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Tesco Steps Up Challenge To Rivals With New Price Cuts

Published on Jun 15 2018 9:30 AM in Retail tagged: Trending Posts / UK / Tesco / Financial Results

Tesco Steps Up Challenge To Rivals With New Price Cuts

Tesco said a drive to lower prices for customers had boosted its quarterly sales, in an ominous warning for rivals three years after Britain's biggest retailer embarked on a turnaround programme.

Tesco, which was forced to rebuild after a 2014 accounting scandal capped a downturn in trading, said a move to lower prices on fresh food brands towards the end of its first quarter reflected a growing confidence in its performance.

Sales In Line With Forecasts

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