Tesco sees UK LFL sales down, US business strong

Tesco, the FTSE 100 retailing giant, has seen like-for-like sales drop in its UK stores by 0.9% in the third quarter compared to the equivalent period of 2010. The figure excludes income from VAT and Petrol but is in line with the performance during the second quarter.

Tesco, the FTSE 100 retailing giant, has seen like-for-like sales drop in its UK stores by 0.9% in the third quarter compared to the equivalent period of 2010. The figure excludes income from VAT and Petrol but is in line with the performance during the second quarter.

This figure comes despite the group's Big Price Drop campaign which has seen significant discounting.

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