Summary
SUPERMARKET giant Tesco said that UK sales growth almost ground to a halt in the last three months, as the grocer wrestled with plunging food inflation.
The firm said UK like-for-like sales excluding petrol rose 1.1% in the three months to May 30 - but, adjusting for this year's higher rate of VAT sales, crawled just 0.1% higher. Sales stripping out petrol suffered because customers were paying around 30% more for fuel than a year ago and were shifting spending from other areas, the firm said.See the full content of this document
Extract
Retail Giant's Sales Growth Slows to a Snail's Pace
Tesco also blamed comparisons with particularly high foo...
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