Friday, 19 January, 2018

Fresh food drives record Christmas at Tesco

Tesco is festive winner reporting record Christmas sales Tesco share price tumbles even as grocer posts upbeat festive sales
Elsie Buchanan | 12 January, 2018, 00:38

At home, the supermarket's 1.9-percent LFL sales growth was driven by 3.4-percent growth in food, offset by downbeat performance at the company's general merchandise division and lost tobacco sales due to Palmer & Harvey's integration.

"Our trading momentum accelerated across the third quarter and into December, with the four weeks leading up to Christmas Day delivering record sales and volumes in the United Kingdom", he added.

Marks & Spencer shares fell sharply after the retailer blamed a warm October for faltering clothing sales and suffered its fourth consecutive slide in food sales as shoppers hunted for cheaper options.

"As a result, full-year guidance remains unchanged", said Chief Executive Steve Rowe.

According to its latest trading update, third quarter like-for-like sales in the United Kingdom grew by 2.3 per cent - representing Tesco's eighth consecutive quarter of growth - and total sales grew 2.5 per cent.

Tesco recorded 58 million customer transactions and 770,000 online grocery deliveries in the key Christmas week, according to a trading update from the company. In the United Kingdom total sales were up 1.1% to £2.858bn, but on a like-for-like basis - in stores open a year or more where comparable figures can be taken - United Kingdom sales were down 1.4%.

MoneyGram to Pilot Ripple's XRP Token for International Payments
Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. Ripple's transaction fees still remain fractions of a penny, while Bitcoin fees are approximately $30 per transaction.


Sales of Tesco's exclusive fresh food brands, core Tesco range and Tesco Finest products all grew by more than four per cent in the six-week Christmas period, and as in previous years, the supermarket's seasonal offer included a "Festive 5" vegetable deal.

Tesco did take a hit from lost tobacco sales after wholesaler Palmer & Harvey collapsed in November.

"Sales in clothing and home actually fell by the biggest margin, but in a market which is shrinking, that's more a reflection of wider economic trends", he said.

Tesco's update is the latest from the so called Big Four supermarkets, which also includes Sainsbury's, Asda and Morrisons.

Shore Capital analyst Clive Black says tobacco sales took 0.5% off United Kingdom and Ireland like-for-like sales over six weeks.

Recommended

  • New Black Panther Featurette Focuses on T'Challa's Responsibilities

    New Black Panther Featurette Focuses on T'Challa's Responsibilities

    Civil War cashed in $179 million during its opening weekend two summers back. Ross, Andy Serkis as Ulysses Klaue, and Forest Whitaker as Zuri.
    Huma Abedin, Anthony Weiner Halt Divorce Proceedings, Plan to Settle in Private

    Huma Abedin, Anthony Weiner Halt Divorce Proceedings, Plan to Settle in Private

    But in August 2016, the New York Post posted photos and screenshots of communications between Weiner and another woman in 2015. One of the infamous images was of Weiner lying in his underwear next to his son, sporting an obvious erection.
    Calvin Ridley will forgo his senior year, enter 2018 NFL Draft

    Calvin Ridley will forgo his senior year, enter 2018 NFL Draft

    Ridley, who had 63 receptions for 967 yards and five touchdowns this season, later confirmed his future plans via social media. He could even be a top 10 caliber pick, possessing speed, great hands and excellent route-running ability.
  • Video! Harvey Weinstein Attacked at Restaurant

    Video! Harvey Weinstein Attacked at Restaurant

    Reps for Weinstein told Page Six that Weinstein "is still OK and in good spirits" and that no police report was filed. Weinstein politely declined, and continued his meal.
    Sainsbury's enjoys Christmas sales boost

    Sainsbury's enjoys Christmas sales boost

    It expects to achieve £80-85m of EBITDA synergies from the Argos acquisition by March 2018 - ahead of the expected £65m. Sainsbury's did not break down the separate like-for-like sales performances of its supermarket and Argos businesses.
    Storm expected to bring heavy rain and snow to Northern California

    Storm expected to bring heavy rain and snow to Northern California

    Temperatures will plummet into the single digits and teens late tonight which may cause a flash freeze on area roadways. Late Wednesday , the changing weather will begin with scattered showers, drizzle and fog expanding across Central Iowa.
  • One cigarette is enough to make you an addict, says study

    One cigarette is enough to make you an addict, says study

    At least 60% of people who try cigarettes once go on to become daily smokers , even if it's temporary, research suggests. Researchers found that around 7 in 10 of those who said they'd ever tried a cigarette went on to smoke daily.
    Rakesh Roshan announces next film in Krrish series on son Hrithik's birthday

    Rakesh Roshan announces next film in Krrish series on son Hrithik's birthday

    Mil Gaya, which released in 2003, gave birth to the Krrish series, which has now reached its fourth installment. They are overjoyed on hearing the news that the release date of Krrish 4 has been announced for Christmas 2020.
    Justices take up OH  plan that targets inactive voters

    Justices take up OH plan that targets inactive voters

    A dozen mainly Democratic states also want the Supreme Court to declare that Ohio's system violates federal law. Kennedy's vote often is decisive in voting cases that otherwise split conservative and liberal justices.
  • Pirates trade pitcher Gerrit Cole to Houston Astros

    Pirates trade pitcher Gerrit Cole to Houston Astros

    At this point, the hold up for any team trying to trade for Cole is the Pirates reportedly wanting three top prospects in a deal. Cole, who is under team control for the 2018 and 2019 seasons, is in his second year of arbitration eligibility.
    Magnitude 7.6 quake strikes off Central America

    Magnitude 7.6 quake strikes off Central America

    The danger escalates from a threat, to a watch, to an advisory, and to a warning. The magnitude 7.6 quake struck near the coast of Honduras, according to the U.S.
    Valencia agree Coquelin deal

    Valencia agree Coquelin deal

    Coquelin departs with FA Cup winners' medals for in 2015 and 2017 - and may be heading back to the Champions League . Elneny has participated in only five Premier League games this season, including only two starts.

