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Tesco sales edge up 2.1%

Tesco has reported a 2.1% rise on group like-for-like sales for the six weeks to January 9 due to “lower prices” and “improved customer service” at the supermarket.

Tesco's F&F

Tesco’s F&F

Tesco’s F&F

UK like-for-like sales were up 1.3% over Christmas and customer transactions across the business were up 3.4% on 2014.

International like-for-like sales increased by 4.1% year-on-year.

The supermarket also revealed that Alison Platt, chief executive of property services group Countrywide, and Simon Patterson, managing director of technology investment firm Silver Lake Partners will join the Tesco board as additional independent Non-Executive Directors from April 1.

Dave Lewis, chief executive said: “Our Christmas performance was strong, benefiting from lower prices on an outstanding range of products. Our customer service improved materially and our colleagues went the extra mile.

International sales have also continued to strengthen, driven once again by improvements across the offer. We continued our strong positive sales momentum in both Europe and Asia, with our Thai business reaching its highest ever market share.

We are continuing to focus our efforts on serving our customers a little better every day. There is plenty more to do, but we are making good progress and are trading in line with profit expectations for the full year.”

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