date:Jun 04, 2013
reasons for the expected drop in first-quarter sales at Tesco, the world's third-biggest retailer after Wal-Mart (WMT.N) and Carrefour (CARR.PA), analysts said.
Tesco's shares, up 21 percent over the last year, were the biggest fallers on the blue-chip FTSE 100 index .FTSE, down 2.5 percent by 8:30 a.m. ET on Monday.
Britain's supermarkets, despite their focus on essential goods, have been hurt by the economic downturn and are battling for market share.
Tesco has been hit more than rivals, i