Tesco’s sales grow by 9% during lockdown

Tesco’s sales grow by 9% during lockdown

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%,...
Online growth clicks up again as lockdown trends continue

Online growth clicks up again as lockdown trends continue

The latest grocery market share figures from Kantar show take-home sales from British supermarkets increased by 13.7% year on year in the 12 weeks to 14 June 2020, covering the full lockdown period.   Shorter term, the latest four-week ending numbers suggest that...
Tesco to sell its Polish store business

Tesco to sell its Polish store business

Tesco has announced the sale of its 301-store business in Poland to Salling Group A/S for a total of £181 million. The sale includes Tesco’s associated distribution centres and head office,  with total net proceeds expected to be approximately £165 million. Tesco says...