Tesco discount ranges growing by 65%
Sales of Tesco’s discount and value ranges are up 65% year-over-year, and one in four shoppers now purchase these ranges. "Trade is becoming tougher," said Tesco CEO Terry Leahy. "With unemployment rising, and people concerned about their incomes falling, obviously the pressure is on price more than ever." Leahy urged suppliers to pass on lower commodity prices as quickly as possible, and once again called on the government to freeze business rates this year. "We want to ensure that all our suppliers understand this, which is why we are going to great lengths to talk to them about the new pressures that consumers are under."
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