Tesco suspends Bosses over £250 million profit error

I READ AN ARTICLE WHICH SAID INTERNET IS ONE REASON WHY SUPERMARKETS ARE NOT DOING ALL THAT WELL,THAT AND THE FACT THAT THERE ARE MANY PLAYERS SELLING GROCERIES,SURPRISED TO SEE STAPLES IN THAT LIST,IT APPEARS NEARLY EVERY SHOP IS SELLING FOOD OR DRINK.

Badboy wrote:I READ AN ARTICLE WHICH SAID INTERNET IS ONE REASON WHY SUPERMARKETS ARE NOT DOING ALL THAT WELL,THAT AND THE FACT THAT THERE ARE MANY PLAYERS SELLING GROCERIES,SURPRISED TO SEE STAPLES IN THAT LIST,IT APPEARS NEARLY EVERY SHOP IS SELLING FOOD OR DRINK.

Morning Badboy, while the Internet has been a wonderful creation it has also been a curse. City Shopping Centres are losing sales because people shop on the internet, same with groceries., indoor markets etc. This in turn affects the labour market in Cities , too late now .

BIG SUPERMARKETS HAVE LOST £404 MILLION OVER 12 WEEKS,WHERAS ALDI AND LIDL HAVE GAINED £396 MILLION OVER SAME PERIOD.
NUMBER OF SMALLER CONVIENCE STORES HAS INCREASED 186% IN THE HIGH STREET.

I SEE SOME TESCO'S STAFF REFUSED TO SERVE A BLIND PERSON BECAUSE THEY SAY HER GUIDE DOG WAS A PET.
EMPLOY IGNORANT PEOPLE AND YOU MIGHT LOSE CUSTOMERS.

Badboy wrote:I SEE SOME TESCO'S STAFF REFUSED TO SERVE A BLIND PERSON BECAUSE THEY SAY HER GUIDE DOG WAS A PET.
EMPLOY IGNORANT PEOPLE AND YOU MIGHT LOSE CUSTOMERS.

Badboy, here's proof that Tesco deliberately cooked the books, will any Directors go to Prison?


http://www.telegraph.co.uk/finance/newsbysector/epic/tsco/11171562/Tesco-suspends-three-more-executives.html

THERE IS SPECULATION THAT IN THE NEXT 10 YEARS OR SO THAT ONE OF THE BIG SUPERMARKETS MIGHT NOT BE AROUND.

Badboy wrote:THERE IS SPECULATION THAT IN THE NEXT 10 YEARS OR SO THAT ONE OF THE BIG SUPERMARKETS MIGHT NOT BE  AROUND.

I wouldn't be surprised , a few have been bought out already and some like the Co-op and Morrisons will not survive.

I JUST REMEMBER SOMETHING STELLIOS-HAJI??? IS GOING TO LAUNCH A SUPERMARKET CALLED EASYMARKET????????????,SELLING ITEMS AT 50P,THERE ARE GOING TO BE SO MANY COMETITORS IN FOOD MARKET,IT WILL BE A WONDER IF ANY FOOD SELLING SHOP WILL MAKE A PROFIT,THE FOOD BUYING POUND WILL BE STRETCHED THAT THIN.

MOODY HAS RELEASED A REPORT SAYING BIG 4 ARE IN A RACE TO THE BOTTOM,BIG STORES COST LOTS TO RUN,WHEREAS SMALL ONES COST LESS AND MIGHT BE MORE IN TUNE WITH THE CHANGING MARKET.
MORRISONS WITH ITS FEW STORES IS IN IDEAL POSITIONTO TAKE ADVANTAGE IF THERE WERE TO HAVE AN INCREASEE IN THEIR INTERNET PRESENCE.
ALDI/LIDL COULD INCREASE THEIR MARKET SHARE TO 10%.
BIGSUPERMARKETS WILL FIND THEIR PROFITS MARGINS SQUEEZED IN THE RACE TO THE BOTTOM.
IT WILL BE INTERESING TO SEE WHAT HAPPENS.

