Online sales down 6.5% for Tesco

Featured image of the article Online sales down 6.5% for Tesco
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15 April 2022 à 14h23

Updated on 25 May 2022 à 09h35

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Publication: 15 April 2022 à 14h23, Updated on 25 May 2022 à 09h35

Reading time: 1 minute

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Publication

15 April 2022 à 14h23

Updated on 25 May 2022 à 09h35

Reading time

1 minute

Publication: 15 April 2022 à 14h23, Updated on 25 May 2022 à 09h35

Reading time: 1 minute

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Tesco, the U.K.’s leading supermarket chain, published results for the year ended 26th February 2022. Global turnover was €66.3 billion (excluding fuel), up 2.5% compared to 2020.

Online sales reached €7 billion, a fall of 6.5% on the previous year due to lifting of Covid-19 restrictions. E-commerce sales accounted for 14% of UK’s sales, compared to 13% for Walmart in 2021. C.E.O. Ken Murphy said Tesco has reduced Covid-19 related costs from €1,079 million in 2020/21 to €26

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