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09-01-2014, 09:36 AM
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Tesco's chief executive is under further pressure as the UK's biggest supermarket chain confirms its festive season performance.
[Tesco is blaming "further weakness" in the UK grocery market for a fall in sales over Christmas. The UK's biggest supermarket chain said sales at British stores open over a year, excluding fuel and VAT, fell 2.4% in the six weeks to January 4. The company - led by chief executive Philip Clarke - is 21 months into a turnaround plan for its main UK business that has seen over £1bn invested in store revamps, more staff, new product ranges and pricing initiatives.] http://news.sky.com/story/1192450/te...over-christmas Utter Bliss Last edited by arista; 09-01-2014 at 09:37 AM. |
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Tesco UK Sales Decline 2.4% Over Christmas
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