Tesco suffers worst sales slump in '40 years'
Britain's biggest retailer Tesco suffered its largest quarterly drop in sales for four decades, it said on Wednesday, hit by supermarket price wars and the rising popularity of German-owned discounters.
Tesco, the world's third biggest supermarket group, is facing fierce competition from Lidl and Aldi, as well as from traditional supermarket rivals comprising Wal-Mart division Asda, Sainsbury's, William Morrison and Waitrose.
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