Tesco reported a slowdown in first-quarter sales growth, with group like-for-like sales rising 1.0% compared to 3.5% last year. Despite this, the UK grocery giant maintained its profit guidance for the 2026-27 financial year, expecting adjusted operating profit between £3.0 billion and £3.3 billion. Strong performances in the UK and Ireland, including growth in fresh food and online sales, helped offset weaker results from its wholesale arm Booker and slower growth in Central Europe. Tesco also continues its £750 million share buyback program, having repurchased £341 million so far.
UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in e...
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has partnered with Instacart to offer same-day delivery from over 2,400 stores nationwide. Customers can now order a wide range of products including pet supplies, livestock fe...
