Find in the news:

Tesco sales decline more rapidly that its rivals

Tesco is losing its market share to Aldi and Lidl, as well as to Waitrose, resulting in a loss of sales which is faster than any of its rivals.
The research firm, Kantar Worldpanel, reported that the supermarket chain saw a decline in sales of 3.6% for the 12-week period to October 12.  This has resulted in their market share dropping from 30.1% last year to 28.8%.

This comes after the HSBC analyst, David McCarthy, stating that it will be necessary for Tesco to invest £3bn to overcome its sluggish UK performance.  He said they need to lower food prices by 5% to 6%, improve the quality of their products and increase their store numbers.  He added that it may take the group around six years to address their current issues, but they can succeed and stand up to the discount stores.

Although the sales figures for Tesco declined over the past three months, this period has seen its best performance since June. According to the research data, Aldi and Lidl continue to increase their market share, with sales increasing by 27.3% and 18.1% respectively.  However, Waitrose has also experienced a sharp 6.8% sales increase. Among the big four supermarkets, Asda was the only group to experience an increase in sales of 1% after it cut prices last year.

In sharp contrast, Sainsbury’s saw their sales decline by 3.1% and Morrisons saw a decline of 1.8%.
Kantar’s head of retail and consumer insight, Fraser McKevitt, said a clear polarization of the market is evident, with both the discount and premium ends of the market gaining share, whilst the mainstream supermarkets continue to be squashed and squeezed in the middle.

Tesco’s half-year reports are due on Thursday, along with an update on the results of its inquiry into the recent accounting scandal it suffered, which resulted in a £250m overstatement of expected profits.

More about shopping malls in the United Kingdom

Adidas and AllBird have announced a partnership aimed at creating new environmentally friendly technologies.
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
The masks to protect against coronavirus are called Face Covers and are made from recycled materials.
May 25, 2020, United Kingdom:
Due to the coronavirus pandemic, more and more customers are adopting the habits of the younger generation and do not want to constantly change their wardrobe.
and Follow
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us