The Loss Of Tesco Reported The Worst Performance Ever Since

In the latest analysis report released this week, HSBC pointed out that after a period of performance downturn, Tesco has taken up the "smooth ride" of sales growth in the entire retail sector, and its market share is no longer in a big decline.

The British retail giant Tesco shares showed a positive rally on the London Stock Exchange. Before that, Tesco released its latest financial data showing that it had suffered the worst report card in the past 100 years.

Tesco confirmed its earnings data in April 22nd. In the 53 weeks ended February 28th, Tesco's losses amounted to 6 billion 370 million pounds (US $9 billion 510 million).

During the same period last year, Tesco announced that it had made a profit of 2 billion 260 million.

Last year, Tesco's stock price fell by 20%, but the loss of Tesco has improved after Dave Lewist, the company's leader, launched an internal restructuring and improvement plan in Lewis.

According to the latest survey released by market research firm Antar Worldpanel, Tesco's share in the UK market reached 28.4%, which was 30.1% in 2012.

At the moment

Sales have begun to rise positively, and the decline in their market share is also slowing down.

In the 12 weeks ended March 29th, Tesco's market share increased by 0.3%, while its other two biggest competitors.

And Morrisons.

They fell by 1.1 and 0.7 percentage points respectively.

Tesco announced in its 2014/2015 preliminary performance statement that group sales (excluding fuel commodities) fell by more than 3%.

Local time April 22nd, Tesco shares rose 1.3%.

Insiders pointed out that since market analysts had already predicted that Tesco would suffer a sustained loss in the latest quarter, Tesco did not fluctuate much after its quarterly earnings announcement.

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"Our strategy now is to set up shop cautiously, not as crazy as it did in the past few years. The rent and labor costs are too high, but gross margins are decreasing."

Mr. Shen, who has been engaged in retailing for many years, told reporters.

Reporters interviewed learned that in 2014, bees, lotus, Huarun, WAL-MART and other industries have different levels of stores and stores adjustment, these operators are very consistent with the idea of store adjustment, most of which are due to the poor sales of some stores, and difficult to load under huge costs.

The top 100 list shows that since 2010, sales growth of chain top 100 companies has continued to decline, and sales growth in 2010 has been 21%, 12%, 10.8%, 9.9% and 5.1% respectively in ~2014.

In 2014, it became the lowest year of sales in the top 100 list.

In 2014, the number of top 100 enterprises increased by 4.2%, of which 23 were more than the number of new shops, and the number of shops in 7 enterprises was unchanged from last year.

In 2014, the number of officially employed workers in the top 100 enterprises decreased by 0.3% compared with that in 2013. The number of enterprises that have reduced employment has exceeded the number of enterprises increasing employment.

Comparatively speaking, supermarkets and convenience stores are better than department stores.

In 2014, sales of 47 enterprises operating mainly in department stores increased by 2.7%, and sales were lowest in all formats.

Sales of top 100 top quality enterprises with supermarkets as the main business grew by 6.5%, and the stores grew by 5%, which were higher than the average growth rate of 1.4% and 0.8% respectively.

It is noteworthy that the sales of convenience stores increased rapidly, and the number of convenience stores in the top 55 stores increased by 7.8%.

From the convenience store companies with comparable data, the sales volume of enterprises increased by 17.7%, higher than that of the top 100 sales by 12.6%, and sales growth was the highest among all formats.

According to the reporter's observation, perhaps because of the relatively good status of small convenience stores, many businesses began to get involved in these small shops, such as Carrefour's first convenience store in Shanghai, and the lotus shop also launched the first small convenience store.

In addition, in the top 100 enterprises, the sales volume of foreign-funded enterprises increased by 4.7%, and the number of stores increased by 13.9% (mainly fast food, convenience stores and professional stores). Domestic enterprises increased by 5.2% in sales and 2.9% in stores.

Foreign department store sales decreased by 3.8% compared to the same period last year, and the number of stores decreased by 1% compared with the same period last year.

Domestic sales increased by 3% and stores increased by 10.2%.

Among the top 100 chain enterprises, the sales growth of foreign-funded enterprises is 4.2%, the growth of stores is 16.8%, the sales growth of domestic enterprises is 7.5%, and the growth of stores is 4.4%.