Tesco sees signs of changing shopper behaviour as inflation bites

Tesco

The grocery giant said like-for-like sales slipped 1.5% year on year to £9.88bn in its core domestic market over the first quarter, but that it increased market share by 37bps, “outperforming on both value and volume”.

Tesco said year-on-year performance was “impacted by annualisation of lockdown last year, most notably in general merchandise, clothing and online, partially offset by inflation”.

 

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