Tesco news

Tesco has confirmed that it will exit the United States and announced that it will dispose of many unwanted development sites in the UK in order to target investment in areas of the business that offer the best returns. The statements come as the retailer revealed a slowdown in group sales growth to 1.3% to £72.4bn and a 13% fall in group trading profits to £3.5bn for the 52 weeks ended 23 Februa...

Following the release of Tesco's 2012/13 results, we outline five areas of focus for the retailer in the year ahead. Progress in UK, but more to be done While Tesco's LFL sales trend in the UK has been modest over the last year, it would be unreasonable to expect the many elements of the building a better Tesco plan to all have an immediate impact in such a challenging market. Nonethele...

Figures released by Nielsen show that UK grocery retail sales grew by 6.2% in the four weeks to 30 March 2013, with volumes up 2.5% year-on-year.  With Easter falling a week later in April in 2012, March got the full benefit of a 41% rise in confectionery sales and a 12% rise in BWS sales, as consumers celebrated the holiday weekend. Sainsbury's well ahead of major rivals Sainsbury's gain...

The latest news from leading players Tesco Lotus, Big C and Central Food Retail Corporation in this booming Asian market. Casino accelerates the pace of store openings The Bangkok Post reports Casino's plans to increase investment in the market to THB8 bn (US$272.2 million) in 2013, funding more than 200 new openings, to be supported by an additional two new distribution centres. At pres...

A pick-up in market growth, outperformance from Superquinn and a continuing strong showing by Aldi are key features of the latest market share data from Kantar Worldpanel for Ireland, for the 12 weeks to 17 March 2013.   12 weeks to 18 March 2012 (% share) 12 weeks to 17 March 2013 (% share) Sales growth (Y-o-Y %) Tesco 28.2 27.5 -1.3 Dunnes 22.6 22....

Convenience chain One Stop, a wholly owned subsidiary of Tesco, is to begin trialling a franchise model with independent retailers. Benefit from the One Stop brand The franchise model will allow independent retailers to continue to run their own businesses whilst also benefiting from One Stop's brand, experience in  convenience and the added support and investment One Stop can offer. It is...

In the first of this year's regular updates on the world's top retailers, we look at recent developments at Carrefour, Tesco, Metro and Walmart. We see how online and digital strategies are becoming more important, and how they are adapting to changing conditions in various markets around the world. Carrefour embarking on second phase of plan to deliver better profits Carrefour rev...

According to the latest retailer share data from Kantar Worldpanel, for the 12 weeks to 17 March 2013, growth in the UK grocery retail market has continued to pick up, with sales ahead 3.9% (vs 3.7% in the previous period).  The Kantar measure of inflation is still above the market on 4.2%, but this has fallen, indicating the rate of volume decline has slowed.   12 weeks t...

As the quarter draws to a close, we summarise the key changes to senior management teams of the major players. Asda: McKenna move triggers major reshuffle The year began with the announcement that Judith McKenna was to vacate her position as COO to take up a new role as executive vice president, strategy and international development at Walmart International. Her promotion resulted ...

Tesco demonstrates its commitment to digital retailing through the introduction of its second online shopping platform in Asia. The launch in Malaysia comes weeks ahead of Thailand, whilst the launch in China is expected in the summer. Expanding online grocery services in Asia Speaking at the World Retail Conference in Singapore Tesco CEO Philip Clarke spoke about how digital is intrinsi...