Retail
Tesco raises profit forecast as M&S reports record customers
Retailers announce strong Christmas trading with Tesco Ireland reporting sales of €1.3 billion in the 19 weeks to January 6, up 7.5 per cent year-on-year
Tesco has said profits for the year are now set to be bigger than previous targets after bumper sales over the key Christmas period.
The news comes as Marks & Spencer said it starts 2024 with a “spring in our step” after sales jumped over Christmas and its food halls saw a record number of shoppers.
Tesco said like-for-like retail sales across the group rose by 6 per cent over the six weeks to January ...