Tesco has outsourced its in-store merchandising services from its subsidiary Oakwood Distribution to eXPD8, the Bristol-based retail merchandiser announced.
In an interview with The Mail on Sunday, Tesco CEO Dave Lewis has called for a 2% “Amazon Tax” on products sold online to help struggling high street stores.
Tesco reported an 11th consecutive quarter of rising sales, with UK like-for-like sales up 2.5% in second quarter and 2.3% in the first half. Sales at food wholesaler Booker, which Tesco bought at the end of last year, rose 15.1% in the second quarter.
Tesco will unveil its new discount chain — reported to be called Jack’s — next week in a bid to win back shoppers from Aldi and Lidl.
Tesco announced that UK CEO Charles Wilson is stepping down from the company board after being diagnosed with throat cancer.