- 2 updates
Tesco has revealed its like-for like sales excluding both VAT and petrol decreased by 1% in the first quarter of the year.
However, the retailer said total sales including VAT and petrol grew by 0.1% and by 1.0% excluding petrol, despite a subdued market.
Chief executive Philip Clarke said: "Conditions outside the UK remain challenging and we have broadly maintained our performance from the fourth quarter of last year.
"Whilst we are not expecting economic conditions to improve in the near term, we have a customer-focused plan for the year in each of our markets which takes this into account".