Tesco - another fail

Author
Discussion

Wilmslowboy

4,189 posts

205 months

Monday 21st July 2014
quotequote all
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.


toppstuff

13,698 posts

246 months

Monday 21st July 2014
quotequote all
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.

paranoid airbag

2,679 posts

158 months

Monday 21st July 2014
quotequote all
hora said:
What Tesco's excelled at was buying land/'dealing' with planning departments etc etc.
Indeed... seem to have appeared quite a lot in local news stories and at least once in the "local corruption thread"...

GTIAlex

1,935 posts

165 months

Monday 21st July 2014
quotequote all
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.

bazza white

3,551 posts

127 months

Monday 21st July 2014
quotequote all
As above the pricing drives me up the walls, now I shop in aldi and lidl as its simple shopping, good offers that I don't feel Ive been ripped of as soon as I'm out the door and fair to good quality products.


I think less offers but genuine ones would be a good start for tesco.





lamboman100

1,445 posts

120 months

Monday 21st July 2014
quotequote all
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.

Justin Cyder

12,624 posts

148 months

Monday 21st July 2014
quotequote all
They certainly lost their way. They don't lead on price, nor on quality. Waitrose above, Laldi (© JC 2014) below. But only a fool would write off Tesco. They're never out of ideas & still take about one pound in six on the high street.

crankedup

Original Poster:

25,764 posts

242 months

Monday 21st July 2014
quotequote all
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 rolleyes 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?
Why they didn't hire me you ask, odd thing to ask. However, simply to satisfy your strange curiosity sadly the answer is terminally boring. I had zero interest in working for such an organisation.


crankedup

Original Poster:

25,764 posts

242 months

Monday 21st July 2014
quotequote all
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.
Should have made this clearer, what I mean is that it would have been quite usual for a Corporation to offer incentives ON performance turning the business around. Although this is plainly not always the case.

55palfers

5,893 posts

163 months

Monday 21st July 2014
quotequote all
In a massive recession Tesco still making shed-loads of profit.

The greedy shytes are never satisfied.

dxg

8,122 posts

259 months

Monday 21st July 2014
quotequote all
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.


Slyjoe

1,500 posts

210 months

Monday 21st July 2014
quotequote all
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.

bristolracer

5,528 posts

148 months

Monday 21st July 2014
quotequote all
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.

Justin Cyder

12,624 posts

148 months

Monday 21st July 2014
quotequote all
Slyjoe said:
All in all I hope they go horribly bust.
I think it's unlikely, but they're certainly slipping. Looks like your ten year, one man protest is finally paying off. smile

heppers75

3,135 posts

216 months

Monday 21st July 2014
quotequote all
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.
Should have made this clearer, what I mean is that it would have been quite usual for a Corporation to offer incentives ON performance turning the business around. Although this is plainly not always the case.
Hang on, isn't that exactly what the board have done... incentives = bonuses etc. So no turnaround, no bonus, that's what they have done - what are you complaining about exactly?

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

Bradgate

2,819 posts

146 months

Monday 21st July 2014
quotequote all
toppstuff said:
My local Tesco 24 hypermarket is a complete dump.

Ghastly place.
Do you live in the north Leicester area, by any chance? smile

Slaav

4,240 posts

209 months

Monday 21st July 2014
quotequote all
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?

Pappa Lurve

3,827 posts

281 months

Tuesday 22nd July 2014
quotequote all
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 rolleyes 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?
Is it not possible for someone to criticise someone/thing without a poster immediately saying 'if it's that easy, why don't you do it??'? We see a lot of it on PH and it's quite bizarre - you're effectively arguing the case of the person/thing but without any substance.
Not bizarre at all. I have been slammed based on my job title here more than once by people who subsequently admit they have not the slightest idea what it actually involves. The reason this guy is getting paid what he is is because that is what the market has decided he is worth based on his track record.

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.

Moominho

893 posts

139 months

Tuesday 22nd July 2014
quotequote all
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.

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.

heppers75

3,135 posts

216 months

Tuesday 22nd July 2014
quotequote all
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.

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.
Oh no don't you start using actual facts... tut tut... Crankedup will be along to tell you what an evil evil man the CEO is and how he should live in a hovel and be thankful for his workers and they should be walking on rose petals and bathing in fresh sows milk whilst he genuflects at their mere desire to work for his company!

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