NEWS

Tesco pledges not to pass costs onto suppliers

Published on: 10th December 2013

Tesco chief executive Philip Clarke has insisted it will not target suppliers to compensate for falling sales.Tesco-Logo-300

After revealing like-for-like sales had fallen 1.5% in Q3 to 23 November, and admitting Tesco had been taken by surprise by the slowness of the economic recovery, Clarke claimed that analysts who predicted that Tesco would target suppliers for cost saving were mistaken.

At a supplier’s conference last week, Mark Suddaby, Tesco’s category director for grocery, said the company wanted to build closer relationships with its suppliers and called on them to come up with ideas for better collaboration.

Tesco admitted this May that its previous approach to suppliers had sometimes been too confrontational. At the time, Tesco launched a trading charter prioritising innovation and joint working.

If you would like to receive our daily newsflash email, please enter your email address in the “sign-up” box at the top of the page; you can also follow us on Twitter and Facebook and request a print subscription here.

RECENT ARTICLES

Going Nowhere… it’s the Bank Holiday Blog!

Fanbytes announces new reality-style online show

Thursday 9th April – Latest toy industry reaction to coronavirus outbreak

Fisher-Price report highlights positive effects of play on parents and carers

Exclusive: the latest from the pre-school category

ViacomCBS appoints Simon Leslie

Statement from TIE’s Sanjay Luthra on the power of play

Exclusive – IETP’s Carmel Giblin calls for the toy industry to work together

Operation Pac-Man issues update after first week of efforts

Generation Media announces launch of Generation Academy