In its interim report for FY2024-25, British supermarket chain Tesco reported a 0.3 per cent rise in sales from its ‘Home and Clothing’ division.
The retailer’s sales from the ‘Home’ and Clothing’ division rose by 1.6 per cent. Tesco attributes this growth to the continued strong performance of its clothing range, which it stated is ‘outpacing the broader store-based clothing market.’
The report also noted a (1.3) percentage point impact due to the company’s new partnership with The Entertainer, which affects Tesco’s toy offerings. This partnership has also affected the company’s sales in the ‘Home’ and clothing division. However, sales in this division are expected to recover by the second half of the year.
In total, Tesco’s group sales grew by 3.5 percent at actual rates and 4 percent at constant rates during the last quarter, reaching US $41.28 million.
