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Tesco to Take Hit of up to £925m Due to Coronavirus

In the News

Tesco to take hit of up to £925m due to coronavirus

Totally did not expect this . If one of the countries largest retailer who has been trading throughout , expects loses like this, the future after the pandemic doesn't look good for other retailers, especially the ones that have had to shut up shop completely at the moment

https://www.msn.com/en-gb/money/news/tesco-to-take-hit-of-up-to-%c2%a3925m-due-to-coronavirus/ar-BB12iLUk

Mango4
2 months ago
What do you think of this?
angemski
angemski2 months ago

Wow! Bit of a shocker! I suppose now it's down to online delivery orders and if you can't get it from your shop of choice you move on to the next seller who has a slot. The effects of this are going to impact us for years. 🙁

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Lynibis
Lynibis2 months ago

I don't understand this as a while ago they were rubbing their hands with glee at the huge profits they were making through people overbuying and stockpiling.

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Mango4
Mango4
Original Poster
2 months ago

I thought so to but it appears that Clothing and fuel sales are both down 70 per cent , Household & electrical sales also down and their wholesalers Booker suffered after restaurants were forced to close . Tesco also hired around 45,000 employees to cope with soaring demand, driving the increase in retail costs.

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Pjran
Pjran2 months ago

I’m shocked. I thought their trade was higher due to the virus and no one dining out. I’ve had problems, like many others, getting a delivery slot.

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tumblespots
tumblespots2 months ago

I haven't shopped there so I suppose I am not that surprised, but the reason for this is that I can't get a delivery slot and Tesco is half an hour away. But surely they must be selling standard store products hand-over-fist and making a profit too! 🐞

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