tesco sales news and archive

Tesco like-for-like sales growth slowdown

Tesco has reported a slowdown in like-for-like sales growth in the three months ended 26 May to 4.7 percent, down from 5.8 percent the previous quarter. The results fell below analysts' expectations of 5 to 5.5 percent. As a result, shares in the supermarket giant dropped 2.8 percent. The group attributed the dip to "more subdued markets"....

Fashion

Tesco To Concentrate On Clothing Offer

Sales at supermarket chain Tesco will get a boost as its clothing business is set to grow in the UK market. It has been estimated that clothing sales at Tesco are about 2 per cent of its total sales, leaving much room for growth and improvement. With revenues at GBP600 million, the developing clothing market for Tesco will be an important future...