Retail

Tesco Ireland Sees Sales Decline 6.3% Over Full Year

By Steve Wynne-Jones
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.

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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

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