Tesco news and archive

Ashwin Prasad appointed Tesco UK CEO as Matthew Barnes departs

Tesco today revealed a series of changes to its executive team, signalling a strategic shift as the company aims to build on its current market success. Matthew Barnes, the current UK CEO, has decided to step down from his role to pursue other opportunities, with his departure effective from June 30, 2025. Taking over the helm of Tesco UK will...

Retail

Tesco launches F&F online

Supermarket store Tesco has launched its clothing range F&F online to meet the “growing demand from customers” and make it “even easier and more convenient to shop”. The move will see a curated selection of F&F collections available online, through its website and Grocery and Clubcard App, including women's, men's and kids' clothing, footwear...

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Business

Tesco prepares for online F&F launch as annual sales grow

Supermarket giant Tesco has revealed that it plans to carry out an online launch of its clothing brand F&F in the coming year. The news comes as the retailer posted its preliminary results for the fiscal year 24/25, during which time it welcomed a growth in group sales. For the period, overall sales, excluding fuel and VAT, rose to 63.63 million...

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Tesco names H&M veteran as MD for home and clothing

Supermarket giant Tesco has appointed Katja Ahola Klamkin as its new group managing director for home and clothing. She succeeds Jan Marchant, who is exiting the company after almost 20 years. Klamkin joins Tesco from H&M, where she has held roles of increasing responsibility over the course of 27 years. She had first joined the fast fashion...

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Business

Tesco to axe 400 jobs in efforts to simplify business

Supermarket giant Tesco has revealed plans to cut around 400 jobs as it looks to “simplify” its business model. Speaking to multiple media outlets, the retailer said that it was exploring “more efficient ways of working” to keep up with increased competition within the UK grocery sector. Those to be impacted are among the company’s bakeries,...

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Business

Tesco sales up over Q3 and Christmas, growth in clothing

Supermarket giant Tesco welcomed positive performance over Q3 and Christmas, covering the 19 weeks to 4 January 2025, reporting an increase in like-for-like sales during both periods. In the UK and Republic of Ireland, sales rose 3.1 percent, while for Central Europe, they were up 3.5 percent. Overarching retail sales increased 3.1 percent,...

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Business

Tesco clothing sales up as category continues to grow

British supermarket giant Tesco has reported a “strong performance” for its clothing category, which it said had helped boost its Home and Clothing division where sales rose 0.3 percent. This was revealed in the company’s latest interim report for the financial year 2024/25, when volume growth and market share gains were notably highlighted by...

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Business

Tesco introduces ‘digital passports’ for clothing ahead of EU crackdown

British supermarket giant Tesco is believed to have introduced “digital passports” for its clothing range in response to an incoming EU crackdown on sustainability that is set to come into play over the next few years. According to a report by The Telegraph, the retailer has applied the tool to each item in its F&F fashion range, providing...

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Fashion

In The Style establishes partnership with Tesco’s F&F brand

Fast fashion retailer In The Style (ITS) has announced a new partnership with F&F, the clothing brand of supermarket giant Tesco. Through the deal, the duo will release a collaborative collection set to launch on the ITS app and in 300 nationwide Tesco stores from June 20. Among the 22 piece collection will be a range of seasonal summer looks...

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Business

Clothing drives non-food sales for Tesco’s Q1

British supermarket giant Tesco has reported its financials for the 13 weeks ended May 25, 2024, in which it saw its like-for-like sales rise 3.6 percent across the UK and ROI to 14.3 million pounds. While food sales continued to be the core driver for its overarching performance, with a quarterly growth of 5 percent, in the non-food category,...

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Fashion|In Pictures

Zara McDermott launches clothing brand Rise

Love Island star and influencer Zara McDermott has launched a new women’s ready-to-wear brand in collaboration with Luminoso Brands, the brand licensing and marketing division of Poeticgem group. Called Rise, the casual womenswear brand aims to offer “comfort, inclusivity and style,” and launches with a capsule collection of versatile, easy-wear...

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Retail

The UK retailers making ‘record’ investments to raise staff pay

In a retail landscape marked by questions and concerns surrounding financial stability, mounting reports of “record” investments into employee pay suggest there is a light at the end of this gloomy economic tunnel. Various related announcements that have taken place over the past two months come after the introduction of a revised Real Living...