2nd June 2021
Amazon is on track to overtake Tesco as the UKâs largest retailer within the next four years, with its gross merchandise value (GMV) sales expected to reach £77.1bn by 2025, according to a new report forecasting the future performance of key retailers.
The study by Edge by Ascentialâs research arm, Edge Retail Insight, shows Amazon’s total sales (incl. marketplace) in the UK were £36.3bn in 2020, compared to Tescoâs £64bn. By 2025, Edge predicts that Tesco’s total sales will rise to £76.1bn, representing CAGR growth of 3.5%, but just behind the US online giant.
Amazon is expected to account for a third of all UK chain retail sales added between 2020 and 2025, with compound annual sales growth (CAGR) of 16.3% for the five-year period. The e-commerce giant is also forecast to account for 15% of UK chain retail sales in 2025, up from 9.1% in 2020.
Technicals
Company s 52-week low was at $27.33
Price action over last quarter: Up 6.93%
Company Profile
Kroger is the leading American grocer, with 2,757 supermarkets operating under several banners throughout the country as of the end of fiscal 2019. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated more than 300 fine jewelry stores at the end of fiscal 2019. Kroger features a leading private-label offering and manufactures around a third of its own-brand units (and 42% of its grocery own-label assortment) itself, in 35 food production plants nationwide. Kroger is a top-two grocer in 90% of its major markets (as of late 2019, according to Planet Retail and Edge Retail Insight data cited by the company). Virtually all of Kroger s sales come from the United States.
Summary
Kroger is the leading American grocer, with 2,757 supermarkets operating under several banners throughout the country as of the end of fiscal 2019. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated more than 300 fine jewelry stores at the end of fiscal 2019. Kroger features a leading private-label offering and manufactures around a third of its own-brand units (and 42% of its grocery own-label assortment) itself, in 35 food production plants nationwide. Kroger is a top-two grocer in 90% of its major markets (as of late 2019, according to Planet Retail and Edge Retail Insight data cited by the company). Virtually all of Kroger s sales come from the United States.