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Tesco reports fall in UK sales Tesco reports fall in UK sales
(35 minutes later)
Supermarket giant Tesco has reported a fall in UK sales over the past three months.Supermarket giant Tesco has reported a fall in UK sales over the past three months.
Like-for-like sales, excluding petrol and VAT, dropped by 1% during the 13 weeks ending 25 May 2013.Like-for-like sales, excluding petrol and VAT, dropped by 1% during the 13 weeks ending 25 May 2013.
The supermarket is undertaking a programme of store refurbishments and is planning to refit almost 70 of its larger outlets.The supermarket is undertaking a programme of store refurbishments and is planning to refit almost 70 of its larger outlets.
"We have broadly maintained our performance from the fourth quarter of last year," Tesco said."We have broadly maintained our performance from the fourth quarter of last year," Tesco said.
Tesco says that online food shopping is the fastest growing part of its business, and the retailer now has 169 grocery collection points across its UK stores.
"Our plan is a long term project" chief executive Philip Clarke told BBC Radio 4's Today programme.
"We're not helped by the huge changes we're making to general merchandise, which is all about changing the space and the ranges for the future."
"We have dramatically reduced our ambitions to grow big stores," added Mr Clarke.