×
1 653
Fashion Jobs
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
COTY
Trade Marketing Manager
Permanent · London
CLAUDIE PIERLOT UK
Stock Contoller - Permanent - Selfirdges London
Permanent · LONDON
COTY
Senior PR & Influencer Marketing Manager
Permanent · London
COTY
Brand Manager
Permanent · London
TK MAXX
Loss Prevention Officer - Wembley - Full Time
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Leader
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Head of Atelier & Product Development – Couture – Canary Wharf
Permanent · LONDON
COTY
Account Manager - Fragrance
Permanent · Chester
DR. MARTENS
Finance Analyst - Hybrid Working
Permanent · LONDON
DR. MARTENS
UK/eu HR Operations Manager
Permanent · LONDON
DR. MARTENS
UK/eu Payroll Manager
Permanent · LONDON
AESOP
Replenishment Analyst
Permanent · London
ALL SAINTS
Buying Admin Assistant
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Kingston
Permanent · Kingston upon Thames
TK MAXX
Full Time / Permanent Loss Prevention Officer Boucher Road
Permanent · Belfast
TJX EUROPE
Merchandising And Buying Graduate Programme (2023)
Permanent · Grand Londres
AESOP
Retail Consultants | Aesop Canary Wharf, London (New Store Opening) | Part Time And Full Time
Permanent · London
By
Reuters
Published
Apr 5, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tesco sales decline slows

By
Reuters
Published
Apr 5, 2016

The sales decline at Tesco has slowed for the fourth month in a row, industry data showed on Tuesday, adding to evidence that Britain's biggest supermarket group is gradually recovering.

Sales, profit and asset values at Tesco have been hit by shifts in shopping habits and the rise of German discounters Aldi and Lidl.



Chief Executive Dave Lewis, who joined in September 2014, is trying to revive Tesco with a focus on lower prices, improvements to product availability and customer service, along with better relationships with suppliers. Tesco shares have increased by a quarter over the last year.

Tesco's sales fell just 0.2 percent in the 12 weeks to March 27, according to market researcher Kantar Worldpanel's monthly report.

"A small increase in shopper numbers suggests Tesco could return to growth in the next few months; welcome news after 12 months in decline," said Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel.

Partly affected by previously announced store closures, Tesco's market share fell by 0.3 percentage points to 28.1 percent.

Sainsbury's, the second largest player, continued to outperform its "big four" rivals with a sales increase of 1.2 percent.

Asda and Morrisons saw sales declines of 3.9 percent and 2.4 percent respectively, the latter reflecting Morrisons' store closures accounting for 5 percent of its trading space.

Lidl remained Britain's fastest growing supermarket with sales up 17.7 percent. Sales at bigger rival Aldi rose 14.4 percent, giving it a record-high market share of 6.0 percent.

Kantar Worldpanel said overall UK grocery sales increased 1.1 percent year-on-year -- the fastest growth in 12 months which partly reflected this year's early Easter holiday.

It said deflation was 1.5 percent, reflecting the impact of the discounters and the market's competitive response, as well as deflation in major categories such as butter, fresh sausages and crisps.


 

© Thomson Reuters 2023 All rights reserved.