Tesco reports small quarterly sales drop

26th June, 2015

Tesco reported the smallest quarterly sales decline in at least a year, providing another chink of light for chief executive Dave Lewis in his efforts to get Britons back shopping with the UK grocery leader.

Sales at UK stores open at least a year fell 1.3 per cent on a basis that excludes fuel and value-added tax, the Cheshunt-based company said. That compares with the previous quarter’s 1.7 per cent decline and the median of...

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