UK supermarket leader Tesco has announced strong sales growth for the Christmas period, with the group’s international operations also performing well.
Group sales for the seven weeks to 3 January rose 16.7%, which the company attributed to its long-term strategy for growth. The strategy is aimed at winning in its core UK market, growing non-food market share, developing retailing services and expanding overseas.
Total UK sales for the seven-week period were up 15.4%, while like-for-like sales rose 7.5%.
Tesco said international sales were up 22% over the Christmas and New Year period, in line with the group’s plans despite some tough trading conditions. Tesco now has 189 hypermarkets operating overseas.

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By GlobalData