UK grocers report tough Christmas Archives - Just Food
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UK grocers report tough Christmas

What the analysts say: Tesco again faces questions in City

What the analysts say: Tesco again faces questions in City

Tesco this morning (9 January) revealed a disappointing drop in like-for-like sales over Christmas and New Year. The retailer attributed the decline in sales to "further weakness in the UK grocery market" and having a "tougher comparative" versus last year. The results had a negative impact on share recommendations, although some analysts highlighted areas for optimism, including Tesco's work online.