Tesco news

With online, convenience and discount becoming ever more popular channels for shoppers, we explore how retailers are working to boost sales through large format stores.  In the year to April 2013, we expect sales through large format stores (25,000 sq ft and over) to grow by 0.7%, far below the 2.9% for the grocery market as a whole. Shoppers increasingly turning to alternative channels and the ...

The latest retailer share data from Kantar Worldpanel, for the 12 weeks to 20 January 2013, shows the market trend marginally up on the previous period, with grocery retail showing growth of 3.3%.  Meantime inflation has continued to nudge upwards; Kantar indicates this reached 4.9% in this latest period against 4.5% in the December figures. 12 weeks to 22 January 2012 (% share) 1...

Tesco has appointed George Fischer as its new CEO in Malaysia.  Tesco welcomes George Fischer as its new CEO in Malaysia, from his previous roles as chairman of the management board at Lidl Belgium. The new appointment will be effective this month. Fischer replaces former Malaysia CEO SungHwan Do, who will move from the post to an international bridging programme under Tesco. Malaysia's g...

Following the recent flurry of results from international retailers, we summarise the performances of Carrefour, Tesco, Walmart, Metro and Auchan in the Chinese market. Carrefour - new store openings fuelling growth In the fourth quarter, Carrefour saw sales in China  grow at 0.7% (at constant exchange rate). The addition of new stores offsets negative like-for-like sales of -3.1%. How...

Last week we were given the opportunity of a guided tour around Tesco’s new Extra store in Woolwich, South East London. The store displays many of the impressive initiatives that the retailer has introduced to its business since implementing its £1bn investment plan in the UK last April, but also showcases some new areas of thinking, which we are likely to see develop further in 2013. Ext...

Tesco has launched its latest dotcom only warehouse store in Crawley, as it continues to build home delivery capacity through this format. A growing network delivering improved service The new dark store opened for trade on 21 January adds to those already operational in Aylesford (near Maidstone), Croydon, Edmonton and Greenford. Tesco continues to build its network of dark store wareho...

New market data from Nielsen confirms solid Christmas trading in the UK and highlights advertising expenditure as a key driver of performance. Solid Christmas trading According to the new data, year-on-year value growth for the sector was 3.7% for the four weeks ending 5 January, a marked pick-up on the 1.3% growth recorded for the previous four period. The best performers for the period were ...

With all major retailers now having reported, what have we learned about the state of the grocery market in 2012? Discounters triumph Discounters were the clear winners delivering their best ever Christmas performance. Key to their success were investments in premium, fresh and festive ranges which gave them new relevance to Christmas shoppers.  Aldi in particular stood out, with sales ...

Established and new retailers in the market including Big C, Tesco Lotus and Berli Jucker Plc are placing increasing prominence on the role of digital operations in their strategies. Big C announces strong full year results Casino's subsidiary in Thailand , Big C, has announced strong full year results. Sales have grown 9.3%, reaching THB 112.1bn. Solid 5.3% growth in same store sales a...

Kantar has issued a special six-week Christmas release of its Worldpanel market share data.  Offering specific detail on relative performances in the grocery sector in the key festive trading period, this provides a useful counterpoint to corporate statements.  The figures issued for the period to 6th January 2013 shows market growth accelerated  modestly to 3.8%, though the fortunes of retailers...