About: http://data.cimple.eu/news-article/307ffec90658d63ddc343698b3f83bcff699d5c8e280dfec298b1a8d     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • British supermarket giant Tesco announced Friday that its first-quarter sales jumped eight percent, boosted by rocketing online purchases as people switched to grocery deliveries during the nationwide coronavirus lockdown. Total sales surged to £13.4 billion ($16.6 billion, 14.8 billion euros) in the company's first quarter -- the 13 weeks to end-May -- compared with a year earlier, the nation's biggest retailer said in a trading update. The bumper performance came after the government imposed a lockdown on March 23 in a bid to halt the COVID-19 outbreak. Restrictions began to be eased this month. Online sales soared by a staggering 48.5 percent in the reporting period as the company ramped up its delivery capability to cope with booming demand from customers staying at home. The online business saw sales sky-rocket by more than 90 percent in May alone, the company added. "Through a very challenging period for everyone, Tesco colleagues have gone above and beyond, and I'm extremely proud of what they've achieved," Chief Executive Dave Lewis said in the earnings release. He added: "We doubled our online capacity to help support our most vulnerable customers and transformed our stores with extensive social distancing measures so that everyone who was able to shop in store could do so safely. "The costs of doing this have been significant and only partly offset by business rates relief and increased volume. We see the balance as an investment in supporting our customers at a time when they need it most." Tesco said it has grown its online business "as quickly as possible" in response to "significantly increased demand". The retailer is now delivering more than 1.3 million online orders per week, with a total of 12.6 million filled during the first quarter. Around one quarter of the group's online division comprised its click-and-collect service, whereby customers pre-order their shopping and collect it from the store. "As a result of the changes we have made, our online grocery business has grown from about nine percent to over 16 percent of our total UK sales," Tesco said. rfj/bmm
schema:headline
  • UK supermarket Tesco sales jump 8% in lockdown
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software