CCR Magazine

You are here  :Home arrow News arrow Forum welcomes Tesco a point
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Forum welcomes Tesco a point PDF Print E-mail
Thursday, 14 April 2016
The Forum of Private Business, arguably one of Tesco's toughest critics, today welcomed the news that the supermarket has returned to profit, taking at face value their explanation that improved profitability is based on robust leadership and good business practices.  

The Forum will be writing to the Chief Executive of Tesco, Dave Lewis, to see if they can discuss supplier terms and potentially remove them from the Forum's Hall of Shame.

Ian Cass, CEO of the Forum responded, "It’s good to see Tesco’s turning round the poor results of last year, they seem to have done this through vigorous cost cutting, getting rid of less profitable stores, some aggressive marketing and cost cutting.

"As a big player their health is good news for many of the small suppliers who provide them with products and services, as long as they treat these small suppliers as a partner, then the Forum welcomes this news. "

"My only concern would be if Tesco’s return to profitability is achieved at the expense of many of these small suppliers, through less ethical and unscrupulous behaviour, using their powerful position to their own commercial advantage, something we have had to highlight in our “Hall of shame” in the past."

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197