Tesco group sales for the seven weeks ending 5 January 2002 increased by 11%, leaving the company on track to achieve year end targets.


This growth, said the company, was driven by all four parts of Tesco’s strategy: a continued strong core UK performance, increasing non-food sales, strong performance across its international business and the success of retailing services.


In the UK, total sales (ex petrol) for the seven weeks ending 5 January were up 9%, including like for like of 6.2%. Strong volumes of 6.7% were meanwhile attributed to Tesco’s “determination to deliver the best value” for consumers. Deflation has increased in the core business with the continuing focus on price cuts.


Including petrol, total UK sales were up 7.2%, including 4.6% like for like. This was driven by strong volumes of 6.3%, following volume growth last year of 7.3%.


International sales were up 31.2% for Tesco over the Christmas and New Year period, in line with the company’s plans. Tesco currently controls 102 international hypermarkets, amounting to 10m ft² of sales space.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.