Tesco’s UK sales slide

Tesco’s UK sales fell in the first quarter as cautious customers continued to cut back on spending.


The supermarket reported like for like sales, excluding new store openings and petrol returns, dipped 0.1% in the thirteen weeks to 28 May.

The impact of high petrol prices on discretionary spending was blamed, “a drag on the industry and our own like for like growth”, adds chief executive Philip Clarke.

Including petrol income, like for like store sales grew 3.4% in the UK.

The sales reverse, though an improvement on the 0.7% drop registered in the fourth quarter, was worse than the 0.6% growth expected by analysts.

Clarke, who took over from Sir Terry Leahy as CEO earlier this year, recently announced a 7-point plan to boost growth. Measures include creating more brands and growing non-food sales.

The supermarket also plans to increase its use of social media to advance customer engagement.

Despite its UK woes, the company says like for like sales across the business grew 1.6%. Income was boosted by strong growth in the US and Asia and from a 19.9% bump at Tesco Bank.

Latest from Marketing Week

Influencers, consultancies and the recruitment crisis: The key topics of conversation at Cannes Lions

cannes lions

Cannes Lions 2018: Marketers turned out in force to advertising’s biggest annual event. But away from the usual talk of purpose and creativity, some big issues such as the recruitment crisis, how advertising responds to the #MeToo movement and cleaning up the influencer marketing space were discussed.


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here