Report: Amazon expected to eclipse Tesco as top UK retailer by 2025 as online grows
According to a new report released by Edge Retail Insight, Amazon will overtake Tesco as the UK’s top retailer within the next four years. Though Tesco’s current sales are nearly double that of Amazon’s (£64bn compared with £36.3bn in 2020), the newer retailer is quickly gaining ground on its competitor. Edge by Ascential, whose research […]
Retail roundup: Seedless lemons arrive at Tesco; Sainsbury’s joins Black British Network
Seedless lemons never really took off in the UK years ago after many trials failed to produce a strong, stable supply of good-tasting fruit. But Tesco said it may have found the answer to bringing consistent seedless lemons to its stores – by looking to South Africa and Spain. Starting this week, the retailer said […]
Retail roundup: Asda CEO Burnley stepping down after this year
Asda CEO and President Roger Burnley said he is exiting the business next year once the supermarket makes its full transition to new owners the Issa brothers and TDR Capital and once they have a successor in place, the company said. Burnley, 54, who joined the company five years ago, has been the chief executive […]
