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Star Bazaar's March Quarter 2016 LFL Growth Brings Joy To Tesco

July 5, 2016: 12:00 AM EST
Tesco India's joint venture with Trent, Star Bazaar, reported like-for-like sales grew about 5 percent in the March quarter of its fiscal year 2016. While this gives the UK retailer a piece of good news from its international operations, Star Bazaar's LFL growth was not much better than those of many local hypermarket chains. In the UK, Tesco reported an LFL growth of 0.9 percent in the fourth quarter of fiscal year 2016, 4.1 percent in Europe, and 3.5 percent in Asia.
Raghavendra Kamath , "India a bright spot for Tesco", Business Standard, July 05, 2016, © Business Standard Private Ltd.
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