Post by MM
On Sun, 19 Oct 2014 16:06:35 +0100, "michael adams"
Post by michael adams Post by MM Post by Graham.
Tesco, isn't that the store that is in danger of going under if it
doesn't get its act together?
In the past week that danger seems to be reaching boiling point as
more senior managers are suspended, the share price falls again and
Warren Buffet sells 245 million Tesco shares, saying that his decision
to invest in Tesco had been a "huge mistake".
We could hold a competition as to which company will take over the
empty stores once Tesco folds.
"Tesco has reported a 6% fall in group trading annual profit to £3.3bn
as it continues to lose market share to discount rivals."
To repeat: £3.3 billion profit.
Amazon: founded 1994.
Total profits after 20 years of trading £0, $0 , zilch, zero
Will Amazon ever be profitable?
Seems to me that Amazon have their heads screwed on, because no profit
= no tax!
"as it continues to lose market share to discount rivals"
Tuesday 11 March 2014 13.38 GMT
The latest data from Kantar Worldpanel shows Tesco's market share
dropped to 28.7% in the 12 weeks to 2 March. That compares with
29.6% a year ago and turns back the clock to late 2004 when the
retailer was in the ascendant. At its peak, in October 2007,
Tesco's share hit 31.8%.
So the most market share it's ever lost, is 3% over 7 years.
31.8% to 28.7%.
Regardless of who that was to.
The fact that the discounters are showing a large percentage
gain in their "own" market share is due to the fact that they're
starting from a much smaller base.
A small corner grocery store which opened another branch would double
its market within a year.
The Warren Buffett remarks can only be judged in the context of
when he bought, and at what price.
If he'd applied his well known principles to Tesco he'd have
bought 20 or more years ago and sold out at just past their peak.
The fact that he's apparently been caught with his trousers down
is hardly a ringing endorsement.