Feeds

Tesco will not spin-off its ISP

Will use it to keep people shopping - every little helps

  • alert
  • submit to reddit

The essential guide to IT transformation

Giant grocer Tesco has no plans to spin-off its Internet business -- well, not yet anyway -- despite yesterday's announcement that Dixons was planning to sell-off Freeserve. It also made it clear that the subscription-free TescoNet ISP service launched at the end of January will be an integral part of the supermarket's future ecommerce strategy. Announcing Tesco's results for last year, financial director, Andrew Higginson, said that the company had no immediate plans to float TescoNet. He did add that the company would watch the market "with interest". "We don't see it as a separate business at this stage," he said. "We see it very much as a route in to our home delivery operation, primarily as something to use within our own business rather than as a stand-alone operation." With its stall clearly laid out and its strategy as clear the Scottish mineral water it sells in aisle 12, Tesco also announced it will start to roll-out its home shopping trial TescoDirect across the country in the next few months. By the end of the year it expects to have more than 100 stores up and down the country delivering groceries to customers who originally placed their orders via the Internet. Tesco also used the occasion to publish the first official figures for the service. Although no financial breakdown was available it confirmed it now had 200,000 registered users of its service and that this number was growing by around 10,000 a week. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?