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From March 2015 to January 2017 the rate of inflation for food in the UK was in a negative percentile

At the beginning of March 2017 that became a positive steadily increased every month peaking a 4% in November 2017

Since then it has dipped and then grown again

BREXIT is the major economic event correlating with the figures

In June 2016 is when Brexit happened – the  inflation rate grew gradually from minus percentiles to a positive one in the months after as importers and exports began to react to the change in the economy, exchange rate and cautious/thrifty buyers. à this cost is passed on to consumers

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Trading Economics. (September 30, 2019). Inflation rate for food in the United Kingdom (UK) from March 2015 to August 2019 [Graph]. In Statista. Retrieved November 12, 2019, from https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/

Trading Economics. "Inflation rate for food in the United Kingdom (UK) from March 2015 to August 2019." Chart. September 30, 2019. Statista. Accessed November 12, 2019. https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/

Trading Economics. (2019). Inflation rate for food in the United Kingdom (UK) from March 2015 to August 2019. Statista. Statista Inc.. Accessed: November 12, 2019. https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/

Trading Economics. "Inflation Rate for Food in The United Kingdom (Uk) from March 2015 to August 2019." Statista, Statista Inc., 30 Sep 2019, https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/

Trading Economics, Inflation rate for food in the United Kingdom (UK) from March 2015 to August 2019 Statista, https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/ (last visited November 12, 2019)

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United Kingdom: inflation rate for food 2015-2019 | Statista

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You only have access to basic statistics. Your perfect start with Statista Instant access to 1m statistics Download in XLS, PDF & PNG format Detailed references Corporate solution including all features. * All products require an annual contract. Prices do not include sales tax. Statista has been my savior on several occasions.

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Recently Aldi has been making a direct comparison between the products sold at Aldi to the ones at Tesco. At the end of the TV advert, displayed is the exact same products and the price difference between the two stores. This type of blunt, to the point marketing, is what is driving consumers from Tesco to Aldi. This advert is embarrassing for Tesco as it claims low prices but is being shown up by the new market entrant.

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In January 2017 Aldi overtook the Co-op as the UK's 5th largest supermarket.

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Tesco largest competitor slightly edging out ASDA.

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The Christmas season is one of the most competitive times for the supermarkets and what often sets them all apart are their top ranges. Full of seasonal desserts, ingredients or even full courses. All promising to make our Christmases better than all the rest. This year Tesco are set to do something a little different by opening a wine bar in London stocked with their 'finest' wine, cheeses and Christmas treats. This opportunity is something that the other retailers don't have therefore steering more attention to Tesco and their range this year.

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The increase in minimum wage for Tesco's shop floor and warehouse workers puts them in line with their biggest competitors but, its all at the expense of the big bosses.

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Tesco has awarded its shop floor staff a 10.45% rise in hourly pay over the next two years to £9.30 an hour but offset it by ditching their annual bonus.

In September the supermarket will increase minimum hourly pay for its store and warehouse workers from £8.42, one of the lowest rates among the grocers, to £9 an hour, bringing Tesco into line with current rates paid by Lidl and Asda and ahead of Morrisons. However, Morrisons staff, who are expected to get a pay rise this autumn, receive a bonus equivalent to up to 3% of annual salary.

The Tesco pay rise, equivalent to nearly £1,200 for someone on a 30-hour week, will be offset by a loss of an annual cash bonus, which amounted to a maximum of 3.5% for all staff this year.

The cut in bonus for shop floor workers comes after Tesco's chief executive, Dave Lewis, banked a £1.6m annual bonus this year, taking his total annual payout to £4.6m.

The Labour MP Siobhain McDonagh, who has campaigned for better pay deals for retail workers, said: "Usdaw has done a brilliant job in securing a pay rise for tens of thousands of staff in Britain's largest supermarket. But how can it be right that a chief executive takes home millions of pounds in bonuses while he removes the entire shop floor staff bonus scheme? Are his staff not worth £9 an hour plus their annual bonus?"

Until a second pay rise takes effect in October 2020, lifting pay to at least £9.30 an hour, Tesco workers will still earn less than their counterparts at Aldi, who earn £9.10 an hour, and Sainsbury's, where staff have earned £9.20 an hour since September last year. Sainsbury's staff, who lost the right to paid breaks and bonuses in favour of more in hourly pay in 2018, have been promised another review of their pay in March 2020.

Major retailers have been forced to improve their hourly rates for shop floor staff after a near 5% rise in the legal minimum wage to £8.21 an hour from April and increasing competition for workers as a result of a tight employment market, partly resulting from uncertainty for EU workers linked to Brexit.

However, pressure on costs, including rising business rates and a drop in the value of the pound, which has made buying goods from abroad more expensive, have also led businesses to trim back staff perks including paid breaks, premium pay for unsocial hours and annual bonuses.

Amazon increased hourly pay rates for UK workers to £9.50 an hour from November last year but offset about half the average rise by taking away share bonuses.

Jason Tarry, the chief executive of Tesco's UK business, said: "We are delighted we have been able to offer our colleagues a pay increase of over 10%, despite the significant economic challenges and uncertain times many retailers are currently facing. Together with our other colleague benefits, it makes our total reward package more competitive than ever before."

