CHESHUNT, England — Tesco here said Tuesday it was “encouraged” by the momentum at Fresh & Easy Neighborhood Market — its U.S.-based division — during the fiscal first quarter, which ended May 31. Though the company did not report specific dollar amounts, it said sales were up 21.9% (31.7% at constant exchange rates), while comparable-store sales rose 11.1%. Tesco said comps were driven by both increased customer counts and higher average tickets. “Our new stores in Northern California ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.