Tesco news and archive

Tesco clothing sales increase 4.4 percent during Christmas trading period

Tesco PLC has reported a resilient performance in its Home & Clothing division during the critical third-quarter and Christmas trading periods of 2025/26. Defying a broader market trend where rivals saw significant declines in discretionary spending, Tesco’s Home & Clothing like-for-like (LFL) sales grew by 2.1 percent over the 19-week period....

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Tesco launches on New York’s OTCQX

Supermarket giant Tesco has broadened its reach to US investors by listing on New York’s OTCQX Best Market. The company, which can be found under the symbols ‘TSCDY’ and ‘TSCFD’, has been upgraded from the Pink Limited Market. By listing on this platform, Tesco joins a number of UK-based companies seeking to provide “transparent trading” for US...

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Tesco's F&F online launch boosts clothing sales and online presence

Tesco, the leading UK retailer, reported a strong first-half performance, with Group like-for-like (LFL) sales up 4.3 percent and UK LFL sales up 4.9 percent, driven by market share gains and strategic investments in value. Adjusted diluted EPS rose 6.8 percent to 15.43p, driven by higher Group adjusted operating profit and the benefit of the...

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Tesco's F&F clothing brand launches online after strong Q1

Tesco announced strong performance across its operations for the first quarter of fiscal 2025, with notable growth in its non-food and clothing segments. Total sales for the quarter of 16.4 billion pounds, increased by 5.5 percent. In the UK, Tesco experienced significant momentum in non-food categories. Non-food sales, excluding toys, increased...

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Ashwin Prasad appointed Tesco UK CEO as Matthew Barnes departs

Tesco today revealed a series of changes to its executive team, signalling a strategic shift as the company aims to build on its current market success. Matthew Barnes, the current UK CEO, has decided to step down from his role to pursue other opportunities, with his departure effective from June 30, 2025. Taking over the helm of Tesco UK will...

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Tesco launches F&F online

Supermarket store Tesco has launched its clothing range F&F online to meet the “growing demand from customers” and make it “even easier and more convenient to shop”. The move will see a curated selection of F&F collections available online, through its website and Grocery and Clubcard App, including women's, men's and kids' clothing, footwear...

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Tesco prepares for online F&F launch as annual sales grow

Supermarket giant Tesco has revealed that it plans to carry out an online launch of its clothing brand F&F in the coming year. The news comes as the retailer posted its preliminary results for the fiscal year 24/25, during which time it welcomed a growth in group sales. For the period, overall sales, excluding fuel and VAT, rose to 63.63 million...

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Tesco names H&M veteran as MD for home and clothing

Supermarket giant Tesco has appointed Katja Ahola Klamkin as its new group managing director for home and clothing. She succeeds Jan Marchant, who is exiting the company after almost 20 years. Klamkin joins Tesco from H&M, where she has held roles of increasing responsibility over the course of 27 years. She had first joined the fast fashion...

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Tesco to axe 400 jobs in efforts to simplify business

Supermarket giant Tesco has revealed plans to cut around 400 jobs as it looks to “simplify” its business model. Speaking to multiple media outlets, the retailer said that it was exploring “more efficient ways of working” to keep up with increased competition within the UK grocery sector. Those to be impacted are among the company’s bakeries,...

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Tesco sales up over Q3 and Christmas, growth in clothing

Supermarket giant Tesco welcomed positive performance over Q3 and Christmas, covering the 19 weeks to 4 January 2025, reporting an increase in like-for-like sales during both periods. In the UK and Republic of Ireland, sales rose 3.1 percent, while for Central Europe, they were up 3.5 percent. Overarching retail sales increased 3.1 percent,...

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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...

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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...