Tesco May Report Decline in Domestic Christmas Sales, FT Says

Tesco Plc (TSCO), the U.K.’s largest supermarket chain, may report a decline in domestic sales during the Christmas holiday, the Financial Times reported, citing JPMorgan Cazenove.

Sales at Tesco stores open at least a year may have dropped 1.5 percent in the six weeks through Jan.7, from a year earlier, the newspaper said, citing the broker.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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