People are shopping for groceries less often but buying more items, Tesco said, as it reported rising pre-tax profits of $709 million

a man standing in a room: New Tesco CEO Ken Murphy. Ben Stevens/Parsons Media/Handout via REUTERS

© Provided by Business Insider
New Tesco CEO Ken Murphy. Ben Stevens/Parsons Media/Handout via REUTERS

  • Tesco’s total revenues grew 8.6% in the six months to August, it said on Wednesday, thanks to a surge in online shopping during the pandemic.
  • In the UK, online sales at the grocery giant nearly doubled in the quarter to August.
  • Customers favored Tesco’s smaller, local stores over its larger supermarkets, it said. People are shopping less often — but buying more.
  • Tesco’s operating profit fell 4.5% in the first half of the year, reflecting the £533 million ($686 million) it spent on its COVID-19 response, but it posted a 28.7% jump in pre-tax profit to £551 million ($709 million).
  • Visit Business Insider’s homepage for more stories.

British supermarket giant Tesco has reported rising sales and pre-tax profit, largely thanks to the boom in online grocery shopping during lockdown.


Load Error

People are shopping less

Read More Read more

How To Get Coupons For Groceries

My little heart simply lights up every time I see a buy one get one free offer. Should you resolve to turn into a Store Your Approach member it is utterly free, they actually have a free app for smartphone users, and you should have the in on some great deals as well as the ability to earn in store cash from your purchases.

There are many offers and coupon websites can be found in the internet. I have seen the trainings and I’ve spoken to clients concerning the products. After you generate a listing of gives for the recent products, you must promote those presents on websites that provide you with most visibility.

Another wonderful thing about discount codes is that they may help you purchase the products at a time that’s the most convenient for you. Sears also has a buy more, save more sale a few instances … Read More

Read more