Feeds

Tesco.com racks up increased profit

Supermarket sweep

  • alert
  • submit to reddit

Remote control for virtualized desktops

Tesco.com, the ecommerce operation of the humongous UK supermarket chain, more than doubled its profit over the last year.

The grocery delivery operation racked up a 29 per cent increase in sales, taking revenues to £577m. Profits also jumped from £12m to £28m last year - although these figures exclude start-up losses for its ecommerce operations in the US and Korea. Tescom.com delivers some 120,000 customer orders a week.

Tesco.com's results were contained in group prelims for the year to the end of February. Group sales were up 18.7 per cent to £33.6bn, while pre-tax profit was up 17.6 per cent at £1.6bn.

One footnote of interest. Punters who shop at Tesco will, no doubt, be familiar with its "Computers for Schools" scheme, with shoppers receiving vouchers depending on the amount they fork out at the checkout. These can then be pooled together and, once schools get enough, can be exchanged for IT gear.

So, how much has Tesco handed out to UK schools in the last 12 years? Erm…£84m of computer kit - that's how much. ®

Related stories

Tesco.com bags £500m in online sales
Tesco launches wireless shopping

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?