Tesco Fails To Convince As The Nation's 'Largest Discounter'

The UK's largest retailer Tesco has posted lacklustre domestic sales figures for the three months to November 22. Over the period, the firms like-for-like UK sales excluding fuel increased by just 2%, which compares with growth of 4% in the previous quarter and average growth of 3.9% in the last fiscal year. This slowdown has generally been attributed to the growing popularity of discount stores but with other major supermarkets reporting more impressive sales figures an argument can be made that Tesco's growing international operation has led to the firm neglecting what remains by far its most important

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