Author Topic: Tesco latest  (Read 18505 times)

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Offline villan

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Re: Tesco latest
« Reply #30 on: January 12, 2015, 09:55:35 PM »
The council should be stepping in here and telling them to build or 'preferably' get out of town.
What a sad state of affairs to see a valuable piece of land left to rot and peoples hard earned business property raised to the ground....for what, a faceless supermarket business that has no connection to the area or its residents if it is ever built.


Offline Dave

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Re: Tesco latest
« Reply #31 on: January 13, 2015, 09:32:16 PM »

Offline villan

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Re: Tesco latest
« Reply #32 on: January 14, 2015, 10:39:19 AM »
My point entirely Dave  ;)

Offline Stirch

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Re: Tesco latest
« Reply #33 on: January 14, 2015, 08:27:48 PM »
This is, supposedly, what Stirchley TESCO will look like :

http://www.birminghammail.co.uk/news/midlands-news/stirchley-tesco-scheme-safe-cuts-8405037

If this is what it will look like, if it's ever actually built, it is one of the blandest, most uninspiring pieces of design I have ever seen. Vile.


Offline Dave

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Re: Tesco latest
« Reply #34 on: April 22, 2015, 08:09:54 AM »


The downward spiral continues.

http://www.bbc.co.uk/news/business-32408661

Tesco posts record £6.4bn annual loss.

Tesco has reported the worst results in its history with a record statutory pre-tax loss of £6.4bn for the year to the end of February.
That compares with annual pre-tax profit of £2.26bn a year earlier.
It is the third year in a row in which the supermarket giant has reported falling profits.
Around £4.7bn of the losses were the result of the fall in property value of its UK stores, 43 of which it said would close earlier this month.
Annual group trading profit, which counts sales through the supermarket's tills was also down 60% at £1.4bn, compared with £3.3bn a year earlier.
Tesco chief executive Dave Lewis admitted it had been "a very difficult year for Tesco".
He added: "The results we have published today reflect a deterioration in the market and, more significantly, an erosion of our competitiveness over recent years.
"We have faced into this reality, sought to draw a line under the past and begun to rebuild, and already we are beginning to see early encouraging signs from what we've done so far."
He added that he expected conditions in the coming financial year to remain challenging.
The results cap a tumultuous year for the supermarket giant which is still being investigated by the Serious Fraud Office (SFO) after it overstated its half-year profit forecast in August by £263m.
Europe disappoints
UK like-for-like sales excluding fuel declined by 3.6% in the year.
The company said the performance of its European stores disappointed as a result of "strong competition from discount retailers" which held back its sales performance, particularly in Ireland which saw a like-for-like sales fall 6.3% in the year.
In Asia, Tesco said trading profit was £565m, once currency fluctuations were stripped out, 15.3% lower than a year earlier a result of sales falling in South Korea, Thailand, and Malaysia.
Tesco said it had also agreed a plan with the trustees of its pension scheme to pay £270m a year to help mend its £3.89bn pension deficit.
It has started a consultation with staff to replace the current defined benefit pension scheme with a cheaper defined contribution scheme.

Offline Kwacky

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Re: Tesco latest
« Reply #35 on: April 22, 2015, 08:51:44 AM »
Tesco can't afford to build on that site

The council can't afford to buy it back.

Looks like we're stuck unless someone else comes in.

Offline Dave

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Re: Tesco latest
« Reply #36 on: April 23, 2015, 07:53:34 AM »

@ Kwacky

I concur and believe that in the near future Tesco will announce abandonment of all future projects including Stirchley to conserve what little money they have.

What happens then?
Is the site again put up for sale?
Would ASDA be interested in salvaging this as they did show interest in coming to Stirchley?

Offline Kwacky

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Re: Tesco latest
« Reply #37 on: April 24, 2015, 07:30:43 PM »
I can only guess Tesco will put it up for sale and we have to wait to see who comes in for it. 

Offline Dave

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Re: Tesco latest
« Reply #38 on: April 25, 2015, 08:45:51 AM »

Offline Dave

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Re: Tesco latest
« Reply #39 on: April 29, 2015, 02:40:12 PM »

http://www.edp24.co.uk/business/the_tale_of_the_tesco_store_which_never_opened_1_4045732

Case study: Chatteris
The promise of a £22m investment and 250 new jobs is a charm offensive many local authorities would find hard to resist.

And Fenland District Council was no exception when Tesco came knocking with an ambitious plan to build a 47,000sq ft superstore in Chatteris, Cambridgeshire.

But rather than administering the economic shot in the arm that was expected, the unopened – faceless – supermarket now squats lifelessly on an empty car park.

News that the project would be mothballed emerged in September last year just weeks after Dave Lewis, the newly–appointed chief executive, was parachuted into Tesco to turnaround its ailing profits.

Despite an underpass being built, a roundabout installed and a nearby river re-routed, the supermarket was put on ice for three months before being scrapped with a second proposed store at Whittlesy in the new year.

They were just two of the 49 planned new supermarkets the business had to shelve in an attempt to put itself on a firmer financial footing. Mr Lewis described it as an “exceptionally difficult” decision to take.

Since then, reports have circulated that Tesco has paid out £9m in compensation to Somerset County Council and Sedgemoor District Council after plans to build a store at Bridgwater failed to materialise.

But for Fenland District Council it was a different story. Tesco has agreed to pay £20,000 into a community fund – a slice of which will be used to pay for the Chatteris Christmas lights celebration.

The absence of the new Tesco store means shoppers in Chatteris will now have to wait until 2016 for one of its biggest rivals, Aldi, to open a new supermarket in the town.

Offline villan

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Re: Tesco latest
« Reply #40 on: April 29, 2015, 03:50:01 PM »
In the case of Bridgwater you mentioned Dave...the land which previously housed a council run swimming pool,  was the subject of a development agreement by Tesco. As Tesco never actually signed a Section 106 agreement the land remained under the ownership of Sedgemoor DC and Somerset CC.
Sedgemoor DC have already spent their share (£5,324,380) of the compensation on a new local pool facility, although still retain their 60% share of the site (Somerset CC 40%). 

Offline Kwacky

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Re: Tesco latest
« Reply #41 on: May 04, 2015, 07:07:52 PM »
Something needs to be done with this land. Just seen what looked like a drug deal and then the two guys buying walking off behind the old working mens club.  If anyone sees a 57 plate silver Vauxhall Astra keep your eyes peeled.

Offline Jon Price

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Re: Tesco latest
« Reply #42 on: May 06, 2015, 07:11:02 AM »
Have seen some local lads going into the old Community Centre via a skylight just above the old entrance hall. This and the working men's club need to be raised to the ground as I suspect one or both will be used as drug dens as the houses were.
Sooner rather than later would be much appreciated.

Offline villan

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Re: Tesco latest
« Reply #43 on: May 06, 2015, 04:54:19 PM »
Did the police catch them still in there :/

Offline Jon Price

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Re: Tesco latest
« Reply #44 on: May 07, 2015, 09:51:01 AM »
Did report it to the Police but as to whether they were caught is debatable. I know where they come from though.