UK: Tesco is growing thanks to fresh segment
In the week before Christmas, Tesco processed 58 million transactions and 770 000 online orders. This British supermarket chain can look back with satisfaction; not only on these last weeks of the year but also over the book year's third quarter, where they also reported positive figures.
In the 19 weeks prior to 6 January 2018, Tesco's saw a 2.3% comparable increase in sales in the United Kingdom and Ireland. In the UK, this increase was mostly in the fresh segment. In Ireland, the highest growth figure in five years was reported, namely 3.3%. The Central European market is also showing a continually upward trend, although its growth figures were lower than those in the chain's home market. The results in Asia were strongly influenced by the sale of non-profitable Thai segments. As a result, the whole area's turnover showed negative figures.
The Christmas week is traditionally a good week for supermarkets. In the UK turnover rose by 1,9% on a comparable basis. This is thanks in large part to the 3,4% increase in the food category. Within this category, the fresh segment reported an increase of 3,7%. The growth figures were slowed somewhat by factors such as lower tobacco sales. Although the Extra hypermarkets and Express convenience stores reported good growth figures, from 1,8% and 2,3%, the most significant climber was the online facility, which reported a 5% increase.
"We performed better than the market in this period," says CEO, Dave Lewis. "Especially in the fresh segment, thanks to the most competitive offers in years." Click here to see the results
Publication date: 1/15/2018
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