Tesco UK Sales Decline 2.4% Over Christmas

Tesco is blaming "further weakness" in the UK grocery market for a fall in sales over Christmas.

The UK's biggest supermarket chain said sales at British stores open over a year, excluding fuel and VAT, fell 2.4% in the six weeks to January 4.

The company - led by chief executive Philip Clarke - is 21 months into a turnaround plan for its main UK business that has seen over £1bn invested in store revamps, more staff, new product ranges and pricing initiatives.

Mr Clarke confirmed the investment amid plunging sales and complaints it had taken its eye off the ball in the UK, focussing too heavily on its foreign operations.

Tesco said today that despite the fall in UK sales, it still expected to report full year results within the range of current market expectations.

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