Tesco reports dip in sales

Third quarter sales at the Irish division of international supermarket giant, Tesco, fell by 0.3% on a like-for-like basis; after having seen two consecutive quarters of growth.

The British group,yesterday, reported a mixed third quarter performance covering the three months to the end of November with like-for- like group sales up by 2.4%, but down by 0.6% in its core UK business, which showed disappointing returns from some elements, despite a £1 billion recovery plan in operation there.

Tesco has also hinted at plans to pull out of the US — where it employs 5,000 staff over 200 stores trading under the ‘Fresh & Easy’ brand.