U.K. Grocery Sales Contract in January

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U.K. Grocery Sales Contract in January

02/01/2012

Grocery retail sales in the United Kingdom grew at a slower pace during the 12 weeks ended January 22, when sales rose 4.2 percent from the year-ago period, than during the 12 weeks ended Dec. 25, 2011, when sales climbed 4.8 percent from the prior-year period, Reuters said. Tesco lost market share as its sales growth slowed to 2.1 percent in the 12 weeks ended Jan. 22.

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