Tesco’s like-for-like sales fell by 1.3% in the three months to 30 May, an improvement on the previous quarter and a “step in the right direction”, according to its chief executive.
Tesco’s travails look set to continue, as City analysts say it is preparing to announce further falling sales despite the millions it has spent on slashing prices.
The brand value of discount supermarket Aldi is now higher than Tesco after the UK’s largest retailer experienced a dramatic fall from market dominance.
Tesco has launched its first own-label “Bottled Conditioned” Golden Ale, which will be accompanied by Camra design cues on shelf.
A new market report shows that discounters and even traditional markets and local shops are continuing to take market share away from the four big UK supermarkets.
Tesco, the UK’s largest supermarket, has posted the worst financial results in its century-long history, with £6.38 billion of pre-tax losses in the year to February 28.
UK retailer Tesco will this week announce the biggest losses in its 96-year history, as the company struggles to find its feet after last year’s profit scandal.
Tesco has confirmed that James Davis MW is to join its BWS team amid a shake up that will see the departure of a number of “well-known” faces.
Sales of single serve bottles of wine are soaring at UK supermarkets due to a consumer desire to control their weekly unit intake and avoid wastage.
Dan Jago is to return to Tesco in a new role following his suspension as its head of BWS amid a financial probe into a £263m “black hole” in the supermarket’s finances.
© 2015 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420