THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
International business delivers half of Tesco’s growth

Group sales increase in the six weeks to 8th January 2011


International business delivers half of Tesco’s growth

Group sales increase in the six weeks to 8th January 2011

In its Christmas & New Year trading statement, Tesco announces that Group sales in the six weeks to 8th January 2011 increased by +7.6%.

Total international sales over the period grew at +14.2%, with strong performances in all three regions: Asia, Europe and the United States.
In Asia, total sales grew by +24.2%, with good like-for-like sales growth driven by particularly encouraging performances from Thailand and China.

In Europe, total sales grew by +5.6% (9.1% at constant exchange rates). Like-for-like sales growth was once again positive in every country and similar overall to the third quarter performance.

In the United States, Fresh & Easy continues to perform well helped by another successful Christmas and New Year period. Total sales grew by +36.9% and like-for-like sales growth remained strong, continuing the good progress made in the third quarter.

In the UK, market share is growing, with total sales growth increasing by +4.2%. Like-for-like sales increased by +0.6% and sales from new space grew by +3.6%, reflecting a strong contribution from some recent new store openings.

Online sales were strong in both food and non-food with double-digit total online sales  growth.  Tesco Direct had sales growth of +18%, with a strong performance in toys, gaming and small domestic appliances, building on growth of more than +50% last Christmas.

Terry Leahy, Chief Executive, commented, "The Group has continued to make good progress, helped by strong growth across our international businesses, which delivered over half of the Group's growth. Our performance remains solid but was hindered in the run up to the important Christmas trading period in the UK by the disruptive effects of the severe winter weather conditions. Our staff and suppliers did a fantastic job in delivering a great shopping trip for customers in difficult circumstances."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‚Äėsmall and beautiful‚Äô solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy