Tesco sales continue to rise in third quarter

Tesco has reported a rise in group sales of 12.2 per cent for the third fiscal quarter.

UK sales were up 12.3 per cent for the 14 weeks to November 20, while like-for-likes, excluding petrol revenues, rose 7.5 per cent. The retailer said its market share of non-food increased over the period. Deflation also increased, as the supermarket invested further in prices cuts for its customers.

International operations also continued to grow for the retailer, with almost 50 per cent of stores planned to open outside the UK this financial year made ready to begin trading at the beginning of the fourth quarter. International sales grew by 11 per cent.

For related stories, click on the headlines below:

Tesco responds to phone shop beans jibe

Tesco sets a£2 billion global sourcing target

Tesco exec appointed Sainsbury's retail director

Tesco posts mammoth profits as M&S sales continue to slide