Tesco upbeat despite new sales dip

TescoUnder-pressure grocer Tesco posted another UK sales decline but said its performance has been robust as it battles to revive its fortunes.

The UK's biggest retailer, which operates 2,800 stores, said like-for-like sales fell 1.5% in the 13 weeks to May 26, slightly better than the 1.6% decline in the previous quarter.
But the group said it gained share from its rivals in a declining grocery market, helped by the addition of 4,300 extra staff and the overhaul of 100 stores.

And it said it had enjoyed its best ever week outside of Christmas amid the Diamond Jubilee celebrations, with more than £1 billion of sales, but this was not included in the latest figures.

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