leading up to Christmas,
Chief executive Dave Lewis boasts great success during his reign as shares have risen by 7% over the last year and are up by 55% from their 2015 lows. Also, Tesco’s headline operating profit rose by 28.4% last year and analysts’ forecasts suggest this will be maintained in 2018/19 and 2019/20. Adjusted earnings per share are expected to rise by 17% during the current year, which ends on 24 February, and by 20% in 2019/20.
However, this week Lewis, who earned the nickname ‘Drastic Dave’ as he cut costs at Unilever, is expected to
I wonder what Dave have in mind for the next 100 years?