Boosting Online Delivery and Store Replenishment
- Tesco plans to hire over 11,000 temporary staff for festive period
- Focus on online delivery and store replenishment roles
- Rachel Bushby, Tesco’s people director, invites previous workers to apply
- Profits increased by 28.7% in first half of financial year
- Group sales up by 6.6% to £26.7bn
- Clothing sales down 17.2%, food sales up 9.2%
- Online orders doubled during the period
- Costs increased by £533m due to pandemic response
Tesco is hiring over 11,000 temporary staff for its stores during the festive season, focusing on online delivery and store replenishment roles. The supermarket chain reported a 28.7% increase in pre-tax profits to £551m and a 6.6% rise in group sales to £26.7bn despite the financial impact of Covid-19. Clothing sales dropped by 17.2%, while food sales increased by 9.2%. Online orders doubled during this period. Tesco’s people director, Rachel Bushby, encourages previous workers to apply.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Tesco’s plans to hire more than 11,000 temporary staff during the festive period, the reasons behind it (increased online orders and store replenishment), and mentions the increase in profits and sales. It also includes a quote from Tesco’s people director. However, there is some slight exaggeration in describing the profit surge as ‘soaring’, which could be seen as sensationalism.
Noise Level: 4
Noise Justification: The article provides relevant information about Tesco’s hiring plans for the festive period and its financial performance during the Covid-19 pandemic. It also mentions specific sales figures and the impact of the pandemic on costs. However, it could provide more analysis or context on how these changes align with broader trends in retail and e-commerce.
Financial Relevance: Yes
Financial Markets Impacted: Tesco’s stock price may be impacted by its financial performance and hiring decisions.
Financial Rating Justification: The article discusses Tesco’s financial performance, profit increase, and its decision to hire temporary staff for the festive period. This information is relevant to investors and can potentially affect the company’s stock price in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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