Badboy wrote:MOODY HAS RELEASED A REPORT SAYING BIG 4 ARE IN A RACE TO THE BOTTOM,BIG STORES COST LOTS TO RUN,WHEREAS SMALL ONES COST LESS AND MIGHT BE MORE IN TUNE WITH THE CHANGING MARKET.
MORRISONS WITH ITS FEW STORES IS IN IDEAL POSITIONTO TAKE ADVANTAGE IF THERE WERE TO HAVE AN INCREASEE IN THEIR INTERNET PRESENCE.
ALDI/LIDL COULD INCREASE THEIR MARKET SHARE TO 10%.
BIGSUPERMARKETS WILL FIND THEIR PROFITS MARGINS SQUEEZED IN THE RACE TO THE BOTTOM.
IT WILL BE INTERESING TO SEE WHAT HAPPENS.

Badboy, Lidl and Aldi have proved you can make a profit without fleecing the Customer. Whereas the big Supermarkets spent a fortune on decor, Restaurant etc, the Germans turned to basics and this is what the Customer wants, especially in these shaky times when the economy is fluctuating so much.

I WONDER IF IT WILL BE TESCO'S THAT WILL COLLAPSE OUT OF THE BIG 4.
ASDA,WAITROSE,ALDI/LIDL ARE THE ONLY SUPERMARKETS THAT ARE INCREASING PROFITS.

Badboy wrote:I WONDER IF IT WILL BE TESCO'S THAT WILL COLLAPSE OUT OF THE BIG 4.
ASDA,WAITROSE,ALDI/LIDL ARE THE ONLY SUPERMARKETS THAT ARE INCREASING PROFITS.

They will be closing Branches down Badboy , I think the Chairman has resigned , more redundancies I fear.

A CRIMINAL INVESTIGATION HAS BEGAN INTO POSSIBLE FRAUD AT TESCO'S,THIS WILL BE INTERESTING,TESCO'S SHARES ARE DECLINING IN VALUE.

TESCO'S COULD BE DEGRADED TO JUNK STATUS SAYS MOODY'S THE RATING AGENCY.

Badboy wrote:TESCO'S COULD BE DEGRADED TO JUNK STATUS SAYS MOODY'S THE RATING AGENCY.

I wouldn't be surprised Badboy.

POTENTIAL INVESTORS MIGHT AVOID THEIR SHARES LIKE THE PLAGUE.
JUNK STATUS MIGHT INCREASE THE AMOUNT OF INTEEST THEY WILL HAVE TO PAY.

Badboy wrote:POTENTIAL INVESTORS MIGHT AVOID THEIR SHARES LIKE THE PLAGUE.
JUNK STATUS MIGHT INCREASE THE AMOUNT OF INTEEST THEY WILL HAVE TO PAY.

Badboy, I think Tesco will close down many of the smaller Branches , yet again the taxpayer and Investor is going to pay for the greed of Banks and Supermarkets and not one arrest.

Tesco,i see might sell off tesco bank

Badboy wrote:Tesco,i see might sell off tesco bank

I didn't know Tesco had a Bank, I know the Co-op has.

TESCO'S WAS THINKING OF SETTING UP A BANK WITH BRANCHES IN SUPERMARKETS?

Badboy wrote:TESCO'S WAS THINKING OF SETTING UP A BANK WITH BRANCHES IN SUPERMARKETS?

The will abandon that idea for sure Badboy....in fact i would be surprised if they were given a Licence because they fiddled the books.

TESCO'S BANK HAVE MADE £43MILLION WORTH OF ERRORS.
A SELLOFF COULD RAISE £1BILLION.

http://www.telegraph.co.uk/finance/newsbysector/epic/tsco/11204645/Sir-Terry-Tesco-has-lost-focus-on-its-customers.html?WT.mc_id=e_3654753&WT.tsrc=email&et

He was responsible for the rise and rise of Tesco.