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Tesco reports fall in UK sales | Tesco reports fall in UK sales |
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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. |