Christmas treats a winner for Tesco
Tesco has hailed its strongest Christmas performance in three years as recession-weary customers bought festive treats and its bumper voucher handout paid off.
The supermarket said like-for-like sales in the six weeks to January 9 grew 4.9%, excluding petrol and adjusted for the change in VAT.
It said its Finest range was a "real winner", growing 16%, while 35% more bottles of Champagne were sold than last year.
Tesco handed out around £100 million in extra loyalty vouchers before Christmas and the firm said around £40 million worth of those were redeemed.