Tesco has revealed a “strong” increase in the amount of groceries bought by British shoppers in the latest quarter as inflationary pressures eased.
The UK’s largest supermarket firm revealed total retail sales grew by 3.4 per cent to £15.3bn in the 13 weeks to May 25, compared with the same period last year. This came on the back of a 5 per cent increase in food sales, with high demand for fresh produce helping to drive higher sales volumes.
'The group is more than holding its own against the German discounters and carries good momentum into the upcoming summer of sport. “With food prices moderating, the UK supermarkets can no longer rely on inflation to boost sales. This means volume growth is critical and Tesco is delivering just that. 'The group has worked hard for several years to lower prices, improve the quality of its ranges and bolster its brand perception. This is clearly resonating with the UK consumer.
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