Tesco’s reintroduction of the dividend is the latest in a series of milestones that confirms not only momentum, but pace in the retailer’s recovery efforts. Kantar data shows Tesco is growing its market share again and today we see all major financial indicators in positive ground.
At the heart of Tesco’s turnaround is cultural change which spans from the boardroom to the shop floor and through into supplier relationships. Walk into a Tesco store and it feels like a confident business – whether you’re looking at the pipeline of NPD, keener pricing or, most importantly perhaps, the colleagues who have the spring back in their steps. There is still much to do, but crucially Tesco’s customer experience is improving and its turnaround strategy is paying dividends- both metaphorically and literally.