Tesco facing 'challenging' overseas markets

Tesco have suffered a setback in overseas sales figures. Credit: Reuters

Tesco reported a dip in sales in its international markets with underlying sales sharply lower in Thailand, South Korea and Ireland during the third quarter.

The supermarket giant said international conditions remained "challenging".

Like-for-like sales in Asia declined by 5.1 per cent while European figures revealed a like-for-like sales decrease of 4 per cent.

Read: Tesco sales fall down to 'weaker grocery market'

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Tesco reports 1.5% dip in sales

Tesco have announced sales fell by 1.5% for the 13 weeks to the end of November compared to the same period last year. Its chief executive has blamed "continuing pressures on household finances" for its struggling food sector.