Tesco reports a 3.4% increase in total retail sales, with food sales up 5%, as consumer sentiment improves due to easing inflation.
Tesco reports "gentle improvement" in consumer sentiment as sales volumes grow due to easing inflation; shoppers spend more at stores and online. Total retail sales rose 3.4% to £15.3 billion, with food sales up 5%, driven by high demand for fresh produce. Tesco CEO Ken Murphy says the company has increased its competitiveness, leading to a growing market share and more customers shopping with larger baskets.
June 14, 2024
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