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Tesco half year sales increase

Tesco has seen its sales grow for the 26 weeks ending 27 August.

Tesco has seen its sales grow for the 26 weeks ending 27 August.

According to the retailer’s interim results announcement,UK sales were up by 0.6% on a like-for-like basis, while group like-for-like sales grew by 1.0%. UK volumes increased by 2.1%, while UK transactions rose by 1.6%.

The company says it is on track to deliver £1.2bn group operating profit before exceptional items for the full year.

Chief executive Dave Lewis said: 'We have made further strong progress in the first half, with positive like-for-like sales growth across all parts of the Group as we re-invest in our customer offer whilst rebuilding profitability in a sustainable way.”

He continued: “Whilst the market is uncertain, we have made significant progress against the priorities we set out two years ago, stabilising the business and positioning us well for the future. Today, we are sharing the plans we have in place to become even more competitive for our customers, even simpler for colleagues and an even better partner for our suppliers, whilst creating long-term, sustainable value for our shareholders.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Thailand to host Bangkok RHVAC 2022 and Bangkok E&E 2022 this September

The Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand, in collaboration with the Air-conditioning and Refrigeration Industry Club and the Electricals, Electronics, Telecommunications and Allied Industry Club, the ...

  05-Aug-2022

If you need to open a solenoid valve manually, you need a SVOM!

"THE SMALL TOOL WITH A BIG ATTRACTION" Available from Refrigeration Wholesalers If you would like to become a distributor please contact sales@fridgenius.co.uk
  30-Jun-2022
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