Tesco - another fail
Discussion
crankedup said:
Will he be passing back all the incentives offered to turn around the mighty Titanic that is Tesco's, of course not!
Pretty much non of the board (and directors) received any bonuses for the past three years, one of the positives was PHil had the sense not to award himself a bonus whist the shareholder suffered.Tesco deserves to be struggling.
The stores are simply unpleasant places to spend time in. They are ugly places. Even when convenience rules over preference and I am forced to go into one, I can't get out fast enough.
Tesco have been cynically milking the punter for too long without giving enough back. They don't even seem to try to improve and please the customer.
My local Tesco 24 hypermarket is a complete dump.
Ghastly place.
The stores are simply unpleasant places to spend time in. They are ugly places. Even when convenience rules over preference and I am forced to go into one, I can't get out fast enough.
Tesco have been cynically milking the punter for too long without giving enough back. They don't even seem to try to improve and please the customer.
My local Tesco 24 hypermarket is a complete dump.
Ghastly place.
Guybrush said:
The old cartel has at last been challenged by Aldi and Lidl. They've got a lot of waking up to do as much of the staffing hierarchy was built upon easier profits. Much culling required I should think - and cut the old craap of weekly pretend price reductions and multiple purchase deals, none of which really save you any money, but which are just designed to confuse.
Have to agree with this.I'm currently working in a supermarket and the price changes to dupe people into thinking they are getting a bargin are borderline disgusting.
It ain't rocket science.
Tesco UK is caught in a pincer-movement between its overpriced "small" convenience-stores and its overpriced "big" hyper-stores.
Some shoppers are migrating to underpriced "mid" stores (e.g. Aldi).
All Tesco needs to do is open a few hundred "mid" stores and cut prices by 10 - 30% to match Aldi and Lidl.
Customers will flood back if the price is right. Shoppers are very fickle.
And don't forget -- Tesco still owns ~30% of the entire UK grocery market.
Tesco UK is caught in a pincer-movement between its overpriced "small" convenience-stores and its overpriced "big" hyper-stores.
Some shoppers are migrating to underpriced "mid" stores (e.g. Aldi).
All Tesco needs to do is open a few hundred "mid" stores and cut prices by 10 - 30% to match Aldi and Lidl.
Customers will flood back if the price is right. Shoppers are very fickle.
And don't forget -- Tesco still owns ~30% of the entire UK grocery market.
Pappa Lurve said:
crankedup said:
Following another three years of poor and falling profits the C.E.O. has thrown in the towel. Will he be passing back all the incentives offered to turn around the mighty Titanic that is Tesco's, of course not! It used to be a relative doddle to run decent profits year on year back pre 2008, now the market is far more challenging we see the true 'worth' of so called 'top people' without whom nobody would have a job Forward thinking long term strategies, they couldn't have done much worse.
If it is so easy to do those kind of jobs, may I enquire as to why they didn't hire you?Wilmslowboy said:
crankedup said:
Will he be passing back all the incentives offered to turn around the mighty Titanic that is Tesco's, of course not!
Pretty much non of the board (and directors) received any bonuses for the past three years, one of the positives was PHil had the sense not to award himself a bonus whist the shareholder suffered.I've never had a problem with Tescos. The huge store round here has got nice, friendly staff - it's the locals from the sink estate next door that are the problem...
The only ballache is the carry-on with club card vouchers (clearly designed to engage you and then make it impossible for you to redeem) and the stupid, stupid second receipt that tells me how much I saved (if they were cheaper than the local competitors) or how much I could save in my next shop (if they were more expensive) - which is often a few quid. And nearly every time, I forget to redeem those vouchers, too... Therein lies the rub.
The only ballache is the carry-on with club card vouchers (clearly designed to engage you and then make it impossible for you to redeem) and the stupid, stupid second receipt that tells me how much I saved (if they were cheaper than the local competitors) or how much I could save in my next shop (if they were more expensive) - which is often a few quid. And nearly every time, I forget to redeem those vouchers, too... Therein lies the rub.
I find their pricing deceitful - for example; bagged Jersey potatoes could be 1.76 per kg, but next to them would be loose potatoes of the same variety would be 19p per 100g - of course I can work that one out, but to me its deliberate mis-direction.
Also, if I see another member of staff in uniform following their mate who's about to do reductions and grabbing all of it I swear I will go postal.
Generally the staff are too busy chatting to their mates when I need alcohol authorised at the self service, and those f@cking machines drive my potty anyway.
Tesco has all but killed so many town centres.
