Tesco predicts price war before Christmas amid ‘pressure on household budgets’ | Tesco

Tesco warned about an intensive price war up to Christmas due to the pressure on the household budgets, but after receiving the market share and withdrawing to the person who shopped more by holding the inflation during the summer, he increased his profit expectations 100 million pounds.

Britain’s largest retailer, said that the efforts to reduce the price of 6,500 elements by an average of 9% said it “better work ,, and expects to make annual profits from the previous maximum £ to the previous maximum of £ 3 billion. The company said the inflation rate was “very behind” for the 4.9% food determined by analysts known as the weighbridge.

TESCO’s General Manager Ken Murphy referred to the comments that ASDA will invest in March in March and said, “Some of our competitors went very strongly about the statements of intention at the beginning of the year and we act rationally.

Murphy warned that Tesco was optimistic about running to Noel for the next three months to “take a pulse in strong agreements, and that the shoppers were nervous about spending before the November budget.

He said: “He is worried and anxious about budget and economic appearance.

“The competition intensity continues to be high and we are determined to ensure that customers get the best possible value possible by shopping at Tesco with continuous pressure on household budgets.”

Tesco, wholesaler in Booker Bakkal wholesalers in Ireland and Central Europe and owner of their stores, increased by 5.1% of group sales from August 23 to six months.

In the UK, where the sales in the settled stores increased by 4.9%, the hot summer was helped to make transactions in the UK, pushing houses to jump to barbecue foods. Murphy said that shoppers buy more premium ready -made food and fresh fruits and vegetables to cook at home instead of eating for various reasons, including saving money.

Pre -tax profits decreased by 6.3% reflecting the restructuring costs and the separation of the group’s banking department and the investment at the price.

Tesco said that higher employers have saved productivity to balance additional costs from new government measures, including national insurance contributions of 235 million pounds and a new packaging tax of £ 90 million this year. He said that he used AI to better predict the demand and cut waste and “optimize personnel in stores.

However, Murphy warned the Chancellor that it was “sufficient ında in additional taxes and regulatory costs for business after last year’s budget.

The government called on all retailers to exclude higher job rates planned for larger buildings, and to fulfill the promise of making a more fair system ”.