Tesco sales buck the recession

Tesco - along with many other supermarket groups - reported growing sales recently. But that doesn't mean we're seeing the beginnings of a consumer recovery.

Tesco posted its best UK sales growth for two years this week. First quarter like-for-like sales jumped 4.3% at its British stores in the three months to the end of May as "shoppers forfeited foreign holidays to buy clothes, electricals, garden and camping equipment", according to finance director Laurie McIlwee.

A relaunched Clubcard and a solid performance from its new discount range also helped. The retailer's international sales, buoyed by a weak pound, rose an impressive 20% for the quarter.

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