Tesco news

17 January 2020
The Polish grocery market looks like having a healthy year to come for shoppers. This is likely to come at the expense of retailers in the country, who will have to face up to on-going challenges. Some retailers, like Tesco, continue to struggle to halt their declining sales, while Biedronka and Lidl outgrow the competition and gain further share in the market. These developments are occurring...
16 January 2020
Tesco’s partnership with Shopee Malaysia will help the retailer reach shoppers in Sabah and Sarawak, where it does not have a presence. Chinese New Year campaign Tesco will be driving Chinese New Year sales through Shopee Malaysia in a three-day campaign from 13th January to 15th January. Paul Ritchie, CEO of Tesco Malaysia said in a statement, “we know that festive celebrations can be taxi...
15 January 2020
Despite growth slowing in the lead up to Christmas, sales in the Irish grocery market reached over €1bn in December for the first time on record, according to Kantar. Overall market sales growth was 1.5% in the 12 weeks to December 29th. Discounters lead the way Aldi was the strongest performer of the festive season, with sales +6.3%. Lidl reached its highest ever market share in the period...
14 January 2020
We spent a day in Melaka to understand how the key retailers drive sales in the lead up to Chinese New Year. The popular Jonker Street night market, located in Chinatown, was packed with locals and tourists. To drum up the spirit of Chinese New Year, the street was lit with red lanterns and the God of Fortune gave out lucky red envelopes to everyone. Source: IGD Research   AEON Band...
09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
16 December 2019
Morrisons is the last of the major UK retailers to launch its Christmas ad.  Iceland For Iceland's Christmas 2019 campaign 'The Magic of Frozen', the retailer has partnered with Disney's Frozen, ahead of the release of Frozen 2 at the end of November. The ad uses several characters from the Disney film, with each sharing their favourite part of Christmas. The retailer returns back to ...
12 December 2019
Tesco has partnered with WWF to develop the Sustainable Basket Metric; new data to help consumers and stakeholders understand the environmental impact of food.   How the Sustainable Basket Metric works What’s included? A sample of 20 of the most regularly purchased food products, including household staples such as bread, milk, meat, fish, and fruit and vegetables. In addition, a wide ran...
10 December 2019
In the 12 weeks to 1st December growth halved from the previous 12 weeks to November 3rd, to 0.5%. Consumers on average made one fewer visit to the shops over the past three months than this time last year. Challenging environment persists Shoppers have been delaying spending in the lead up to the festive season, with a wet November and the uncertainty that comes with the looming election d...
09 December 2019
In a surprise development, Tesco has announced that it has put its businesses in Thailand and Malaysia into a strategic review, a move that could that result in their sale to another retailer or to private equity. Early stage of evaluation Tesco said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malays...
13 November 2019
Tesco convenience subsidiary, One Stop, has opened its 200th franchised outlet at Witham in Essex.  Having launched the franchise package at the beginning of 2015, the rate of retailer recruitment, intially much quicker, has slowed to a steadier pace; with an incremental 30 franchise stores expected to be added over the current full financial year, ending February 2020. Franchise now the key g...