Tesco in Asia lift as UK also bounces back

first_img whatsapp Tesco in Asia lift as UK also bounces back whatsapp Tuesday 7 December 2010 8:38 pm Share TESCO yesterday reported an 8.8 per sales cent rise in the third quarter helped by a strong performance from international stores.The supermarket chain said it was performing in line with expectations while its market share was being boosted by the opening of more store space.Total international sales jumped by 15.7 per cent while sales in Asia surged by 23.4 per cent in the 13 weeks to 27 November. In Europe there were improved sales in Hungary and Turkey, the retailer said. Sales at UK stores open over a year rose just 1.5 per cent, but that was up on the previous two quarters.Analysts gave broad approval to the results which come as the retailer pushes to raise sales over Christmas.Tesco’s Finest ranges have been one of the retailer’s successes, with double digit rises over the past two years, according to previous figures.Sir Terry Leahy, the Tesco chief executive who stands down next March, said: “We’ve made good progress in the third quarter with growth from across the group. “Our continued investment in the shopping trip and our new space opening programme across our markets are giving us good sales momentum and market share gains.” Like-for-like sales growth at Fresh & Easy, its loss-making US arm, continued in line with recent trends at 9.8 per cent during the quarter, which ended in late November. center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content Tags: NULL More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img

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