Tesco has reported a 3.3% increase in group sales, with sales in UK stores up 2.2% on a like-for-like basis at the interim stage. Group operating profit rose 27.3% to £759m and the profit margin increased to 2.7% from 2.2% in 2016/17.
Tesco’s efforts to reinvigorate its vast grocery estate in the UK have once again paid off with several financial indicators improving over the first quarter of the 2017/18 trading period, according to Ray Gaul, VP retail insights Kantar Retail. UK like-for-like sales
Tesco Plc’s management, investors, and employees will have many reasons to celebrate after unveiling 2016/17 results, which have shown a full return to profitability and, more importantly, shopper satisfaction, according to Ray Gaul, VP retail insights Kantar Retail. "Tesco can be
Tesco Booker merger is intelligent combination of unique, large-scale, highly capable businesses, says Kantar Retail
Tesco's merger with Booker is an intelligent combination of unique, large-scale, highly capable businesses, say Ray Gaul, vice president of research and analytics and Simon Johnstone, senior analyst
Key retailers, led by Marks & Spencer, Tesco, Primark, and Debenhams, revealed better-than-expected trading results for the period ended 31 December to 7 of January 2017. This caps of a week of fantastic results announcements for British retailers and demonstrates
Tesco continues to face strong headwinds as competitors ramp up their capabilities, says Kantar Retail
Tesco will continue to face strong headwinds as competitors ramp up their capabilities, according to Himanshu Pal, vice president at Kantar Retail. Pal cited Sainsbury's acquisition and subsequent integration of Argos and Morrisons' partnerships with Amazon and Ocado as potential threats,
Shock has arrived on the back of the UK’s historic vote to leave the European Union and Prime Minister David Cameron’s decision to resign. This shock has resulted in a “Black Friday” effect in financial markets with the price of
Tesco has returned to the black, reporting pre-tax profits of £162m for the year to 27 February 2016 and a 0.9% increase in like-for-like sales in the fourth quarter, the first positive sales growth in three years.
Morrisons posts encouraging Christmas performance and has opportunity to win back shoppers, researchers claim
Morrisons has reported a 0.2% increase in like-for-like sales (excluding fuel) for the nine weeks to 3 January 2016, encouraging researchers and paving the way for the further differentiation from its main rivals to win back shoppers.
Tesco has posted a 55% fall in half year profits but analysts also suggest the latest numbers indicate further signs of stabilisation at its UK business. Tesco made £354m in operating profits for the first six months of the year, compared
Inaugural UK PoweRanking study sees Asda ranked as the ‘best of the best’ retailer and faith being restored in Tesco
Despite its recent dip in trading, 51% of UK manufacturers ranked Asda as the overall top retailer, based on key criteria such as clearest strategy and best buying team, in the 2015 UK PoweRanking study launched by the retail and
Morrisons reports 2.9% like-for-like sales fall, as discounters and premium players take market share
Morrisons has reported a 2.9% fall in like-for-like sales for the three months to 3 May 2015, as discount retailers and premium players continue to take share from the UK’s fourth largest supermarket. Himanshu Pal, director retail Insights, Kantar Retail said Morrisons’
Tesco has reported a £6.4bn loss in the year to end February 2015 after announcing a massive write-down in the value of its stores. But leading retail analysts suggest the update is a reflection of the tough trading environment facing Tesco around
Selective technology, creative click and collect, and rethinking stores are priorities for next year, Kantar Retail and law firm report
UK retailers must focus on seven key pillars for success in 2015 – as outlined in a new report, ‘Winning the Retail Battle in 2015’, released this week by retail insight specialist Kantar Retail and global law firm Squire Patton Boggs.
Tesco has reported a 2.9% decrease in like-for-like UK sales (excluding fuel) for the 19 weeks to 3 January 2015, compared to a decline of 5.4% in the second quarter. Over the key six-week Christmas trading period like-for-like sales declined
Morrisons has reported a near 30% fall in half year profits and a decline in like-for-like sales. Pre-tax profits for the six months to 3 August 2014 fell to £239m from £344m a year earlier. Like-for-like sales, excluding fuel, fell
Marks & Spencer’s first quarter performances in food and general merchandise show it continues to be a tale of two contrasting businesses in the UK, according to Kantar Retail. While like-for-like food sales increased by 1.7% in the 13 weeks
Sainsbury’s has reported a second consecutive quarter of falling sales. Like-for-like sales, excluding fuel, in the 12 weeks to 7 June 2014 were 1.1% lower compared with a year earlier. Sainsbury’s reported its first fall in sales for nine years in
Tesco, Morrisons and Marks & Spencer have all reported a decline in UK like-for-like sales over the key Christmas trading period. Tesco reported a 2.4% decline in like-for-like sales in the UK for the six weeks to 4 January 2014.
Wal-Mart continues to be seen as the top retailer in the United States and China by manufacturing trading partners in both countries, according to Kantar Retail’s latest PoweRanking. However, pure-play online retailers are starting to make their presence felt in both
At a time when the government is predicting what will save the Great British high street, Groupon and retail analysts, Kantar Retail, have released The Future of the Great British High Street: Voice of the Consumer report voicing what British
Group sales at Carrefour are expected to decline over the next five years and the retailer should divest its international portfolio if it is to remain a top three European retailer, according to analysts at Kantar Retail. Carrefour’s future in markets
Tesco must deliver an improved performance in all markets, not just the UK, if it is to maintain its position as the second largest retailer in Europe by 2018, according to new research by Kantar Retail. Its retail analysts advise
Shoppers are no longer loyal to their favourite retailers and will ditch them in favour of low prices and high convenience from a multi-channel partner, according to new retail survey by Squire Sanders, Kantar Retail and the Retail Trust. Nearly
Digital technology tears down the walls of the store – and the winners of future retail will be the ones who do one of the following things well: They will reinvent convenience They will redefine loyalty They will re-imagine experience