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Tesco’s international non-food sales have risen 6.2 per cent to £13.1 billion, with electricals showing particularly strong growth.
In its results for the year to 27 February, the supermarket chain reported overall group sales of £62.5 billion, including £9 billion of UK non-food sales.
The group highlighted electricals as one of the categories to show especially good growth. According to Tesco, its electrical sales have doubled in the last four years, with 20 per cent of those purchases now made online. “We now sell one in every six microwaves in the UK and one in four small-screen TVs,” the group’s statement read.
“Our positions in international markets and non-food meant we faced strong headwinds when the downturn came but it will be these parts of our business which will grow fastest as the recovery strengthens,” said Tesco CEO Terry Leahy.
“Across all parts of our strategy – UK, International, Non-food, Services – our business is now stronger than it was before the recession. With leaner operations, improved market shares, strategic acquisitions performing well and a strong organic development programme, we’re well-placed for sustained profitable growth. And with the balance sheet strengthening, we have strong foundations in place for improving returns on capital going forward.”
