date:Jan 10, 2014
Tesco, the world's third biggest retailer, posted another heavy drop in underlying sales in its main British market in the Christmas trading period, adding to pressure on management to end a run of poor results.
The firm, which trails France's Carrefour and U.S. No. 1 Wal-Mart in annual sales, is 21 months into a turnaround plan for its main UK business that has seen over 1 billion pounds ($1.65 billion) invested in store revamps, more staff, new product ranges and pricing initiatives.
Despite