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FBD: Tesco's market share hits 30.7% in the UK

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Source: CNN Money

Tesco's UK Grocery Market Share Rises To 30.7% 12 Weeks To Nov 1 -TNS

LONDON -(Dow Jones)- Tesco PLC's (TSCO.LN) U.K. grocery market share rose to 30.7% in the 12 weeks to Nov. 1, according to Taylor Nelson Sofres World Panel market share data Tuesday.

Tesco, the U.K.'s biggest retailer by sales, saw its market share rise from 30.6% for the same period last year.

The nation's second biggest retailer, Asda Group Ltd., saw its market share rise to 17.3% in the 12 week period from 16.9% a year earlier. Asda is a subsidiary of the world's biggest retailer Wal-Mart Store Inc. (WMT) of the U.S.

Read more [http://money.cnn.com/news/newsfeeds/articles/djf500/200911101029DOWJONESDJONLINE000303_FORTUNE5.htm]

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Tesco PLC
Address: Tesco House Delamare Road Cheshunt, ENG EN8 9SL United Kingdom
Telephone: +44-1992-646484
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About Tesco PLC

Tesco PLC is an international retailer. The Company is engaged in retailing and associated activities in the United Kingdom, the Republic of Ireland, Hungary, Poland, the Czech Republic, Slovakia, Turkey, Thailand, South Korea, Malaysia, Japan, China and the United States. The Company also provides retail banking and insurance services through its subsidiary Tesco Personal Finance PLC (formerly Tesco Personal Finance Group Limited) (TPF). The Company has two business segments, retailing and financial services. Retailing Services includes the Company’s online shopping channels, tesco.com and Tesco Direct; Telecoms; Tesco Personal Finance (TPF), and dunnhumby, its consumer research business.

Print | posted on Tuesday, November 10, 2009 3:43 PM

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