Dec 18, 2020 | News, Retailing
Tesco has confirmed that it has completed the sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited (CPRD). The supermarket had agreed the sale back in March for $10.6 billion in order to “further de-risk the Tesco business” by...
Oct 7, 2020 | News, Retailing
Tesco has seen its pre-tax profits for the first half of the year increase by more than a quarter, thanks to consumers buying more food during the Covid-19 pandemic and online orders doubling. Profits for the supermarket grew to £551 million in the 26-week period to...
Sep 15, 2020 | Coronavirus, News, Retailing
Shoppers spent £155 million less in supermarkets in August as the ‘Eat Out to Help Out’ scheme launched and people returned to pre-Covid routines, according to the latest grocery market share figures from Kantar. The latest figures show take-home grocery sales rose by...
Aug 26, 2020 | News, Retailing
Supermarket Tesco has announced that it will create 16,000 new permanent roles to support the growth of its online business. The new roles are in addition to the 4,000 permanent jobs already created since the start of the Covid-19 pandemic. The jobs will include...
Jun 26, 2020 | Coronavirus, News, Retailing
Supermarket Tesco’s sales rose by 9.2% in the first quarter of 2020 as shoppers bought more food during fewer trips throughout the coronavirus pandemic. Group like for like sales for the retailer grew 8.2% to £13.4bn, with the amount being bought also up by 64%,...
