Tesco reports new dip in sales

Tesco reports new dip in sales

Tesco’s recovery plans in the UK received a setback today as the supermarket chain reported a fresh dip in quarterly sales.

Chief executive Philip Clarke, who is overseeing a £1bn (€1.2bn) plan to refresh the business, said the 1.5% decline on a like-for-like basis was in line with weaker growth across the whole market.

The group is also facing challenging conditions in its international markets, with underlying sales sharply lower in Thailand, South Korea and Ireland during the quarter to November 23.

More in this Section

Stormont agriculture minister: UK Government may have to help NI farmersStormont agriculture minister: UK Government may have to help NI farmers

Irish brands 'could lose 14% of value' due to virus spreadIrish brands 'could lose 14% of value' due to virus spread

Google pays £44m in UK corporation tax and hands £1bn to staff, accounts showGoogle pays £44m in UK corporation tax and hands £1bn to staff, accounts show

WhatsApp limits message forwarding to slow the spread of coronavirus misinformationWhatsApp limits message forwarding to slow the spread of coronavirus misinformation


Lifestyle

As online retailers report record sales in loungewear, classic cuffed sweatpants have become a hot ticket item. Already a go-to look for off-duty celebs, the humble sweatsuit cemented its status when Tom Ford showed 80s-inspired grey marl sportswear pieces in his autumn winter collection earlier this year.Fashion: don't sweat it!

Seeking inspiration for all that extra time at home? Use it to discover the art of cooking and baking with your children.Fun & Food: The family that cooks together...

W E DON’T have a large amount of activities to do right now. So why not get a larger mount? If those opening lines give you a headache, don’t worry — at least you weren’t hit on the head with a mace.GameTech: Bannerlord flies the flag for escapism

Our window on the world opens wide for tonight.Homes from Mayo, Tyrone and Cork tonight on RTÉ series Home of the Year

More From The Irish Examiner