Tesco enjoys huge FY growth

MCV Staff 15th April 2008 Business News

Strong sales of consumer electronics drove growth in Tesco’s non-food operations for FY 2007-2008, helping the group’s total sales reach 51.8 billion – an increase of 11.1 per cent over the 2006/7’s figures.

It saw UK non-food sales rise 8.7 per cent on the same period last year, reaching 8.3 billion – boosted in part by the continued growth of Tesco Direct.

Laptops in particular performed well, which combined with flat screen television and digital camera increases drove a 31 per cent sales growth over 2007. Tesco added that it intends to increase sales of non-food items to be on par with those of its food operation.

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