Protests erupt over rape and murder of 7-year-old girl Protests erupt over rape and murder of 7-year-old girl Former Pakistan Prime Minister Nawaz Sharif's daughter Maryam Nawaz called for an exemplary punishment for the perpetrators. According to DawnNews , the post-mortem report of the child confirmed suspicions that she was raped before being murdered.

Julian Assange denied diplomatic status by British government after Ecuador request Julian Assange denied diplomatic status by British government after Ecuador request A Foreign Office spokesman said: "The government of Ecuador recently requested diplomatic status for Assange here in the UK". Manning was subsequently pardoned by Obama, but not before being subjected to abuse tantamount to torture in military prison.

Rams won't play in London next season, will still lose home game Rams won't play in London next season, will still lose home game Wembley once again plays host to two games for a third-straight year, continuing their 11-year partnership with the NFL. In the first-ever National Football League game played outside North America in August 1976, the Chargers faced the St.

'Camila' review: Camila Cabello's powerful solo debut 'Camila' review: Camila Cabello's powerful solo debut Camila Cabello attends 101.3 KDWB's Jingle Ball 2017 Presented by Capital One at Xcel Energy Center on December 4, 2017 in St. Since striking out on her own, Cabello has learned to do things her way. "And obviously, Blake Lively is a queen".

E Coli Outbreak Spreads to 15 States; Leafy Greens Suspected E Coli Outbreak Spreads to 15 States; Leafy Greens Suspected On Wednesday, the Public Health Agency of Canada announced it was no longer advising the public against eating romaine lettuce. People usually get sick from this particular strain of E. coli three to four days after eating contaminated food.

New Toyota-Mazda plant will bring 4000 jobs to Alabama New Toyota-Mazda plant will bring 4000 jobs to Alabama That is a strong testament to the quality of the location, resources, people and government leadership that Alabama offers. The plant is set to begin operation in 2021 when it will produce 30,000 vehicles a year and employ 4,000 workers.

Eric Staal Will Represent Minnesota Wild at NHL All-Star Game Eric Staal Will Represent Minnesota Wild at NHL All-Star Game This season, the 6-foot-1, 200-pound forward has posted 43 points (17 goals, 26 assists) and a plus-19 rating through 45 games. His record is 13-14-2 with a 2.89 goals-against average and a.911 save percentage after winning the last two games.

Trump on prospect of meeting with Mueller: 'It seems unlikely' Trump on prospect of meeting with Mueller: 'It seems unlikely' There was no collusion , everybody including the Dems knows there was no collusion , & yet on and on it goes. While Trump suggested that congressional Republicans act more forcefully, he didn't say how.

Packers to hire Mike Pettine as defensive coordinator Packers to hire Mike Pettine as defensive coordinator The Packers fired Capers after a 7-9 season ended with Green Bay ranked 22nd in total defense and 26th in points allowed. The Packers will name former Browns coach Mike Pettine their defensive coordinator, according to reports.

Trump Calls Out Sen. Feinstein For Leaking Fusion GPS Transcript Trump Calls Out Sen. Feinstein For Leaking Fusion GPS Transcript But Billionaire activist Tom Steyer , long rumored to be pondering a bid, will not get in the race - according to the L.A. Simpson is the co-founder of Fusion GPS, a political intelligence firm which compiled the infamous Trump dossier.

Millie Bobby Brown To Star In & Produce Enola Holmes Mysteries Film Adaptation Millie Bobby Brown To Star In & Produce Enola Holmes Mysteries Film Adaptation In a deal with Legendary Entertainment , the actress will also get to produce the future film series. It's likely that Season 3 of the series will be what she shoots next.

Twitch snags last-minute Overwatch League streaming deal Twitch snags last-minute Overwatch League streaming deal The e-sports competition will feature teams from different cities around the world. However, the matches taking place in China will not be broadcast through Twitch .

Darrell Bevell Reportedly Fired as Seahawks OC After 7 Seasons with Team Darrell Bevell Reportedly Fired as Seahawks OC After 7 Seasons with Team Atlanta Falcons offensive coordinator Steve Sarkisian is a rumored potential candidate to replace Bevell. We go into a game knowing what the defense is going to give us, the situations we're going to be in".

Issa the second GOP congressman in 2 days to announce retirement Issa the second GOP congressman in 2 days to announce retirement He was first elected in 2000 and in 2010 became chairman of the House Oversight and Government Reform Committee. The National Republican Congressional Committee expressed optimism that the seat will remain red.

Browns swipe Eliot Wolf from Packers front office Browns swipe Eliot Wolf from Packers front office The Browns finished the regular season without a victory and are now 1-31 in the last two seasons under head coach Hue Jackson. He's been a big reason for the consistent success the Packers have experienced over the last decade.