date:Jul 30, 2014
Tesco experienced a massive 3.8 per cent decline in sales for the 12 weeks ending July 20, according to Kantar Worldpanel data. The decline is the worst in two decades, since comparable records began in 1994.
It again lost more of its UK market share, with a decrease of 1.4 per cent to 28.9 per cent. This is sure to put an increased amount of pressure on incoming CEO Dave Lewis.
The Tesco results were the worst in the UK grocery sector, with even Morrisons doing slightly better than Tesco. Whi