Lidl's U.K. Christmas Sales Up 11%

Date : 01/10/2020 @ 9:06AM
Source : Dow Jones News
Stock : Tesco PLC (PK) (TSCDY)
Quote : 8.75  0.04 (0.46%) @ 9:32PM
Tesco (PK) share price Chart

Lidl's U.K. Christmas Sales Up 11%

Tesco (LSE:TSCO)
Historical Stock Chart

3 Months : From Dec 2019 to Mar 2020

Click Here for more Tesco Charts.

By Matteo Castia

 

Lidl Great Britain Ltd. said Friday that sales for the four-week Christmas period rose 11% year-on-year, as more customers came into its shops.

The German discount retailer--which has 790 stores across the U.K.--also said that it continued investing during the four weeks ended Dec. 29, 2019 in an effort to enhance its store portfolio. This is part of its 1.45 billion pounds ($1.90 billion) expansion program for the U.K. market.

Lidl, which together with its German peer Aldi has been taking market share from the big four U.K. grocers, said its busiest trading day was Dec. 23 as customers stocked up ahead of Christmas Eve.

Earlier this week Aldi reported that sales topped GBP1 billion in the U.K. for the first time in the four weeks leading to Christmas. Tesco PLC (TSCO.LN), J Sainsbury PLC (SBRY.LN) and Wm. Morrison Supermarkets PLC (MRW.LN) have all reported trading updates this week.

Lidl and Aldi between them have a 13.7% share of the U.K. grocery market, according to data from Kantar.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

January 10, 2020 03:51 ET (08:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TSCDY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
$
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200331 08:19:28