Is Tesco a takeover target?

kangoora wrote: »

My local Tesco is always jam packed. Mind you, they haven't got much competition being the only decent sized supermarket in a 15 mile radius We've got an Aldi and a Lidl but they are both 3 aisle mini-supermarkets.

I would bet assessing each stores revenue and profitability will be pretty high on the new boss's radar. Expect to see a few store closures I would think over the next year.

I wouldn't be surprised if they stop opening 24 hours either, certainly on some stores - how many people go shopping at 2am in the morning? I think we've only shopped once past 11pm since they started and that was returning late from a holiday and I can count on the fingers of 1 hand how many times we've shopped past 9pm.

Problem with store closures is they may still be legally obliged to paying rent for years ahead. Like they are still paying £m salaries to Clarke & McIlwee
24 hour opening is far cheaper because they only do it at stores that would still be staffed anyway for shelf filling, maintenance & cleaning, taking deliveries etc. Doesn't cost much extra to keep a checkout open

I have mixed feelings about wishing them well after all they love saying look we have created all these jobs quietly forgetting all the jobs lost from the high street when they did so. A small market leader would be no bad thing and in fact maybe they can do a woolworths!

Glen_Clark wrote: »

can you post a link to where you got that 'information'?

No, because I didn't get the "information" (your quotes) from a web based source. The source for the number of planned regular customers was from Sainsbury's verbally while they were initially consulting with local residents. The figure was 500, commensurate with a town of 2000 households that already has 3 other similar shops. After realizing the degree of opposition to the application, they put the minimum in writing, not even submitting a retail impact assessment as requested by the council. So Sainsbury's refused to provide any document which could be linked to.

My figure for objectors was the four figure number that signed a petition against the development, of these 564 formally objected to the planning application vs 4 supporting and 3 neutral.

Total supermarket sales have been flat for the last 18months, a period in which total retail sales have grown by 5% in line with the economy. While the supermarkets still have 40% of the retail market, its a sector in which personally I wouldn't invest. In my view its had its day and will be in relative decline from now.

Edit. Especially since the current "winners" are either privately owned (Aldi, Lidl, Waitrose) or US owned (ASDA).

Minrich wrote: »

How much of Aldi and Lidls products are British ?
Do they support local farmers and growers ?
Where are their products from ?
Is the "Buy British" campaign still running or is it now " Buy cheapest " ?

I have to say that I always buy a lot of veg (and some fruit) in Lidl because they seem to stock more British produce than the other supermarkets.

For example, today I bought a bag of Cox's apples (grown in Kent) for £1, 1kg carrots 59p, large swede 89p, purple sprouting broccoli £1 - all British.

Sorry to bore all of you fellas, just wanted to make the point that they do in fact have quite of lot of fresh home grown produce at very reasonable prices;)

Those of us on this Savings and Investments forum are a small minority. Many people are suffering with stagnant or falling wages, whilst the cost of everything especially housing has gone bananas - over 5 million people, many of them employed with a so called 'job' are claiming Housing Benefit which has sent the public finances into a tailspin.
Tesco is far more accurate barometer of the British Economy than Osborne's pre election fiddled 'Inflation' and 'Growth' statistics