Tesco web sales hit £1bn

Oct 7, 2009 | Uncategorized

Tesco has seen its online sales up by 11% to £1bn during the first half of the year, as the supermarket giant plans to launch a new online clothing range.Profits at Tesco’s online retail business, which includes grocery sales and Tesco Direct, rose 21% to £58m. The number of customers using Tesco’s online grocery business […]

Tesco has seen its online sales up by 11% to £1bn during the first half of the year, as the supermarket giant plans to launch a new online clothing range.Profits at Tesco’s online retail business, which includes grocery sales and Tesco Direct, rose 21% to £58m. The number of customers using Tesco’s online grocery business grew to over one million during the first half of the year, Tesco said. Tesco direct, which retails non-food items over the internet and catalogues reported sales up 29%. The service delivers to customers homes or to 240 in-store Direct desks.
07/10/2009


The company plans to drive online sales with the launch of a clothing range from this month. Tesco said the new online range is designed to make it easier for customers who do not live near a large Tesco store to buy higher-value fashion lines via its website. The retailer has improved service levels and reported reduced numbers of lapsed customers and fewer calls to the service centre. Meanwhile, the supermarket’s financial services arm, Tesco Bank, saw profits up 11% to £221 on sales of £1.7bn. Tesco has signed an agreement with Fortis to build a platform to develop Tesco Bank’s insurance business and it has also selected the core technology platforms for its banking products.
www.tesco.com

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