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Tesco reports falling sales over key Christmas period

Supermarket group Tesco said on Thursday that sales slid around the all-important Christmas trading period, dealing a fresh blow to Britain's biggest retailer. Tesco said sales at stores open more than a year dropped by 3.2 percent in the six weeks to January 4 from the figure for the equivalent period one year earlier, as it continued to suffer from tough conditions at home and abroad. Sales across all of its stores dropped 1.6 percent in the reporting period, the company said in a trading statement.

Tesco reports falling sales over key Christmas period

Supermarket Tesco said on Thursday that group sales slid around the all-important Christmas trading period, dealing a fresh blow to Britain's biggest retailer. Tesco said sales at stores open more than a year dropped by 3.2 percent in the six weeks to January 4 from the figure for the equivalent period one year earlier, as it continued to suffer from tough conditions at home and abroad. Sales across all of its stores dropped 1.6 percent in the reporting period, the company said in a trading statement.

Poles urge Tesco boycott amid Cameron migration row

Polish lawmakers on Wednesday called for a boycott of Britain's Tesco supermarket chain amid a high-pitched British row over benefits for EU migrants. British Prime Minister David Cameron, reacting to public fears that central Europeans from poorer EU states could arrive to leach off Britain's welfare system, last month had migrants' access to unemployment benefits tightened. He recently floated the idea of ending benefit payments for children living in their home country while their parents work in Britain.

Poles urge Tesco boycott amid Cameron migration row

Polish lawmakers on Wednesday called for a boycott of Britain's Tesco supermarket chain amid a high-pitched British row over benefits for EU migrants. British Prime Minister David Cameron, reacting to public fears that central Europeans from poorer EU states could arrive to leach off Britain's welfare system, last month had migrants' access to unemployment benefits tightened. He recently floated the idea of ending benefit payments for children living in their home country while their parents work in Britain.

Tesco plans cautious India entry after arm-twisting by politicians

By Nandita Bose MUMBAI (Reuters) - It took months of arm-twisting and assurances from New Delhi to persuade British retailer Tesco Plc <TSCO.L> to take the plunge and become the first foreign player to set up a chain of supermarkets in India.

British retailer Tesco reports 1.5 pct drop in Q3 sales

LONDON, Dec. 4 (Xinhua) -- British retail giant Tesco said Wednesday its sales dropped by 1.5 percent year-on-year in the third quarter of this year blaming a weaker grocery market. Tesco said in a statement the decrease in sales was due to the effects of an unprecedented period of declining real incomes and a higher cost of living for consumers. It said the average spending power of a typical British household was around 10 percent below its 2007 peak in real term.

Tesco posts falling quarterly sales

British supermarket giant Tesco said on Wednesday that sales struggled in the third quarter of its financial year, as it continued to suffer from tough conditions at home and abroad. Total sales including petrol, and at constant exchange rates, slid 1.2 percent in the 13 weeks to November 23, compared with the outcome in the same period last year, Tesco said in a statement. Sales excluding petrol rose 0.6 percent.

Tesco's UK sales resume decline

LONDON (Reuters) - Tesco <TSCO.L>, the world's third-biggest retailer, fell back to an underlying sales decline in its main British market in its third quarter, raising new questions over its recovery strategy. The firm, which trails France's Carrefour <CARR.PA> and United States number one Wal-Mart <WMT.N> in annual sales, is 20 months into a turnaround plan for its main UK business that has seen over 1 billion pounds ($1.64 billion) invested in store revamps, more staff, new product ranges and pricing initiatives.

Tesco to scan UK shoppers for targeted advertising

LONDON (Reuters) - Tesco <TSCO.L>, the world's third largest retailer, is to install hi-tech screens at its petrol forecourt stores in Britain that scan queuing shoppers so the firm can tailor advertising to them. A deal with Amscreen, owned by entrepreneur and television personality Alan Sugar, will see the "OptimEyes" system rolled out to 450 Tesco petrol forecourts in Britain.

Britain's Tesco to scan shoppers' faces

Britain's biggest retailer Tesco is to install screens at its petrol stations that scan customers' faces so that advertising can be tailored to their age and gender. The world's third biggest supermarket chain will install the hi-tech screens at the tills of its 450 British petrol stations, according to Amscreen, the digital advertising firm that developed the technology. Amscreen chief executive Simon Sugar admitted that the devices were "like something out of 'Minority Report'", the 2002 sci-fi movie directed by Steven Spielberg.
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