Recent Tesco articles

Posted Oct 14, 2009

Like shoppers around the world, consumers across Asia Pacific have become focused on saving and reducing debt this year, and as a result, have become less inclined to spend on bigger ticket items and out-of-home-entertainment.

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Posted Sep 17, 2009

Top line growth of grocery sales in Britain remained slow at 4.5 percent for the twelve weeks ending September 5th compared to the same period a year ago. Unpredictable weather and fickle shoppers affected food trade, although the late bank holiday did spur sales growth of 7.9 percent on a year-to-year basis for the week ending August 29th, according to Nielsen’s monthly survey. Unit growth continued increased 2.8 percent in the last four weeks of the period.

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Posted Aug 19, 2009

After a month of strong growth, grocery sales in the UK took a step back in July, due largely to poor weather that dampened the traditional BBQ season.  Sales grew 4 percent in the four weeks ended August 8, 2009 compared to the same period a year ago, according to Nielsen’s monthly survey.  Unit growth was up 2.3 percent.
“The poor weather resulted in shoppers making fewer shopping trips this year.  But with grocers increasing promotional activity, with 33 percent of sales this month being on promotion, we expect monthly growth …

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Posted Jun 17, 2009

UK grocery sales grew 5.1 percent in the 12 week period ended May 16th, largely due to the record number of products on promotion according to new research from Nielsen.  Morrisons continued the solid performance it has been exhibiting over the last few months with sales growth of 7.9 percent over the same period a year ago, while Asda and Sainsbury also posted gains of 7.4 percent and 7.3 percent, respectively.
“With a record of 32 percent of all sales being goods on offer in the four weeks to May 2009, …

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Posted Apr 8, 2009

UK grocery sales grew at 2.7 percent in the first quarter of 2009 over the same period a year earlier, according to new research from Nielsen, with Morrisons leading the pack with 6.9 percent growth, followed closely by Asda with 6.7 percent and Sainsbury with 5 percent.  Tesco continued to lose market share, falling to 27.6 percent from 28 percent in the same period in 2008.  So what may be driving consumers to change where they shop?
“Shoppers are now well versed with money saving strategies, making the most of price …

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Posted Mar 5, 2009

As economic uncertainty continues to loom over most of the country, Americans are watching their money and shopping less. But while that fact might spell doom for the nation’s retailers, there are a number of opportunities available to those companies who are able to look at how consumers are changing their behavior and innovate in how they do business to leverage these changes.
“Big Players Think Small in Format Fights,” an article in Consumer Insight by Todd Hale, senior vice president, Consumer & Shopper Insights with Nielsen, outlines how the economy …

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Posted Dec 11, 2008

Sales in British supermarkets picked up during the last two weeks of November, as shoppers turned their backs on convenience stores and the high street retailers in favor of larger purchases at larger, value-oriented hypermarkets, Nielsen reported Tuesday. 
Year-over-year growth at hypermarkets reached 6% during the period, while the smallest convenience outlets declined by almost 2% during the 12-week period.
In comparison, year-over-year growth in the British grocery sector stood at 3.2% during the 12 weeks ending 29 November, according to Nielsen.  Grocery multiples showed stronger growth (+5.6%) during the period.
“In order …

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Posted Nov 12, 2008

Despite the tough economic climate, British value retailer Asda is thriving.
According to Nielsen, the chain increased its market share from 14.9% a year ago to 15.6% during the last quarter — the retailer’s highest ever market share, aside from the Christmas 2007 season.
Asda’s performance (8.7% sales growth) during the most recent 12-week period ending November 1, 2008 easily bested the rest of the British grocery market, Nielsen reported Tuesday.  The chain showed especially strong growth during October, when the global financial crisis reached a boiling point.

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Posted Oct 16, 2008

Growth (by value) of food sales at British supermarkets slowed to 5.4% during the 12 weeks ending October 4, compared with the same period in 2007, Nielsen reported Tuesday.
Flagging sales in September, when growth dipped to 4.5% — a full percentage point below August growth levels, drove the declines.
“Shoppers are still trading down,” Mike Watkins, senior manager, retailer services, Nielsen noted.  “Family shoppers in particular, are trying to save money, with 70% saying on they are looking to economize on grocery shopping — up from 63% in June.” 

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Posted Aug 19, 2008

Sales at UK grocery stores increased 5.8% year-over-year during the latest three-month period ending August 9, 2008, with food inflation continuing to drive the sector’s growth. 
Sales were strongest at large, out-of-town supermarkets, where 7% year-over-year growth was recorded.  In contrast, sales growth at large, centrally-located grocery stores slowed to just 1% year-over-year.
Food retailers who trade on value and price propositions also performed well.  Iceland saw 13% year-over-year sales growth, while Morrisons grew by 9.1% over the same three-month period last year. 
View the full press release.

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