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Tesco PLC (TSCO.L)

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Wed, Sep 19 2018

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Tesco takes on discount rivals with new Jack's chain

CHATTERIS, England Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town.

Britain's Tesco takes on discount rivals with new Jack's chain

CHATTERIS, England Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town.

UPDATE 3-Britain's Tesco takes on discount rivals with new Jack's chain

* Taking on fast-growing German discounters Aldi and Lidi (Adds detail, CEO, analyst, investor comments, shares)

Tesco takes on discount rivals with launch of Jack's

CHATTERIS, England British supermarket group Tesco has laid down the gauntlet to German discounters Aldi and Lidl by launching what it said would be the cheapest store in town.

Tesco's unveils discounter 'Jack's', to open 10-15 stores in 2019

CHATTERIS, England, Sept 19 Tesco, Britain's biggest grocer, on Wednesday launched Jack's, a new discount format chain named after its founder, to better compete with German discounters Aldi and Lidl, which have been winning market share for a decade.

Britain's Tesco takes on German rivals with new discount store format

CHATTERIS, England, Sept 19 Tesco, Britain's biggest supermarket group, will go head to head with German rivals Aldi and Lidl on Wednesday by launching its own discount store format.

Hot summer boosts UK grocery sales as sector awaits new Tesco format

LONDON Grocery sales grew 3.8 percent in the latest 12-week period, boosted by demand for alcohol, soft drinks and ice cream in a record-breaking hot summer, as supermarkets brace for a push into the discount sector by market leader Tesco.

UPDATE 1-Hot summer boosts UK grocery sales as sector awaits new Tesco format

(Adds background) LONDON, Sept 18 British grocery sales grew 3.8 percent in the latest 12-week period, boosted by demand for alcohol, soft drinks and ice cream in a record-breaking hot summer, as supermarkets brace for a push into the discount sector by market leader Tesco. While the country's four biggest supermarkets benefited from the warm weather spending spree, they all lost market share to discounters Aldi and Lidl, whose sales growth was 13.9 percent and 8

CORRECTED-Supermarket chain Morrisons faces equal pay claims worth 1 bln pounds

Sept 11 Supermarket chain Morrisons is facing equal pay claims worth over 1 billion pounds ($1.30 billion), law firm Leigh Day said on Tuesday, seeking compensation for women who believe they were paid less than men in distribution centres.

Tesco set to launch new discount format next week

LONDON Tesco, Britain's biggest supermarket group, is set to launch a new discount format next week, taking the fight directly to German discounters Aldi [ALDIEI.UL] and Lidl who have been winning market share for a decade.

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