For a new store development grocery retailer Tesco plans to rent 30 ‘allotments’ for part time gardeners to locals in Lancashire in the UK. In tandem with an interest in grow-your-own-food PSFK has noticed around the world, there has been a recent boom in interest in allotments in the UK (see our interview with an allotment ‘owner’ here). The store will also sell starter kits to the renters, the Daily Telegraph reports.
Read more...July 27, 2009
April 22, 2009
Brit Grocer To Become Major Banking Player
While British retailer Tesco has been offering financial products for several years now, the Financial Times believes that the grocer is about to become a serious threat to UK banks. With 6m bank accounts and £4.5bn in deposit accounts the paper believes that they can easily leverage the public’s distrust of established financial institutions and launch into checking accounts and home loans:
Tesco declared its ambitions to become the “people’s bank” yesterday, capitalising on public disillusionment with traditional lenders to launch an aggressive expansion into financial services.
…Tesco is planning to open 30 bank branches in its stores this year and to [...]
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