GENERAL MERCHANDISE NEWS
Strong growth continues at Tesco
5 December, 2006 | by Retail Bulletin
Strong performance; in non-food, sales and market share
Group sales, excluding petrol, increased by 10.3 per cent in the 13 weeks to 25 November 2006,
and by 9.6 per cent including petrol.
Excluding petrol, UK like-for-like growth in the quarter was 5.6 per cent and total
sales growth was 8.5 per cent. Including petrol, UK sales grew by 7.4 per cent, with like-for-like growth of 4.4 per cent and 3.0 per cent from net new stores.International sales in the third quarter increased by 17.9 per cent at constant exchange rates, a similar rate of growth to the first half, and by 17.5 per cent at actual rates.
