First it ushered in Arcadia and Holland & Barrett partnerships – now Tesco has launched a shop-in-shop deal with electricals giant Dixons Carphone.
To the cynic, the grocer’s decision to pilot Currys PC World concessions in two of its Extra stores is merely a reaction to Sainsbury’s acquisition of Argos.
But Tesco has its own reasons for plugging into Dixons Carphone’s undoubted expertise.
The giant is saddled with excess space in its hypermarkets and has a chunky gap in its general merchandise proposition, having rowed back on its business in white goods and computers.
And Currys PC World’s services proposition will provide a further reason for shoppers to make their way to Tesco’s biggest stores.
Although it’s far too early to get carried away, it’s a move that has the potential to supercharge both businesses.
We also report on the latest grocery market share data from Kantar and Nielsen, while we also reveal how Store Twenty One has been given a stay of execution in its battle to secure vital investment.
Quote of the day
“Inflation is putting household budgets under pressure across Britain but our commitment is unchanged – we will always be significantly cheaper than our rivals and we will do all we can to protect our customers from the threat of rising prices.”
− Aldi UK boss Matthew Barnes is unwavering in his ambition to set the bar on food prices, despite the impact of inflation
Today in numbers
8,000
The approximate square footage of the Currys PC World concessions that will be launching in two Tesco Extra stores this summer.
£147.3m
The pre-tax losses that embattled fashion chain Store Twenty One has suffered over the course of its last 10 financial years.
Tomorrow’s agenda
There may be no formal updates tomorrow, but there will be no shortage of content on Retail Week. Check in tomorrow for in-depth interviews with Asos boss Nick Beighton and Morley’s managing director David Hordle, plus a look at the UK’s 30 biggest hotspots for value retailers.
Luke Tugby, head of content
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