Friday, September 15, 2023

You reap what you sow

Businessman Rupert James shares his views on the problems at Tesco

 

Jack Cohen founded Tesco; his wife was called Tessa Cohen. That is where the name comes from. It grew far too quickly and it has become too big. Now this behemoth is unsurprisingly reaping what it has sown.

 

Tesco's problems have been brought on by its own arrogance argues Rupert James
Tesco’s problems have been brought on by its own arrogance argues Rupert James

Tesco destroyed village shops, they destroyed local butchers, fishmongers and grocers and I won’t even mention the thousands of farmers who’ve royally been screwed by them. Here is a business that has been arrogantly run and arrogance in business is unwise. In the end, arrogance usually bites you in the arse and Tesco is now experiencing just that.

 

Tesco is floating around representing no particular demographic. People go to M&S, Waitrose and Sainsbury’s and people also go to Aldi and Lidl because they know what each of them represents. Tesco, though, is a colossus with clay feet and it will go on losing market share until it decides what it stands for. It is no wonder that this company has got “accounting problems”: It can thank its very own arrogance.

 

Rupert James is a British businessman. Follow him on Twitter at @Rupsiabout.

 

 

Subscribe to our free once daily email newsletter here:

     

    The Steeple Times
    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    8 COMMENTS

    1. I won’t be boycotting Tesco myself because of their arrogance. They have some great deals on things like alcohol but I never buy vegetables or meat there. It is of shockingly bad quality compared to M&S and Waitrose and not really that much cheaper.

    2. A good article.
      Why do these retailers choose ex bankers as chairmen….Robert Swannell(Schroders)…M&S and one time HMV…both retail dogs; Richard Broadbent(Schroders) Tesco; Marcus Agius(Lazard) Barclays( a sort of retailer)
      The lesson is that appointing a banker as chairman is a clear sell signal

    3. Tesco, as several commentators have noted, has no one on the board with Domain Knowledge, i.e. no one has any experience within the retail sector. At least one of the board is from a country in which Tesco has no stores at all! Unless there are people at board level with domain experience (as opposed to ex or current bankers/wankers), the kind of problems which have arisen are almost bound to occur.

      As to the quality of their produce: my son and daught-in-law, formerly regular Tesco customers, have given up getting their fruit and vegetables there because the quality is so low. They are clearly not alone in feeling that the Tesco value offer isn’t such good value after all. (Result: they now buy more stuff at Waitrose!) Once formerly loyal customers defect, any business is in trouble.

    4. I shop in Tesco and I love it. Why are you all attacking this company? Matthew Steeples: I am surprised you allowed someone to write something so anti-capitalist on your pages.

      • I did not write an anti capitalist article. I just wrote about a now floundering business. Whose management is somewhat lacking. In business, if you throw your weight around and continuely bulldoze your way forward. You will eventually hit a brick wall, and start going backwards. Which is precisley what has happened….R.J.

      • Tracey

        Are you all there?
        Tesco mis-stated its profit by a quarter of a billion pounds. In doing so they deceitfully and dishonestly inflated their share price.
        It is entirely appropriate that they are the subject of censure. What this has to do with being anti capitalistic confuses me.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    £1 per week Supports The Steeple Times

    Help journalism to remain honest & independent. You can make a difference to the world today.

    3,573FansLike
    2,068FollowersFollow
    16,670FollowersFollow
    4,962SubscribersSubscribe

    Subscribe For DAILY NEWS

    Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

    AD
    Advertisement

    Trending Now

    ‘Comeback King’ Kevin Spacey – Actor Seeks To “Leave The Nonsense Behind”

    As Kevin Spacey’s eccentric ‘friend’ Geoffrey Mark claims the “exonerated” actor will now “leave the nonsense behind” and begin his comeback, we remind of his friendships with ‘curious sorts’ including Prince Andrew, Jeffrey Epstein, Ghislaine Maxwell and Harvey Weinstein.

    Summer Silly Season Stories 2023 – ‘The Steeple Times’ Is Back

    Matthew Steeples highlights the stories he’s been following during the ‘silly season’ summer of 2023 – amongst them matters Ghislaine Maxwell and Rudy Giuliani and podcasts about ‘true crime’ as a genre.

    Most Popular Articles

    Was Mucky Minx Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?

    As author Kirby Sommers suggests that the then Meghan Markle likely spent time with Prince Andrew and Jeffrey Epstein before she met Prince Harry, we again highlight the mucky, murkiness and mendacious manner of this alleged “yacht girl.”

    Most Liked...

    Big Zuu (Birth Name – Zuhair Hassan)

    Big Zuu Zuhair Hassan
    A rapper and grime MC turned TV star of ‘Big Zuu’s Big Eats,’ Zuhair Hassan is an example of a youngster with infectious positivity and great talent. A modern-day Keith Floyd in the making.

    Nasty NestSeekers

    Nasty NestSeekers – Realtor turned alleged squatter Jonathan Davis – Entitled Hamptons brat Jonathan Davis exposed for allegedly squatting in a house in Sag Harbor owned by Paula Rosado during the coronavirus lockdown; it turns out he’s a realtor with NestSeekers.
    Entitled Hamptons brat Jonathan Davis exposed for allegedly squatting in Sag Harbor during the coronavirus lockdown; it turns out he’s a realtor with NestSeekers.

    SW3’s Smallest – Smallest Stand-Alone House In Chelsea For Sale For...

    SW3’s Smallest – Smallest Stand-Alone House In Chelsea For Sale For Staggering Sum
    Smallest stand-alone house in Chelsea for sale for 100% more than it was offered for in 2017; there’s barely room to swing a cat.

    Cut The Conspiracy Claptrap – Crazy Theories About The Deaths Of...

    Cut The Conspiracy Claptrap
    Matthew Steeples suggests that the crazy conspiracy claptrap that has followed in the wake of the death of Her Majesty The Queen and the ongoing nonsense that circulates online about Jeffrey Epstein is exactly that; crazy claptrap.

    ‘Comeback King’ Kevin Spacey – Actor Seeks To “Leave The Nonsense...

    ‘Comeback King’ Kevin Spacey – Actor Seeks To “Leave The Nonsense Behind”
    As Kevin Spacey’s eccentric ‘friend’ Geoffrey Mark claims the “exonerated” actor will now “leave the nonsense behind” and begin his comeback, we remind of his friendships with ‘curious sorts’ including Prince Andrew, Jeffrey Epstein, Ghislaine Maxwell and Harvey Weinstein.