Record-Breaker Tesco's Sales Boom As It Outstrips Rivals

Evening Standard - London › April 12, 2005

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Summary

TESCO today reinforced its dominance over the British retail sector as it produced record profits, in stark contrast to its struggling High Street rival Marks Spencer, where sales have continued to slide.

Today's 20% leap in profits at Tesco takes the figure to Pounds 2.03 billion - making it the first British retailer to break through the Pounds 2 billion barrier.

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Extract

Record-Breaker Tesco's Sales Boom As It Outstrips Rivals

Chief executive Sir Terry Leahy said: "The results again demonstrate the broad appeal of the Tesco brand. They also show that our new growth businesses - in global, in non-food and in service...

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