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| 11/06/2012 |
Sales Fall Again For Tesco |
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Despite an increase in money-off coupons and a blitz on customer services, Tesco has reported another quarter of falling sales in the UK.
Analysts have described as “disappointing” the 1.5% declines in like-for-like sales, excluding petrol and VAT, in the 13 weeks to 26 May. This means Tesco's domestic chain have now posted a full year of falling sales.
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Clarke described the UK chain's performance as "steady" and improving "relative to the market", adding that it was still early days in the turnaround as “very little” of the £1bn had been spent.
(H/GK)
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