Tesco are unfixable. The big questions are: 1. How long has this been going on? After all a whistleblower brought this to Save Lewis attention and my ear is that someone in the finance team who felt really uneasy about what they were being told took the opportunity to go and talk to Lewis. The thing is, when a management team are struggling they make bad decisions and once you start, you can't stop. So when did this begin and, 2: Who gave the order? Some one could be going to prison. More tellingly there is no end to Tesco's falling market share and for all the markets call them to cut prices, it doesn't matter if they do...Aldi, Lidl and Asda all have deep pockets and will match. Then what? Tesco are screwed. The only hope for a recovery of some shareholder value is a takeover.
Warren Buffett is down $750m..Mike Ashley is small potatoes
Morrisons is a better stock than this.
blue day, but i am concerned about the result findings in october
Good to see Tesco continuing to keep pace with new payment mechanisms. I read an article this morning about how Tesco are trialling a new payment method at their Self-Checkout tils, called PayQwiq.
It's currently only being trialled in London and Edinburgh I believe and basically allows the customer to use a card stored in their Tesco online account to pay for goods in store at a Self-Checkout.
Here's more about the system:
[link]
Here's the article I read on The Register:
[link]
Not sure I'm keen on the name of the system but the principle is great and shows Tesco is continuing to look at new and "faster(?)" payment methods!
Maybe this is the first step of Tesco taking on the payment gateway market and take on the likes of RBS / Streamline.
There is a frenzy at the moment, brought to the media's attention by the release of the Apple iPhone 6 with "Apple Pay", which involves using your mobile to make payments. If this craze is to take off, and Tesco are to be involved with it, it bodes well!
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