With Sainsbury's overtaking Asda as U.K.'s second biggest retailer, there's been mixed news for the supermarket sector. Bruno Monteyne, senior analyst in European food retail, at Sanford C. Bernstein discusses the current state of U.K. supermarkets.» Read More
The recent scandals at Tesco do not reflect the overall business, and now we are seeing Tesco pick itself back up, says Bruno Monteyne, senior analyst of European food retail at Sanford Bernstein.
After last year's reputation hit, Tesco is focusing on improving customers' shopping experience and affordability, says Bryan Roberts, retail insights director at Kantar Retail.
Rahul Sharma, managing director at Neev Capital, says the slight improvement in Tesco's results might not be a trend. The supermarket reported that like-for-like sales, excluding fuel, fell 2.9 percent in the last 19 weeks.
Sainsburys sales at Christmas did better than expected despite the bad press U.K. supermarkets have received recently. Richard Hunter, head of UK equities at Hargreaves Lansdown discusses the future landscape of UK supermarkets.
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CNBC's Seema Mody has an update on the accounting scandal within the UK's biggest grocery chain.
European shares closed sharply lower on Tuesday as a slide in the oil price and Chinese and U.S. equities weighed on investor sentiment.
Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.
Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).
Retailers including Best Buy and Cabela's experienced major glitches over the Black Friday shopping period.
Internet sales were up 20.6 percent on Black Friday compared to 2013, making it "the biggest shopping day in U.S. history," Custora said Saturday.
Best Buy's website was down on Friday morning, during one of the busiest shopping days of the year, and again in the evening.
Noel Tagoe, executive director at the Chartered Institute of Management Accountants (CIMA), says what happened at Tesco was an "easy" mistake, as it used historical data to overestimate volumes, which had been falling.
CEO of Kingfisher says Tesco is still a very important company for the UK and it can be turned around.
Stephen Springham, senior retail analyst at Planet Retail, says new Tesco CEO Dave Lewis has a "massive task ahead of him" to turn around the struggling U.K. supermarket.
Tesco reported pre-tax profit fell by 91.9 percent to £112 million in the first half of 2014, as it confirmed that previously profits had been overstated by £263 million, more than the £250 million originally estimated.
Matthew Stych, Research Director, Asia Pacific at Planet Retail, outlines his expectations for the earnings and explains why CEO Dave Lewis may more time to come up with a turnaround plan.
Jessica Ground, U.K. equities fund manager at Schroders, says Tesco still has a large market share and the stock has fallen to prices at which it is an attractive buy.
Even Warren Buffett can make mistakes. The 'Oracle of Omaha' told CNBC on Thursday that he made a big one by investing in British supermarket chain Tesco.