Tesco registers record Christmas trading, thanks to a 5% increase in online sales15-Jan-2018
Original article by Chloe Rigby, published on www.internetretailing.net, January 12, 2018.
Tesco enjoyed a record Christmas in the UK and Ireland markets, with UK sales in the 19 weeks to January 6 up by 1.9% LFL, including food growth of 3.4%. It saw its biggest ever UK sales week as fresh food grew by 4% to outperform the market. In that week customer transactions reached 58m and there were 770,000 online grocery deliveries, part of a 5% online sales growth for the period.
Chief executive Dave Lewis said: “We have continued to outperform the market throughout this period, particularly in fresh food, thanks to our most competitive offer for many years. Our trading momentum accelerated across the third quarter and into December, with the four weeks leading up to Christmas Day delivering record sales and volumes in the UK.”
He added: “Our colleagues and supplier partners have done a fantastic job serving our customers better every day throughout this exceptionally busy time, and I want to thank them for everything they have done.
“We are confident in the outlook for the full year and are firmly on track to deliver our medium-term ambitions.”