Tesco says UK 3rd quarter like-for-like sales up 2%

Updated Wednesday, December 3, 2008 11:15 am TWN, Reuters

Tesco says UK 3rd quarter like-for-like sales up 2%

LONDON -- Tesco Plc, Britain’s biggest retailer, posted a 2.0 percent rise in underlying third-quarter UK sales and said new “Discounter” products had drawn an extra 300,000 customers a week to its UK stores.

“By giving customers more affordable choices, we have deflated our sales during the quarter by between two and three percentage points,” Tesco said in a statement on Tuesday.

Subscribe to The China Post and save. Click here

Share

Print

Email

Company Focus Breaking News

Updated Thursday, January 8, 2009 4:21 pm TWN
▪	Ssangyong board gathers amid strike threat
▪	SMIC shares jump on report about Intel talks
▪	CBS to reduce capital spending to US$350 mill.
▪	MagnaChip may file for bankruptcy after slump
▪	Marks & Spencer will axe 1,230 jobs, close 27 stores

Most Read

▪	Foreign trade plunges over 40% in Dec.
▪	CBC cuts rates to boost exports
▪	Rockets fired from Lebanon into Israel
▪	Germany adds to global job woes after Alcoa cuts
▪	Desktop PCs face obsolescence