Toys spearhead Tesco’s Christmas sales

Retail giant Tesco has reported an increase in Christmas sales, with toys and clothing driving the company’s growth.

The retailer revealed that sales from the six weeks ended January 7th 2017, were up in toys by 8.5 per cent and clothing by 4.3 per cent.

Meanwhile, Group like-for-like sales spiked by 0.3 per cent and UK like-for-like sales grew by 0.7 per cent.

Food like-for-like sales also saw an increase of 1.3 per cent, with the retailer witnessing significant market outperformance in fresh food.

“We are very encouraged by the sustained strong progress that we are making across the Group. In the UK, we saw our eighth consecutive quarter of volume growth and delivered a third successful Christmas,” said Dave Lewis, chief executive of Tesco in a statement.

International like-for-like sales performance of 1.2 per cent also reflected the grocer’s strong performance oveerseas last year.

Lewis added: “Internationally, we have continued to focus on improving our offer for customers in challenging market conditions.”

Following the retailer’s bumper sales, Lewis cited new plans to become even more competitive in the marketplace.

Lewis continued: “We are well-placed against the plans we shared in October to become more competitive for customers, simpler for colleagues, and an even better partner for our suppliers, whilst creating long-term value for our shareholders.

“I would like to thank all of our colleagues for everything they have done to serve our customers brilliantly over this very busy period."

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