Wednesday, April 9, 2008

Woolworths feels sting in the retail

Two very different snapshots of current trading conditions from two very familiar British retailers, Tesco and Woolworths, emerged today, writes Charlotte Moore.

Other retailers have been squealing about the impact of the recent slowdown in consumer spending but Tesco remains icily immune from such despair. Its sales, in the most recent quarter, rose by 4.5% reflecting strong growth in its international sales and steady growth in the UK.

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