Tesco Ireland Sees Sales Decline 6.3% Over Full Year
Tesco’s Irish business saw a decline in sales of 6.3% last year, according to the retailer’s full year 2014/15 results, issued this morning.
The retailer posted four quarterly periods of decline over the financial year, with a 5.5% decline in Q1, a 7.3% decline in Q2, a 6.2% decline in Q3 and a 6.3% decline in Q4.
The period covers the year to 28 February 2015.
Tesco operated a total of 149 stores in Ireland at year-end, an increase of 3 year-on-year.
Tesco Ireland’s performance follows on from a full-year decline of 5.5% in 2013/2014.
Its UK business saw a 58% decline in trading profit to £1.39 billion, roughly in line with analysts’ expectations.
© 2015 - Checkout Magazine by Stephen Wynne-Jones