shopping

Tesco’s New CEO Takes Over as Online Shopping Surges in U.K.

(Bloomberg) — Tesco Plc’s new chief executive officer reported a strong rise in first-half sales as more people bought groceries while working from home during the pandemic.



a person standing on top of a table: A worker works on his laptop in his kitchen whilst working from home in Danbury, U.K., on Tuesday, April 7, 2020. Among the decisions that my need to be made in U.K. Prime Minister Boris Johnson's absence are whether and when to tighten, extend or lift the current lockdown, which has seen all bars, restaurants and all non-essential shops closed, and people urged to work from home where they can.


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A worker works on his laptop in his kitchen whilst working from home in Danbury, U.K., on Tuesday, April 7, 2020. Among the decisions that my need to be made in U.K. Prime Minister Boris Johnson’s absence are whether and when to tighten, extend or lift the current lockdown, which has seen all bars, restaurants and all non-essential shops closed, and people urged to work from home where they can.

Tesco’s like-for-likes sales in the U.K. and Ireland, its core market, rose by 7.2% as people ate more at home than in cafes and restaurants. The pandemic has resulted in higher costs of running its stores, however, and the sales gain was slightly below analysts’ expectations.

Ken Murphy, a former executive

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beauty

Millennial brothers’ hair and beauty store surges through COVID-19

“COVID-19 has really shifted the way consumers shop and view online shopping. Now they’ve got a taste for it, our goal was to really impress new customers and cement them as online shoppers,” he said.

“We’ve hit $3 million [in monthly sales] a year or two ahead of schedule. So it’s accelerated our growth in the space.”

Prior to starting Oz Hair & Beauty, Mr Nappa worked casually as a labourer and restaurant waiter to support himself while in university, but in 2012 when his labourer boss went on holidays, he realised he could not make enough income to support himself from just his restaurant job.

This sparked his decision to leverage his parents’ connections running hair salons and start an eBay store selling hair and beauty products.

For a few years Mr Nappa ran this business out of his father’s warehouse, taking over the entire space by its third

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shopping

Bed Bath & Beyond’s Comparable Sales Grow as Online Shopping Surges

It was a summer of shopping for the home, from the home.

Bed Bath & Beyond Inc.


BBBY 28.84%

posted its first comparable-sales growth since 2016 in the latest quarter, with the company’s digital sales surging 89% as people shopped for home goods online during the coronavirus pandemic.

Comparable in-store sales retreated in the company’s fiscal second quarter compared with last year, dipping by roughly 12%. But customers converged on the Union, N.J.-based retailer’s curbside and in-store pickup options, helping drive the acceleration of its internet sales. Companywide comparable sales grew 6%, Bed Bath & Beyond said.

Shares climbed roughly 26% to $18.91 Thursday morning. Through Wednesday, the stock had been down about 13% year to date.

Companies that sell home goods and home-improvement products went on a tear over the summer as people who were spending more time in their houses during the coronavirus pandemic shopped with a focus

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