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Both retailers saw strong trading during the festive period as higher prices boosted sales.
Image source, Getty Images
Tesco and Marks & Spencer both saw strong sales over Christmas as shoppers appeared to shrug off cost of living pressures during the festive season.
Tesco said like-for-like sales at its UK stores rose by 5.3% while M&S’s grew by 7.2%.
The UK’s largest supermarket said there had been strong demand for its budget items and evidence shoppers preferred to shop in-store rather than online.
Meanwhile, M&S said it had performed well across food, clothing and home.
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