Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Tesco launches one-hour delivery to London customers

Published 06/26/2017, 02:00 PM
Updated 06/26/2017, 02:10 PM
© Reuters. A Tesco supermarket is seen in west London
AMZN
-
TSCO
-

LONDON (Reuters) - Tesco (LON:TSCO), Britain's biggest retailer, is to offer a one-hour grocery delivery service to customers in central London, firing the latest salvo in the cut-throat online supermarket sector.

Online shopping is one of the better-performing parts of Britain's retail sector and has become a key battleground for the big supermarkets as they grapple with the growth of German discounters Aldi [ALDIEI.UL] and Lidl [LIDUK.UL].

Britain's online food market is expected to grow by 54 percent to 16 billion pounds ($20.3 billion) in the five years to 2022, according to industry research group IGD.

Tesco said on Monday the new service will allow customers to order, through the Tesco Now app, up to 20 items from a range of 1,000 products, including fruit and vegetables, meat, bakery goods and dairy.

Orders will be picked in a local store and delivered to customers via moped within 60 minutes.

Priced at 7.99 pounds ($10.16), Tesco Now will be available to customers in some central London postal districts between 0800 until 2300 on weekdays and 0900 until 2300 at weekends.

Tesco's service is similar in concept to Amazon's 'Prime Now' offer and follows a one-hour home delivery trial from Sainsbury's, Britain's No. 2 supermarket group, that was launched last year.

Last year Amazon (NASDAQ:AMZN) also launched a British version of its U.S. AmazonFresh food delivery service, stepping up the pressure on the traditional big supermarkets.

© Reuters. A Tesco supermarket is seen in west London

Earlier this month Amazon agreed a $13.7 billion takeover of Whole Foods signaling how serious it is about food retail.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.