In a statement released today, Tesco reports market outperformance in food, clothing and general merchandise.
The company says it continues to make good progress in its ‘Joining Forces’ programme with Booker, with Booker lines now available in 70 Tesco stores. It opened a new Booker distribution centre in Hemel Hempstead in December, which is now serving the vast majority of its One Stop stores with fresh and frozen products.
Dave Lewis, chief executive, Tesco:
“As a team we have achieved a lot in the last 19 weeks. In the UK we delivered significant improvements in our competitive offer and this is reflected in a very strong Christmas performance which was ahead of the market.
In Central Europe, the reshaping of our business continues and we are confident of the outcome we envisaged. In Asia, negotiations with suppliers are concluding satisfactorily and we can see this in our simpler, clearer, more impactful offer for customers.
We have more to do everywhere but remain bang on track to deliver our plans for the year and as we enter our centenary we are in a strong position.”