Kantar Worldpanel
Good news has been in short supply recently for Tesco but at last there is some data that the group's new chief executive Dave Lewis can cheer.
Tesco increased sales by 0.3 per cent in the 12 weeks to February 1 compared to the same period a year earlier - marking a return to growth for the first time since January 2014. Market share data from Kantar Worldpanel shows that Tesco is finally bouncing back after the toughest year in its history, despite having to wage a fierce price war with rivals.
Data from Kantar Worldpanel, @K_Worldpanel for the 12 weeks ending 13 April 2014, shows that one in three pounds spent on physical music, video and games is going online - a trend which is benefitting online giant Amazon in particular.
Another significant winner this quarter is GAME which has grown its share of the market ahead of its stock market float.
Sir Stelios Haji-Ioannou, the maverick founder of easyJet, is preparing to do battle with low cost supermarkets such as Aldi and Lidl by launching his own budget food chain by the end of the year.
The entrepreneur is understood to be close to securing his first site to pilot “easyFoodstore”, which will take on the budget supermarket chains as well as other shops such as Poundland that sell food at bargain prices.
Stelios’s easyGroup has set up a website for easyFoodstore.com, which promises that the venture is “coming soon”. EasyGroup has also applied to turn the easyFoodstore name into a trademark.
Research reveals next wave of digital sales growth in popular retail categories will be driven by older consumers -
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