Newspaper article The Evening Standard (London, England)

Tesco Shrugs off Woes with Rise in Sales as Rivals Struggle

Newspaper article The Evening Standard (London, England)

Tesco Shrugs off Woes with Rise in Sales as Rivals Struggle

Article excerpt

Byline: Lucy Tobin

TESCO's new boss today had an unexpected item in his bragging area: the grocer was revealed as the "stand-out" supermarket in the first three months of the year with sales up 1.1%, compared with a sales slump in 2014.

Tesco posted its strongest performance in 18 months, according to retail analyst Kantar Worldpanel, helping it to arrest its falling market share. Its till takings declined by 2.7% in the 12 weeks to December 7, which was itself a vast improvement on the supermarket's 4.5% fall two months before that.

Dave Lewis - who took the top job in September - cut prices, rearranged products and changed Tesco's fresh fruit and vegetable aisles.

Tesco's success has hit Asda, which took 2.1% less through its tills in the first 12 weeks of 2015, while the two remaining big four supermarkets, Morrisons and Sainsbury's, respectively suffered a 0.4% and 0.5% decline in sales.

Cheap foreign supermarkets are marching on in Britain: Aldi achieved a new record market share of 5% in the three months, with sales up 19. …

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