• The Wall Street Journal reports that some analysts are saying that Tesco “is close to ‘maxing out’ in the U.K., where it has an industry-leading 30.5% share of grocery sales. Investors, too, are growing concerned that earnings growth and returns could slip, which contributed to a 6% slide in its shares this month.”
Tesco, on the other hand, isn’t buying. According to the story, “Tesco argues it is far from reaching a saturation point in its home market. Retail space per capita in the U.K. is still two-thirds that of Germany's. Non-food retail and financial services offer Tesco scope for market share gains.”
Tesco, on the other hand, isn’t buying. According to the story, “Tesco argues it is far from reaching a saturation point in its home market. Retail space per capita in the U.K. is still two-thirds that of Germany's. Non-food retail and financial services offer Tesco scope for market share gains.”
- KC's View:
