These are external links and will open in a new window Close share panel Image copyright Getty Images Tesco "knowingly delayed paying money to suppliers in order to improve its own financial position", the supermarket ombudsman has found. The Grocery Code Adjudicator, Christine Tacon, said the supermarket seriously breached the industry's code of conduct to protect grocery suppliers. She found extensive evidence that Tesco had acted unreasonably when delaying payments to suppliers.
These are external links and will open in a new window Close share panel Image caption Tesco chief executive Dave Lewis highlights the burden of business rates on retailers The boss of Britain's biggest supermarket has blamed the collapse of some retailers partly on the expense of business rates.
Dave Lewis, Tesco chief executive, said the charges that firms must pay on their buildings played a "large part" in sending some retailers to the wall.
Last year a revamp of business rates saw some bills rise, while others fell. He questioned whether raising business rates was resulting in an "uneven playing field" for some firms. Media playback is unsupported on your device Media caption'Toxic cocktail' forcing shop closures Mr Lewis also took ministers to task for ignoring retail - as well as the food industry - in the government's industrial strategy.
His plea for action on business rates echoes comments made last year by Mike Coupechief executive of rival supermarket Sainsbury's.
He called for "fundamental reforms" to the "archaic" business rates system, which ignored the rise of online retailers based in out-of-town warehouses. Sainsbury's recently announced plans to merge with Asda in a deal that would create the UK's biggest supermarket operator, eclipsing Tesco.
Despite the hefty charges faced by retailers with large numbers of physical stores, Mr Lewis says shops are "definitely here to stay". He conceded that Tesco has more retail space than it needs, prompting it to try ideas like bringing in other brands such as Holland and Barratt to offer customers something different.
Image copyright Reuters Image caption Customers enter the Amazon store by scanning an app on their smartphone Too much space is just one problem supermarkets are grappling with: It now owns the upmarket US grocery chain Whole Foods and earlier this year opened a supermarket with no checkouts in Seattle as a testbed.
Doug Gurr, Amazon's UK boss, said most retailers now have a mix of online and physical store sales. Retailers that want to give customers what they want will have a "blend of the two", he added. Mr Gurr highlights an Amazon seller who has run a record store in Stirling for more than 25 years. Now more than three quarters of his sales are online to customers around the world.
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At IGD's Tesco Business Update on 23 May, understand Tesco’s key priorities and what they mean for your business. Hear from Dave Lewis, Group CEO, Jason Tarry, Chief Product Officer, and Alessandra Bellini, Chief Customer Officer, along with their leadership team who will provide a business and commercial update.
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