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Tesco's losses

(62 Posts)
Soutra Wed 22-Apr-15 18:08:40

Tesco has posted pre-tax losses of £6billion !!

Are you a Tesco shopper? I have wondered for some time what its USP was, others are cheaper ( Aldi, Lidl, ) , better, (Waitrose)more comprehensive ,(Sainsbury's) or better situated.
Why shop at Tesco's?

whitewave Wed 22-Apr-15 18:12:07

Couldn't care less!grin That isn't the working profit though only represents the capital loss for that year.

merlotgran Wed 22-Apr-15 18:14:24

I hate Tesco. Prefer Sainsbury's but Aldi saves me 30% on my shopping so it's a no brainer.

soontobe Wed 22-Apr-15 18:14:51

Tesco is our nearest supermarket unfortunately.

Ana Wed 22-Apr-15 18:17:12

Sometimes it's a case of lack of choice. There isn't a Sainsbury's or Waitrose within at least 50 miles from me, the only main supermarkets are Asda and Tesco (Asda is much better, both for produce and customer service).

There is an Aldi and a Lidl in the next town, but if I had to rely on public transport I wouldn't bother shopping at those.

pompa Wed 22-Apr-15 18:25:46

We prefer Tesco. Like their Finest range especially. Ours has an excellent fresh fish counter. Don't like Sainsbury's for any food products. Morrison's butchery is good, we phone our orders in and collect. Waitrose - overpriced and overrated, also our nearest one is poorly staffed and every time we have used it, long wait at check out. We do not have an Audi/Lidl close enough.

AshTree Wed 22-Apr-15 18:33:57

We have Sainsbury, Tesco, Morrisons, Asda, Co-op, Aldi and Lidl all within about 6 miles of our house, so we pick and choose - certain things in certain stores. Sainsbury and Lidl are probably our favourites, with Co-op being used for convenience (it's just up the road). I have to say we have been buying more and more at Lidl's recently as they seem to just go from strength to strength. They now have in-store bakeries which are very good and so reasonably priced. Also their fresh fruit and veg is extremely good (and cheap!).
Like Pompa, we like Tesco for the fresh fish counter - last week I got a whole salmon on offer for £13.82 - I got 17 salmon steaks out of it. Now that is cheap!! But Sainsbury fresh fish is also very good. And of all of them, we've always found that Sainsbury's fruit and veg seem to have the longest shelf/fridge life.

tanith Wed 22-Apr-15 18:36:00

Nearest to us is Tesco which I use but also Aldi, Lidl, Asda, Makro, Costco and Sainsburys on occasion. Wherever my fancy takes me , I tried Waitrose but found it expensive, aisles too cramped and big queues I won't go there again. I like Morrisons especially the Deli counter but there isn't one close enough as we have Tesco and Sainsbury on the doorstep..

pompa Wed 22-Apr-15 19:21:29

I forgot ASDA, but the one in our village is awful, so hardly ever go there.

loopylou Wed 22-Apr-15 19:24:51

I use Tesco for online shopping, they're better than the alternatives IMO but I tend to shop at Sainsbury's or occasionally Waitrose if feeling flush.

pompa Wed 22-Apr-15 19:35:44

There was a TV report about on-line grocery shopping, Tesco came out extremely well. Few items substituted and shelf life equal or better than shop, and much better than other companies. We have always be very satisfied with Tesco on-line.

loopylou Wed 22-Apr-15 19:41:00

I've tried all of them (forced to when immobile for 3 months) and they were definitely the best by far.

Agus Wed 22-Apr-15 19:56:28

I have tried Tesco, Morrisons and Asda but I wasn't impressed with the range or quality and found myself having to go to Sainsburys, Waitrose or M & S for items I couldn't buy at the aforementioned supermarkets. We also have a Whole Foods where I buy certain items, especially their range of fresh bread and fish, caught locally.

pompa Wed 22-Apr-15 20:24:23

I hate going into a strange shop, I like to know where things are, shop and get out asap. Got used to our local Tesco, know what I like and can be done quickly.

durhamjen Wed 22-Apr-15 20:28:59

I buy organic, and Tesco's has very little organic produce.

durhamjen Wed 22-Apr-15 20:30:33

Does that mean that Tesco might not have to pay tax next year as they can offset losses against profit?

pompa Wed 22-Apr-15 20:34:46

I guess if you pay tax on profits, you don't pay them on a loss.

durhamjen Wed 22-Apr-15 20:49:33

Yes, pompa, I realise that, but losses can be carried forward and offset against the next few years; I think it's three years. No doubt someone will know.

pompa Wed 22-Apr-15 21:11:21

Yes I seem to remember that when I was self employed profit/loss was taken over a few years for tax.

granjo39 Wed 22-Apr-15 22:04:30

Our local Co-op is being taken over by Netto- No-one seems to have mentioned them.Anyone got any opinions?

janerowena Wed 22-Apr-15 22:10:40

I used to have a netto years ago. They were very good.

Tesco lost money trying to expand onto the continent. Seriously, why would any self-respecting European wish to shop there when they can go to Geant or whatever? I suspect the only branch that was successful is the vast one on the coast where all the brits returning from their holidays stock up before they go home on the ferry or through the tunnel.

I do have to buy some things from them, but I do have an Aldi and very recently, a Lidl. Both are far busier than the local Tesco.

NotTooOld Wed 22-Apr-15 22:51:01

Poor old Tesco - not so many years ago it looked as though Tesco would take over the world and now look at it. I believe a lot of its losses are to do with the sites it has bought on which to build future super stores which are no longer viable because our shopping habits have changed. However, it can surely redeem some of these 'losses' by re-selling the sites. Planning consents have been made easier so why can't Tesco sell to builders?

Ana Wed 22-Apr-15 22:58:54

In my area at least, Tesco has always lagged way behind Asda and Morrisons (and even the Coop!) in the customer service department.

It's only in the last year or so that the checkout operators have actually engaged with customers and asked whether they need help with packing etc. This particular branch has also been prosecuted and fined for selling out of date produce at least twice.

I feel they've been resting on their laurels for far too long and now their chickens are coming home to roost! grin

POGS Wed 22-Apr-15 23:11:21

I don't dislike Tesco for some things to be fair.

What I found amazing about Tesco is the fact they spent millions owning private jets!

Soutra Wed 22-Apr-15 23:33:37

Look at the figures in the papers tomorrow, granted some of the £millions can be attributed to capital losses, the fall value of property etc, but trading figures are 78% down , that's bad by any standards!