Tesco news and archive

Tesco clothing sales up as category continues to grow

British supermarket giant Tesco has reported a “strong performance” for its clothing category, which it said had helped boost its Home and Clothing division where sales rose 0.3 percent. This was revealed in the company’s latest interim report for the financial year 2024/25, when volume growth and market share gains were notably highlighted by...

Business

Tesco introduces ‘digital passports’ for clothing ahead of EU crackdown

British supermarket giant Tesco is believed to have introduced “digital passports” for its clothing range in response to an incoming EU crackdown on sustainability that is set to come into play over the next few years. According to a report by The Telegraph, the retailer has applied the tool to each item in its F&F fashion range, providing...

Fashion

In The Style establishes partnership with Tesco’s F&F brand

Fast fashion retailer In The Style (ITS) has announced a new partnership with F&F, the clothing brand of supermarket giant Tesco. Through the deal, the duo will release a collaborative collection set to launch on the ITS app and in 300 nationwide Tesco stores from June 20. Among the 22 piece collection will be a range of seasonal summer looks...

Report

Clothing drives non-food sales for Tesco’s Q1

British supermarket giant Tesco has reported its financials for the 13 weeks ended May 25, 2024, in which it saw its like-for-like sales rise 3.6 percent across the UK and ROI to 14.3 million pounds. While food sales continued to be the core driver for its overarching performance, with a quarterly growth of 5 percent, in the non-food category,...

Report

Tesco ups FY profit outlook, but Home and Clothing sales fall in H1

British supermarket giant Tesco has upped its full-year profit guidance after reporting a robust first half of the year, despite sales at its Home and Clothing division declining. The retailer reported a 8.9 percent increase in group revenue in the six months to August 26, reaching 30.7 billion pounds. That came as its profit surged to 929...

RetailFeatured

Project Pegasus: John Lewis and Next among those joining crackdown on shoplifting

As the UK continues to battle on through its cost-of-living crisis, an increasingly prominent offset of the financial crunch has become front of mind for many retailers in the region. Shoplifting and retail theft is up 27 percent across 10 of the largest cities in the UK, according to the British Retail Consortium (BRC), which had been calling...

Report

Gerry Murphy to join as Tesco board chairman in September

Burberry Group plc chairman Gerry Murphy has been appointed as chair of the Tesco PLC board of directors with effect from September 1, 2023. The company said in a release that Murphy will step down as chair of Tate & Lyle PLC on the same day. Upon Murphy’s appointment, Tesco added, Byron Grote will step down from his role as the company's...

Report

Tesco hails ‘early signs’ of easing inflation in Q1 trading report

Supermarket giant Tesco is celebrating the “encouraging early signs” of easing inflation in its Q1 trading report for 2023/24, in which it reported a UK and ROI like-for-like sales increase of 8.8 percent, hitting 13,790 million pounds. In Central Europe the retailer also saw an increase of 1.1 percent, taking its sales in the region to 1,044...

Report

Tesco FY clothing sales drop, but signs of recovery in Q4

Tesco saw a slight 1.2 percent drop in clothing sales in the year ended February 25, but said it saw a rebound in the fourth quarter as consumer demand returned. The British supermarket, which owns clothing brand F&F, said the drop in fashion sales mainly reflected the impact of trading over “exceptionally strong lockdown-linked demand” in the...

Fashion Featured

Frustration grows around supply chain audits and certifications

According to experts the certification system that's supposed to signify manufacturers’ compliance with labor standards is woefully inadequate and endlessly confusing. While the situation has improved since the 90s when the fashion industry was rocked by reports that Nike products were created in sweatshops with underage workers, the process...

Fashion Featured

Tesco faces lawsuit from low-paid factory workers sewing F&F jeans

Tesco is facing a lawsuit over allegations that jeans from its F&F fashion range were made under forced labour conditions. The supermarket giant, which retails jeans for 16 pounds, is being sued by 130 former workers from VK Garment Factury, a Thailand-based apparel manufacturer. Allegations include working 99-hour weeks for less than 4 pounds...

Report

Tesco posts increase in first half revenue and profit

Tesco plc has reported sales growth of 6.6 percent at actual rates, including a negative 0.2 percent foreign exchange translation impact due to the appreciation of sterling to 26.7 billion pounds. Revenue growth was 6.8 percent at constant exchange rates. The company said in a statement that group operating profit before exceptional items and...