Sunday, April 18, 2021

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:

     

    5e3b97728b2e4bf58c9ff7822befe328?s=96&d=mm&r=g
    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

    Advertisement
    Advertisement

    Become a Patron of The Steeple Times

    Independent journalism will only remain independent if it is supported by clear-thinking people like you. We each have the command to make a real difference. Join us.

    2,588FansLike
    2,068FollowersFollow
    10,908FollowersFollow

    Subscribe For DAILY NEWS

    Please subscribe, like and share this very British site, it helps us grow. Your data is protected and The Steeple Times will send you an email at noon everyday that we rather trust you will enjoy.

    Advertisement

    Other Stories You May Enjoy

    Don’t Come On Carrie! The nation does NOT need Carrie Symonds – Matthew Steeples argues that Daniel Johnson’s “Come on, Carrie: your country needs you!” call to Boris Johnson’s wine chucking latest baby mama is nothing but claptrap.

    Don’t Come On Carrie!

    Matthew Steeples argues that Daniel Johnson’s “Come on Carrie: your country needs you!” call to Boris Johnson’s wine chucking latest baby mama is nothing but claptrap.
    Theresa’s in the Trough – Theresa May MP’s £1.2m in 2020 – 2021 – Matthew Steeples highlights that it is not just David Cameron who has been sticking his piggy fingers in the trough; Theresa May also ‘pocketed’ over £1.2 million in the last year alone.

    Theresa’s in the Trough

    Matthew Steeples highlights that it is not just David Cameron who has been sticking his piggy fingers in the trough; Theresa May also ‘pocketed’ over £1.2 million in the last year alone.
    The Spectre Shooting Brake – 1 of 1 Rolls-Royce Wraith shooting brake – 2015 Rolls-Royce Wraith converted to a shooting brake by automotive genius Niels van Roij for sale for 157% more than it originally cost – Bonhams at their ‘Les Grandes Marques à Monaco’ sale in Monte Carlo on 23rd April 2021 with an estimate of £320,000 to £480,000 ($440,000 to $660,000, €370,000 to €550,000 or درهم1.6 million to درهم2.4 million).

    The Spectre Shooting Brake

    2015 Rolls-Royce Wraith converted to a ‘Spectre’ shooting brake by automotive genius Niels van Roij for sale for 157% more than it originally cost.
    Courting Expletives 2021 – Emma Rivers v Jigsaw Homes Tameside – Extraordinary official civil judgment from the County Court at Manchester packed with expletives sums up the state of once Great Britain; one is simply left wondering if potty mouthed Emma Rivers was trained by the creosoted napkin slapper Dawn Ward.

    Courting Expletives

    Extraordinary official civil judgment from the County Court at Manchester packed with expletives sums up the state of the nation; one is simply left wondering if potty mouthed Emma Rivers was trained by the creosoted napkin slapper Dawn Ward.
    Beecher’s Muck – Far right Jay Beecher supports Ghislaine Maxwell – Ghislaine Maxwell’s latest supporter revealed to be Jay Beecher, a far right-wing political writer and ex-Ukipper with associations to the quite rightly banned-from-Facebook ‘Politicalite’

    Beecher’s Muck

    Ghislaine Maxwell’s latest supporter revealed to be Jay Beecher, a far right-wing political writer and ex-Ukipper with associations to the quite rightly banned-from-Facebook ‘Politicalite’
    Mucky Maxwell & Meddling Madeley – Ghislaine Maxwell apologist Richard Madeley exposed – EXCLUSIVE – Richard Madeley is an apologist for Ghislaine Maxwell suggests ‘The Steeple Times’ and his wife, of course, was an apologist for another sexual abuser, footballer Ched Evans.

    Mucky Maxwell & Meddling Madeley

    EXCLUSIVE – Meddling Richard Madeley is an apologist for Ghislaine Maxwell suggests ‘The Steeple Times’ whilst his wife, of course, was criticised for her views on sexual abusers in 2014.
    Heroine of the Hour 2021 – Irish jockey Rachael Blackmore – In becoming the first woman ever to win the Grand National, Rachael Blackmore has brought much needed joy to the racing world.

    Heroine of the Hour 2021 – Rachael Blackmore

    In becoming the first woman ever to win the Grand National, Rachael Blackmore has brought much needed joy to the racing world.
    Hero of the Hour 2021 – 86-year-old steeplejack Peter Harknett – That 86-year-old steeplejack Peter Harknett has just completed his final job climbing St Giles Church in Horsted Keynes is remarkable.

    Hero of the Hour 2021 – Peter Harknett

    That 86-year-old steeplejack Peter Harknett has just completed his final job climbing St Giles Church in Horsted Keynes is remarkable.
    Wicked Worldwide Webbed Ghislaine 2021 – Ghislaine Maxwell website – Ghislaine Maxwell’s family opted to “bury bad news” on the day Prince Philip died by launching a new website in support of the mucky madam; on it they share that the wicked wench is reading a book by peddler of piffle Boris Johnson and elsewhere follows Richard and Judy on Twitter.

    Wicked Worldwide Webbed Ghislaine

    Ghislaine Maxwell’s family opted to “bury bad news” on the day Prince Philip died by launching a new website in support of the mucky madam; on it they share that the wicked wench is reading a book by peddler of piffle Boris Johnson and elsewhere follows Richard and Judy on Twitter.
    Runners & Riders – The Grand National 2021 – ‘The Steeple Times’ examines the tipsters’ selections and offers 4 options for Saturday’s crowded Grand National 2021.

    Runners & Riders – The Grand National 2021

    ‘The Steeple Times’ examines the tipsters’ selections and offers 4 options for Saturday’s crowded Grand National 2021.

    Popular Articles From The Past

    Weather

    London
    broken clouds
    7.9 ° C
    9.4 °
    6.7 °
    65 %
    1kmh
    61 %
    Sun
    13 °
    Mon
    16 °
    Tue
    15 °
    Wed
    12 °
    Thu
    13 °