Pauline Foulkes, national officer of the shopworkers union Usdaw, said: "Usdaw has negotiated a two-year pay deal with Tesco that amounts to over 10% and will take the basic rate to £9.30 per hour by October next year. This significant increase, which includes the incorporation of the colleague bonus into hourly pay, means the basic rate will be equal to the current real living wage rate of £9 per hour by September this year. We continue to work towards a £10-per-hour minimum as set out in Usdaw's Time for Better Pay campaign."
Topics

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Tesco raises wages for store and warehouse workers by 10.45%

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Tesco has awarded its shop floor staff a 10.45% rise in hourly pay over the next two years to £9.30 an hour but offset it by ditching their annual bonus.

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A union at the top of the food chain. The largest in the UK and the largest in Europe.

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Tesco says it is planning a "strategic alliance" with French retail giant Carrefour, as the two try to use their joint buying power to cut costs and offer lower prices to customers.

The companies said the alliance would improve the quality and choice of goods available, and create "significant opportunities" for suppliers.

The move comes as retailers face an increasingly competitive environment.

Tesco is the UK's largest retailer while Carrefour is Europe's largest.

Last year, Tesco - which employs 440,000 people - reported profits of £1.3bn with sales of £57.5bn.

Carrefour operates 12,300 stores across more than 30 countries, employing about 375,000 people worldwide. Last year, it had sales of €88.2bn (£78bn).

The two have been talking for two years and, although no formal agreement has yet been signed, they said they were hoping to confirm a deal in the next two months.

Retail shake-up

Tesco chief executive Dave Lewis said: "By working together and making the most of our collective product expertise and sourcing capability, we will be able to serve our customers even better, further improving choice, quality and value."

The grocery sector is currently going through a period of rapid change. Tesco itself recently completed the purchase of wholesaler Booker, and in April, Sainsbury's said that it was in advanced talks to buy Asda.

The traditional big four UK supermarket chains - Tesco, Sainsbury's, Asda and Morrisons - have faced increasing competition from the rapidly-expanding budget chains Lidl and Aldi over the past few years, and there is now the added threat of internet giant Amazon moving into the sector.

Last year, Amazon bought upmarket grocer Whole Foods. In the UK, Amazon offers food sales through its Amazon Fresh service, although currently that is still focused on Greater London and parts of the South East.

'Great opportunity'

Tesco's performance has gradually improved since 2014, when it reported the worst results in its history with a record pre-tax loss of £6.4bn. However, it recently recorded its 10th consecutive quarter of rising sales and said its growth plans were on track.

In January, Carrefour announced a major transformation plan that involved making cost cuts of €2bn by 2020, and investing €2.8bn in e-commerce by 2022.

Announcing the planned tie-up with Tesco, Carrefour Group chief executive Alexandre Bompard said the agreement was, "a great opportunity to develop our two brands at the service of our customers".

"This international alliance further strengthens Carrefour allowing it to reach a key milestone in the implementation of its strategy."

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Tesco says Carrefour tie-up will cut prices

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Tesco says it is planning a "strategic alliance" with French retail giant Carrefour, as the two try to use their joint buying power to cut costs and offer lower prices to customers. The companies said the alliance would improve the quality and choice of goods available, and create "significant opportunities" for suppliers.

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Tesco is in one of the country's most competitive markets.

Although they only have 6 or 7 main competitors they all are providing the same product thus resulting in a "Price War".

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Total Value: £179.1bn
Growth Rate: Av. 2.28% per year
Market share is heavily contested amongst competitors however Tesco have managed to consistently hold a higher share than the rest but that percentage is decreasing as time and the environment progress.

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Great Britain: Grocery market share 2023 | Statista

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Which supermarket has the largest market share in Great Britain? Aldi’s recent growth into double digits could threaten the top retailers’ positions.

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Holding the largest customer base in the UK,  Tesco's actions can heavily influence the trends seen in buying habits and product success across all food retailers. However in recent years consumer's priorities have changed and the importance of quality at a good price is becoming more prevalent. This has welcomed the discount stores such as Aldi and Lidl. Another trend brought on by a change of priorities is convenience and this has welcomed online supermarkets such as Ocado and meal prep kits like Hello Fresh. All these influences have negatively affected the market share of Tesco.

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Great Britain: Grocery market share YoY 2013-2018 | UK Statistics

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This statistic illustrates the market share of grocery stores in Great Britain from August 2012 to August 2018. In the 12 weeks to August 12, 2018, Tesco's market share stood at 27.4 percent. Compared to a corresponding period in previous years, Tesco has progressively lost its share, while the discounters Aldi and Lidl have both gained share every year over the same 12 week periods.

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Tesco Plc is the UK's biggest food retailer holding a HUGE market share of 27%.  Founded in 1919 by Jack Cohen as a group of market stalls Tesco is one of the longest-running food retailers in the world. Tesco has 3,961stores across the UK employing more than 300,000 'colleagues' across all the stores. This supermarket giant is the sole provider of many UK households with 39% of 'Clubcard' customer shopping instore more than once a week.