Supermarket giant Tesco reported signs of improving consumer confidence today as it geared up for the Christmas sales battle.
The firm’s like-for-like sales, excluding petrol, grew by 2.8 per cent in the 13 weeks to November 28 - an improvement on the previous quarter’s 2.7 per cent. Total sales were up by 8.8 per cent.
The UK’s biggest grocer has been helped by its double Clubcard points promotion as well as “particularly strong growth” in toys and entertainment goods in the build-up to the festive season.
Chief executive Sir Terry Leahy said: “We are seeing improving customer confidence and encouraging trends in both the UK and our international businesses, although recessionary conditions still exist in a number of markets.”