Tesco has unveiled a jump in sales for the first half of the year amid an online shopping boost and raised its annual profit outlook, despite cautioning that economic uncertainty was weighing on consumer confidence.
What happened
Tesco said sales, excluding fuel and VAT, totalled £33.8 billion for the 26 weeks to August 29, up 1% compared like-for-like with the same period last year, and 1.5% higher in the UK alone.
Why it matters
Online sales surged by 8.4% in the UK over the reporting period, which saw Tesco successfully relaunch its F&F clothing offer online.
Last month, outside the scope of the reporting period, Tesco launched a dedicated F&F clothing website and app, featuring a refreshed look and functionality, including product videos. Ken Murphy, Chief Executive of Tesco, said that the retailer's new F&F website is helping "even more customers discover and shop our full range of clothing."
The company said that it had overall also continued its strategic repositioning of its Clothing and Home offer and had further elevated its F&F Clothing quality and style. It also highlighted that its ranges were driving further growth in full-price and planned-event sales.
This news brief is based on reporting published by TheIndustry.fashion on 2026-10-08. The original report is linked below.
TheIndustry.fashion
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