UBS maintains a buy rating on Tesco with a 545p price target, highlighting the supermarket's strong performance despite market challenges. Tesco improved gross margins, controlled inventory losses, and increased productivity, with UK market share rising to 28.5%, the highest since 2015. The company is also expanding digitally, with significant growth in Tesco Marketplace and online sales. UBS sees long-term potential in Tesco's AI partnership for personalized marketing, supporting a positive outlook with a 17% potential share price increase.
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...
