retail news in context, analysis with attitude

• Tesco is out with its first quarter financial results, saying that groups sales for the period were up 9.7 percent and that UK same store sales were up 4.3 percent. Analysts quoted in various stories about the results suggest that these are encouraging numbers coming after a period during which Tesco’s dominance in the UK has been challenged by smaller rivals, and suggest that Tesco’s strategic moves to emphasize value-driven products may moving the needle on sales.
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