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Tesco sees slight improvement in sales

Tesco has reported a slight improvement in its UK like-for-like sales performance for the three months to the end of May this year.

 

Sales were down by 1.3% compared with a fall of 4% for the same time last year.

 

Group sales for the 13 weeks to 30 May 2015 declined by (0.5)% at constant rates, excluding fuel. At actual rates, sales declined by (1.0)% excluding fuel.

 

Chief executive Dave Lewis said: “We set out to serve our customers a little better every day and the improvements we are making are starting to have an effect. We are fixing the fundamentals of shopping to win back customers and relying less on short-term couponing.

 

“Whilst the market is still challenging and volatility is likely to remain a feature of short-term performance, these first quarter results represent another step in the right direction.”

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Thunder: the full inverter reversible R290 heat pump from 40 to 85 kW

Thunder is the newest solution from Clivet, designed with full-inverter technology on latest-generation scroll compressors and axial fans....

  24-Apr-2024

Extending the application range of the SEC HD - Electric Expansion Valve Controller Heavy Duty Series

The SEC-HD is now compatible with variety of applications using CO2, hydrocarbon, and HFC refrigerants. Users can select from a range of pressure transducers tailored to their specific application and market requirements.
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