You are here: Home » Reuters » News
Business Standard

Tesco's Christmas tarnished by poor sales of DVDs and games

Reuters  |  LONDON 

By Paul SandleLONDON (Reuters) - Britain's biggest retailer Tesco missed forecasts for Christmas trading as strong food sales were undermined by weak demand for general goods such as DVDs and computer games.Market research this week had identified Tesco as a festive winner, but the supermarket group said a fall in general merchandise sales and the collapse of a key tobacco supplier cast a shadow over a record week of trading before Dec. 25.The company, which has a 28 percent share of the British grocery market, reported a 1.9 percent rise in like-for-like revenue in the six weeks to Jan. 6. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 15:01 IST