TESCO, the UK’s top Supermarket chain, with an estimated 30% market share, has experienced a decline in non-food retail sales. By reducing prices, Tesco is expected to lure consumers from ASDA and SAINSBURY’S. The Evening Standard (June 10, 2008)
The UK’s biggest supermarket chain next month will begin testing the placement of carbon-count labels on its own-brand products so that consumers can compare the toll products take on the environment. Tesco ceo Sir Terry Leahy envisions consumers scrutinizing the amount of carbon released into the atmosphere by the making and distributing of products in the same [...]
Analysts don’t agree on by how much, but they concur that Tesco’s 59 Fresh & Easy locations are missing their weekly sales targets. Some analysts think stores are averaging $170,000, while others think the number could be as low as $60,000. Interestingly, evidence suggests Americans are confused by the new concept: part organic, part convenience and all served up [...]
Tesco had planned to add 27 new locations to the 15 already operating in the Pheonix area. Now, they have upped those plans to 37 additional locations in the area, which are in various stages of development, according to a Tesco spokesperson. East Valley Tribune (Arizona) (Mar. 5, 2008)
Amidst reports that sales at the new Fresh & Easy grocery stores are not meeting projections, UK-based retailer Tesco said that the rollout was proceeding apace. In a statement released yesterday, Tesco said, “What we are seeing is growing sales, growing customer numbers.” In another sign of Tesco’s commitment to the U.S. market, Chicago realtors report that [...]
Speaking with investors on a conference call, consultant Jim Prevor said that the 52 Fresh & Easy stores that have opened since November are averaging weekly sales volumes of $50,000 to $60,000, or about $5 a square foot. That’s a little more than one quarter of the sales volume Tesco had projected. Supermarket News (Feb. 21, 2008)
Like-for-like sales for the six-week period ending January 5 were up 3.1% in the retailer’s UK home market, below estimates. The performance disappointed London analysts, leading one Tesco exec to fault them for adopting a “Little Englander” attitude. Although the retailer’s home market accounts for 75% of its annual sales, international sales have been growing [...]
The company announced in London yesterday that it has completed the rollout of a sourcing system supplied by Eqos of Burlington, Mass., for its U.K.-based hardlines business, and that it will expand the system to other product categories and geographic locations in the future. Supermarket News (Jan. 9, 2008)
That’s according to a London-based food retailing analyst, who predicts up to 1,000 U.S. stores in five years and 2,500 stores in ten. The retailer currently operates 30 stores, and has 270 additional sites in its development pipeline. Supermarket News (Dec. 18, 2007)
With a 1.4 million square foot distribution center, all but complete, in Riverside, CA, and two stores planning to open in Riverside and San Bernardino Counties in the coming weeks, predictions of Tesco’s impending rise cannot be discounted. Analysts believe that if Tesco goes forward with its expansion plan, that includes 17 stores in 2008 [...]