What a clog!

Julia Finch reports in today's Guardian of yesterday's drop in share prices at Tesco being largely the consequence of a little too much information provided in Simon Uwins' 'Fresh & Easy' blog. According to Finch, traders blamed yesterday's drop in share price by 11.25p on Uwins' blog post of 26 March, Pausing for Breath at Fresh & Easy. Tricky one from a communications point of view. Uwins is suggesting in his post that the reason they are slowing down the new openings of new stores (or 'taking a break') is to allow them time to listen to customer feedback and respond or make the relevant changes. Good PR practice on the one hand. In fact, excellent PR practice following the correct 2-way communications, feedback, revision, rollout cycle. Perhaps not such good PR practice from a business point of view though if his post genuinely did assist in the fall of the share price. What a lovely case study for a PR student somewhere to take a look at! Hint: there might be something slightly amiss at stage 3 of Cutlip, Center and Brooms' PR planning cycle in this case study.