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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Applications for this year’s schemes, starting in September, closed in December last year. They proved very popular with the graduate sector as 16,000 applications were received for the 100 places.

Tesco is keen to take on graduates, as the firm recognises the assets they bring to the corporation, and how the tough economic situation affects university leavers.  However  Store Staff and Managers are left incredulous, with the announcement,  stores are being tasked more and more to meet their almost impossible wage budgets, Customer assistants are placed under more and more pressure to deliver in environments with decreasing morale,  line managers are now left in no doubts that they will not recieve good reviews if they do not stay additional hours, as this is the message being given by the Operations Directors – Store Directors – Store Managers – Line Managers (article to follow with recording of a actual Store Managers conference call!)

Tescos is seen as a timebomb by some experts,  putting more and more pressure onto Stores and distribution, whilst those in their ivory towers fiddle with their numbers, targetting, forecasting and take critical responsibilities away from the managers in-store.  The centralisation of the company is nearing completion and experts are now predicting that the ‘brain drain’ seen so far at Director level will soon filter to Store Managers & Line Managers as they realise that they are no longer able to actually ‘manage’  – they are simply there to do the Mighty Head Offices orders.

And whilst the might of Tesco seems to be containing the bad news due to the meekness of  the British press,  The future of Tesco as market leader is certainly in doubt.

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