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Tesco clothing posts like-for-like growth in first quarter

Tesco’s clothing sales returned to like-for-like growth for the 13 weeks to May 30, after strong kidswear sales and extra Clubcard promotions encouraged spending on fashion.

The uplift in fashion sales came on the back of a fall in sales last year, when clothing like-for-likes fell behind 2% on a like-for-like basis.

In a statement to the stock exchange Tesco said: “Our non-food business has seen good market share gains and a resumption of like-for-like growth, the core UK business has delivered solid, stable growth in a market where inflation is falling, and our retailing services are continuing to attract new customers.”

A spokeswoman for the retailer said clothing sales across Europe had also performed well.

In the UK, like-for-like retail sales for the first quarter rose 4.3%, excluding petrol and VAT.

Overall group sales increased by 12.6%, excluding petrol, buoyed by Tesco’s international performance which was up 20.1% at actual exchange rates. The retailer said operationally the business is performing in line with expectations, with the outlook for the year as a whole remaining unchanged.

Tesco chief executive Sir Terry Leahy said: “We’ve made a solid start to the financial year, maintaining good momentum in a challenging economic climate – by investing in our offer for customers and adjusting our businesses well locally to meet their challenging needs.”

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