TESCO TRUTHS

From our information, most of the stores have now completed the price changes,  however – a number of compliance managers and PID assistants have contacted us to express their concern that all is not well in the Tesco Lands.

Obviously, with Tesco failing to track the price changes, the stores have had to set-up their own trackers – the concern is that no-where near the expected quantity of labels had been sent,  many departments have completed some price verification routines today on affected areas,  we have recieved faxes of paperwork showing PV routines showing price discrepancies of more than 67% on one mod alone! – i.e over half of  all price labels on one area alone is incorrect!!,  Compliance managers are concerned that Tesco’s Head Office have managed to pass the problem to stores and that all the flak will be directed at the PI departments rather than the H/O staff responsible for this farce!!

“Traders are required to display clearly their prices inclusive of VAT. For a period up to 14 days, they are permitted under the Price Marking Order 2004 (SI 2004/102) to let consumers know, by way of a general notice, that an adjustment in price, to take account of the VAT change, will be made at the till.”

The Order was amended in December to give 28 days for price changes.”

THIS DOES NOT GIVE TESCO’s THE RIGHT TO OVERCHARGE DUE TO POOR PRICE INTEGRITY HEAD OFFICE POLICIES.

We look forward to recieving more details from you all in the next week!!

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A Thai court has dismissed a law suit filed by Tesco against a former MP, Jit Siratranont, for making comments that the supermarket giant’s expansion was at the expense of small retailers.

Siratranont, now deputy secretary general of the Thai Chamber of Commerce, was facing up to two years in jail and a £16.4m libel damages claim after he made a speech at Bangkok’s Kasetsart University saying Tesco’s expansion was “aggressive”. He also claimed that the profits from its Thai subsidiary, Tesco Lotus, were sent back to the UK, causing deeper poverty in Thailand.

The court dismissed the libel case filed by Ek-Chai Distribution System Company Limited, a wholesaler and retailer of Tesco Lotus, ruling that the criticism made by the defendant was “in good faith by way of fair comment on any person or thing subjected to public criticism”. The court also dismissed the claim of one billion baht damages (about £16.4m) by Tesco.

“We have made it clear throughout that all we want is to put the record straight and get an apology from Mr Jit,” said a spokesman for Tesco. “We are considering our options.”

Last year Tesco in Thailand launched three libel claims over separate allegations in relation to the company’s expansion.

Nongnart Harnvilai, 45, a writer for Bangkokbiznews, wrote about Tesco Lotus’s plans to open a further 130 outlets, saying Thai competitors were in for a difficult time. Tesco settled the action after seeking £1.9m in libel damages, with an apology published in the paper for three consecutive days.

A third case was brought against Kamol Kamoltrakul, an academic and also a writer for Bangkokbiznews, who is facing a £1.6m damages claim after being served with a libel writ. The Tesco spokesman said that the company was still working towards an out of court settlement over this case.

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