Tesco sales pick up after revamp

AOL Money Staff
Tesco shopping bags
Tesco shopping bags

There are signs that Tesco's recovery plan is beginning to gain traction after industry figures indicated an improving performance.

Britain's biggest grocer saw its market share slip slightly to 30.9% in the 12 weeks to August 5, researcher Kantar Worldpanel said, but its sales growth of 3.4% was significantly higher than the 0.7% a month ago, suggesting it is now starting to close the gap on its rivals.