All in all I hope they go horribly bust.
Also, if I see another member of staff in uniform following their mate who's about to do reductions and grabbing all of it I swear I will go postal.
Generally the staff are too busy chatting to their mates when I need alcohol authorised at the self service, and those f@cking machines drive my potty anyway.
Tesco has all but killed so many town centres.
All in all I hope they go horribly bust.
Tesco have an image problem.
They are not generally liked as a brand and have the reputation of bullying their suppliers.
Historically they got the bad publicity for building on school playing fields and now they are appearing in every closed pub and local petrol station people see them as too big,uncaring and hell bent on killing off any competitor.
Their problem is going to be changing the public/media perception of them.
They are not generally liked as a brand and have the reputation of bullying their suppliers.
Historically they got the bad publicity for building on school playing fields and now they are appearing in every closed pub and local petrol station people see them as too big,uncaring and hell bent on killing off any competitor.
Their problem is going to be changing the public/media perception of them.
crankedup said:
Wilmslowboy said:
crankedup said:
Will he be passing back all the incentives offered to turn around the mighty Titanic that is Tesco's, of course not!
Pretty much non of the board (and directors) received any bonuses for the past three years, one of the positives was PHil had the sense not to award himself a bonus whist the shareholder suffered.I do suspect that you are just simply banging the same old drum about anyone that gets paid more as a basic salary than some arbitrary limit you deem acceptable is some sort of robber baron!
Edited by heppers75 on Monday 21st July 23:35
Fotic said:
Pappa Lurve said:
crankedup said:
Following another three years of poor and falling profits the C.E.O. has thrown in the towel. Will he be passing back all the incentives offered to turn around the mighty Titanic that is Tesco's, of course not! It used to be a relative doddle to run decent profits year on year back pre 2008, now the market is far more challenging we see the true 'worth' of so called 'top people' without whom nobody would have a job Forward thinking long term strategies, they couldn't have done much worse.
If it is so easy to do those kind of jobs, may I enquire as to why they didn't hire you?To assert his job is so easy is fine if someone has some actual knowledge of his job. In this case, running a massive, multi-billion pound, multi-national conglomerate. Without such experience stating it is easy to do would seem to be a baseless statement. I simply make the point that to state a fact (the role is easy) based on no relevant experience or understanding is totally without value.
The standard response on here is always a derivative of "because I choose not as I didn't want to work for big nasty company" - may be true, may not but I suspect it is more likely down to the fact that no-one has offered the person such a role!
I am consider myself to be a pretty smart chap, good at what I do and some of my skill set and experience would be perfect for that kind of role, but most of it would not be and the reason I am not the head of Tesco is because while I may be brilliant at it for all I, or anyone else, knows I don't have a relevant track record. Thus it may be the easiest job in the world, but I don't know as I have not done it. Disagreement is fine but to state a "fact" such as the ease or otherwise of a role based on very little rather makes anything else someone has to say appear to have much less value as they have already stated a fact that is demonstrably unsupportable.
Slaav said:
Any comments on the rumoured £10M payoff?
Or was he simply bright enough to pick the Chalice up and refuse to drink the poison after holding it for a while?
It's a lot of money for someone who has overseen some pretty poor performance over the last few years, however he has been with the company for nigh on 40 years so some compensation is probably deserved. Or was he simply bright enough to pick the Chalice up and refuse to drink the poison after holding it for a while?
It's probably worth bearing in mind that as struggling and poor-performing as Tesco are, they are still the biggest supermarket in the country and make a profit of over 3 billion quid a year. It's hardly Ratners.
Moominho said:
Slaav said:
Any comments on the rumoured £10M payoff?
Or was he simply bright enough to pick the Chalice up and refuse to drink the poison after holding it for a while?
It's a lot of money for someone who has overseen some pretty poor performance over the last few years, however he has been with the company for nigh on 40 years so some compensation is probably deserved. Or was he simply bright enough to pick the Chalice up and refuse to drink the poison after holding it for a while?
It's probably worth bearing in mind that as struggling and poor-performing as Tesco are, they are still the biggest supermarket in the country and make a profit of over 3 billion quid a year. It's hardly Ratners.
Never mind the man worked his way up from the shop floor and in fact as a shelf stacker and in turn gave 40 years of his life to the company, that is irrelevant... he earns "too much" said "too much" being based on some unfathomable equation not actually capable of being articulated. That is simply the only trigger for this entire thread.
Edited by heppers75 on Tuesday 22 July 00:27
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