Tesco sales rise in competitive market



UK retail giant Tesco has re-ported a 13.9 per cent rise in Q3 sales, reflecting its slowest growth for two years.
The company said its sales growth was largely driven by a push into sales of non-food items. Comp sales rose by 5.5 per cent, falling short of analysts’ expectations for the quarter.
Tesco has cut prices and diversified into non-food areas in a bid to stay ahead of its rivals in an increasingly competitive supermarket sector.