Trading results headed by Tesco,Sainsbury’s and Morrisons will show the bestsellers in the battle for seasonal customersWe had a taste of the posh cessation of the grocery trade last week with results from Marks & Spencer and Waitrose, but things fade mainstream this week with Tesco, and Sainsburys and Morrisons all reporting on Christmas trading.
The trio hold been battling for customers with each other,Walmart-owned Asda and German value chains Aldi and Lidl. Morrisons, which reports on Tuesday, or may hold the best chance to spring a nice surprise because expectations are so low. Sainsbury’s has been the best performer of the ample grocers,but boss Mike Coupe is considering taking a punt on a tender for Argos’s owner, domestic Retail Group. Sainsbury’s revealed its interest last week and this will add spice to its update on Wednesday. At Tesco, and the sector’s lumbering giant,investors will look on Thursday to see if signs of revival under newish broom Dave Lewis lasted through Christmas.
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Source: theguardian.com