Tesco has reported the worst annual financial results in the retailer's 96 year history, showing a loss of £6.376bn and underlying profit before tax fall just over 70% for the year.
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Today Tesco confirmed several changes to its wine buying team as a result of a restructure including the appointment of James Davis MW as category buying manager for wine as well as some key departures.
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Tesco is said to be announcing a number of changes to its wine buying team including bringing back James Davis MW from Greene King and a series of redundancies, according to a report on harpers.co.uk sister publication Off Licence News.
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Aldi has overtaken Waitrose to become the sixth largest supermarket in Britainwith 5.3% of the market, according to Kantar Worldpanel's retail figures released today.
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Tesco is facing a potential multi-billion pound class action lawsuit in the UK by a not-for-profit organisation representing its shareholders, in relation to the profit overstatement it announced last year.
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Tesco has signed a deal to regain full ownership of 21 superstores that it owned-jointly with a property investment company.
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Supermarkets are missing out on £400 million in sales as price deflation continues to pick up pace offering further savings to consumers, according to latest figures from Kantar Worldpanel.
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Tesco has confirmed to Harpers.co.uk that Dan Jago, who is returning to the business on March 9, was never actually suspended from the company, but asked to "step aside".
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Shifts expected in the off-trade over the next 12 months are likely to create a "huge opportunity" for independent merchants, according to Tim Wilson of the Wilson Drinks Report.
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Tesco has launched a new code of conduct for staff, according to Harpers' sister title The Grocer.
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Dan Jago, who was suspended from his role as Tesco's director of wine, spirits and beer at the height of the fallout from the £263 million shortfall in the retailer's profits, is being reinstated and will return to the retailer in a new role on March 9.
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Morrisons has named former Tesco director, David Potts, as its new chief executive following weeks of speculation of who would succeed Dalton Phillips who announced he was stepping down in January.
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Waitrose has returned to the top spot of the Which? annual supermarkets survey - narrowly ahead of last year's winner, discounter Aldi.
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Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco's board of directors as Richard Broadbent departs.
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After 13 reported months of decline Tesco has posted 0.3% growth and the supermarket industry as a whole appears to be improving with growth accelerating to 1.1%.
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Here are a few questions for you? Do you work with any of the major supermarkets? If so do you ever take a close look at what is happening in any other aisle of the store other than wine and spirits? I mean do you assess how a particular category like confectionery, health and beauty or crisps and snacks is merchandised? How many suppliers in that fixture that retailer works with? What sort of promotions they are running? If you don't then you need to.
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In the last 24 hours Tesco has issued two separate requests for wine suppliers to pay effectively the same additional payment for increased sales volumes they have received for their products following its recent product cull.
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Aldi plans to open 70 more stores across the UK and hire 150 store managers, 300 assistant managers and 4,500 store staff in 2015.
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The Groceries Code Adjudicator has launched an investigation into Tesco over evidence that it delayed supplier payments and demanded fees for better positioning on shelf.
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Tesco's pledge to cut ranges by 30% as part of a massive overhaul of its entire product base will hit wine and spirits suppliers, especially those on the agency side, and is likely to be followed by the other major supermarket chains, industry experts have warned.
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