Former Tesco bosses face fraud retrial over £250m accounting scandal

During the original trial at Southwark Crown Court, which began in September after months of delays, the court heard the three men were accused of pulling forward income not yet earned to inflate Tesco's bottom line.

Supermarket watchdog’s remit will not be extended

A report said submissions to the consultation brought up a number of issues for suppliers, including unfair contract terms, varying specifications, and late payments, but that there was “no clear evidence of systematic widespread market failures”.

‘We can only take so much abuse’: Whole Foods suppliers slam ‘hellacious’ new policies and say rising costs are hurting business

Whole Foods is changing the way it does business with suppliers, and some local and regional brands say it’s having a crippling impact on their business.

The grocery chain is charging brands more money for prime shelf space and in-store product demonstrations and taste tests while also requiring them to pay ongoing fees to third-party companies for food-safety audits and photographs of their products.

Amazon’s Changes to Whole Foods Mean Empty Shelves, Fewer Local Products

After Amazon bought Whole Foods last year, dozens of amateur theorists tried to guess what might happen next — but no one expected the nation’s top organic grocer to start sporting empty shelves.

A Decentralized Online Grocery Marketplace: How it Works for Consumers

We find the grocery retail ineffective. The market is monopolised by corporations and concentrated around mega-chains. Today, national and regional retailers are dominating the landscape and squeezing out competition. Their abuse of power extends beyond a reasonable level.

Retailers are squeezing already struggling CPG brands

Under intense competitive pressure themselves, retailers large and small are lowering prices to draw customers to their stores. And although back-and-forth negotiations between grocers and manufacturers over pricing is nothing new, sources agree retailers have gained the upper hand.

Big Food Faces Pressure From Retailers Demanding Discounts

America’s packaged-food companies are coming under pressure from retailers who are pushing big brands to lower their prices.

Walmart steps up pressure on supplier punctuality with fines

Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure. The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it — fined.

Supermarket suppliers underpaid 'millions of pounds' every year by UK's biggest retailers, says watchdog

Many retailers claim they only receive part of an order which allows them to reduce payment due to their suppliers, according to the Groceries Code Adjudicator

Supermarkets using 'shocking tactics' to extract money from suppliers

Industry giants have allegedly demanded a supplier pay £25,000 to attend a charity ball and doled out fines for bruised apples

Drapers Investigates: Is the supplier-retailer relationship at breaking point?

Retailers are reluctant to pass on rising cost pressures to consumers in the form of price rises, but suppliers say they are already working at the tightest possible margins. Drapers explores the impact this is having on relationships in the sector.

Asda is named worst supermarket in treatment of suppliers

About 12% of Asda’s suppliers said the Walmart-owned chain rarely or never complied with the Grocery Supply Code of Practice, which covers dealings by 10 retailers that sell over £1bn of groceries a year.

When it comes to retailer abuse of suppliers, Tesco is just the thin end of the wedge

Tactics used by Tesco to delay or reduce payments to suppliers in order to make its own financial performance look better are common practice in the retail sector.

Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag

Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores (WMT.N). Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week.

Wal-Mart's Suppliers Are Finally Fighting Back

After years of meeting demands for ever cheaper prices, many Wal-Mart Stores Inc. suppliers are saying no to new margin-squeezing storage fees and a payment schedule that could delay for months how quickly some are paid.

• are refusing to pay charges and want a better deal

• Wal-Mart says goal is to simplify supplier relationship

Tesco boss says ‘sorry’ to supermarket’s suppliers

esco’s chief executive has apologised to suppliers for the “unintended consequences” of chasing margins, which led to damaged supplier relations.

Tesco standardises supplier payment terms

Tesco has pledged to deliver a simpler business model for suppliers, by standardising its payment terms. The UK's largest retailer committed to no longer use a combination of complex and varied terms, but will instead introduce a new approach which will offer specific concessions that it says will help small and medium-sized businesses.

Accountancy watchdog to focus on suppliers after Tesco profits scandal

The Financial Reporting Council will make retailers’ relationships with their suppliers a priority due to ‘increasingly complex arrangements. The relationship between retailers and their suppliers is to be scrutinised in the wake of the Tesco accounting scandal – in which the group overstated last year’s expected first-half profits by about £250m.

2015 - A wakeup call for the Grocery Industry.

Tesco suppliers call in audit teams over accounting scandal

Some of the world’s biggest consumer goods groups have flown in audit teams to run the rule over their UK operations following the accounting scandal at Tesco. 

It is understood that companies including Unilever, Proctor & Gamble and Coca-Cola are checking their UK businesses on the back of Tesco uncovering a £263m shortfall in its profits.

Tesco, revenue recognition and supplier rebates

PwC said the recognition of commercial income as an area of focus “because of the judgment required in accounting for the commercial income deals and the risk of manipulation of these balances”.

The relationship between supermarkets and suppliers: What are the implications for consumers?

This report was produced with the financial assistance of the European Union. The contents of this document are the sole responsibility of Consumers International and can under no circumstances be regarded as reflecting the position of the European Union.