Tesco Misses UK Holiday Season Target But Sees International Sales Grow by 27%
January 16th, 2008
Like-for-like sales for the six-week period ending January 5 were up 3.1% in the retailer’s UK home market, below estimates. The performance disappointed London analysts, leading one Tesco exec to fault them for adopting a “Little Englander” attitude. Although the retailer’s home market accounts for 75% of its annual sales, international sales have been growing and led the company to 13% sales gain during the holiday period. The Times of London The Wall Street Journal Subscription required. (Jan. 16, 2008)�
Tags: Holiday sales, Tesco