Tesco, the massive British supermarket chain, announced a “strong performance” for its clothes category, citing a 0.3 per cent increase in sales in its Home and clothes division.
This was disclosed in the company’s most recent interim report for the fiscal year 2024–2025, when the retailer prominently highlighted increases in volume and market share.
Due to a (1.3)ppts drag from the start of a new collaboration with The Entertainer, which affects the retailer’s toy assortment and makes toy purchases no longer recognised, home and clothing sales have been negatively impacted.
It is anticipated that the changeover will be finished by the second half of the year.
When this effect was taken out of account, the category’s sales increased by 1.6 per cent, which Tesco attributed to the growth in clothes, which it claimed continued to “grow ahead of the broader store-based clothing market.”
Tesco’s group sales increased by 3.5 per cent at actual rates and 4 per cent at constant rates during the quarter, totalling US $ 41.28 million.