Trading results released over the last week by a number of UK supermarkets show that retail sales over the important Christmas period were robust in the UK. Tesco, Sainsbury’s and Morrison’s – three of the UK’s four largest supermarkets – all reported steady sales growth over Christmas.
Tesco, the UK’s largest supermarket, reported like-for-like sales growth of 2.1% in its UK stores for the 19-week period to 6 January. Encouragingly from an Irish perspective, food sales in Tesco’s UK stores led the growth with grocery sales increasing by 3.4% during the period, which is above the food inflation rate of 2.5%. Buoyed by strong consumer confidence in the Irish economy right now, Tesco said sales grew by 3.5% in its Irish stores.