Tesco continue to to flourish despite the global economic crisis as they announced pre-tax profits of £3.176bn for 2009, up 10% on the previous year. Some interesting information from the news:- International sales account fro £17.5bn of its £56.9bn annual revenue.
- It plans to create 16,000 jobs this year, 9,000 in the UK.
- It expects non-food and international sales to grow fastest in the recovery.
- Toy sales were up 25% - helped by the clothes like Woolworths closing down.
- Sales of clothes reached £1bn for the first time.
- Tesco finance profits were up 13% at £250m
It also said it had been getting round the disruption caused by flights being grounded by getting their Kenyan suppliers to fly fruit and flowers to Spain and picking them up by truck to transport to the UK.
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