Tesco is expected to post like-for-like sales growth of around 3% in its third-quarter update tomorrow.
Analysts expect growth to remain at around the same 3.1% rate reported for the previous quarter – and well behind the latest figures posted by its big four rivals.
Morrisons recently unveiled growth of 4.3%, with Sainsbury’s and Asda notching up increases of 5.4% and 5.6% respectively.
Falling food price inflation is starting to reduce like-for-like sales growth at the major retailers, as Marc Bolland explained in his final update to Morrisons shareholders.
Tesco has been fighting back against its falling market share with aggressive advertising and promotion, plus the early release of £100m of Clubcard points.
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