No amount of ads featuring Prunella Scales seem able to dent Tesco's meteoric rise...
Published: 27 November 2001 12:45 GMT
Tesco said today it expects its dot-com division to hit full profitability by the end of the financial year, following profit from its online food sector last year.
The retail group posted a 12.2 per cent growth in third quarter sales, boosted by growth in all divisions of its business.
According to recent figures from Jupiter MMXI, Tesco was the third most popular UK e-tail site in October, with 1,190,000 unique visitors during the month.
But while Tesco soars ahead, Safeway has announced it is to close its UK online shopping service despite posting a nine per cent rise in pre-tax profit last week.
Earlier this year Tesco.com ploughed £15.7m into Safeway's US internet shopping venture, GroceryWorks.
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