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Tesco on course to create 9,000 jobs as sales grow


Britain’s number one supermarket Tesco says it is still on target to create 9,000 new jobs in the UK following strong sales figures for the 13 weeks to November 27th.

The addition of new stores during the third quarter has helped boost trading activity, while like-for-like (LFL) sales were up 1.5 per cent and total sales grew five per cent compared to the same period 12 months ago.

More outlets are set to open in Q4, adding to those which opened in destinations such as Bishop Auckland, Nottingham Beeston and Accrington in Q3.

Non-food sales growth at Tesco also increased compared with Q2, with Tesco Direct reporting a particularly impressive 30 per cent rise in sales.

It is outside of the UK where the main expansion opportunities lie, however, with LFL sales in the US, Asia and Europe rising 9.8, 4.3 and 3.6 per cent respectively - equating to a 15.7 per cent increase in international trading as a whole.

Tesco CEO Sir Terry Leahy, who is standing down from his position next spring, was positive about the retailer’s progress during the three months.

In an interim management statement today, he said: “Our continued investment in the shopping trip and our new space opening programme across our markets are giving us good sales momentum and market share gains.

“As the global economic recovery gathers pace, our broad-based strategy, combined with our ongoing focus on productivity savings, is enabling us to maintain growth in a sustainable, profitable way - delivering value for customers and for shareholders.”

Published on Tuesday 07 December by Editorial Assistant

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