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Reuters
Published
Feb 28, 2011
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Tesco to cut prices on more than 1,000 products

By
Reuters
Published
Feb 28, 2011

Feb 27 - Tesco, Britain's biggest retailer, is to launch a 200 million pound ($322.4 million) campaign to lower prices on some products, starting Monday.

Tesco
Tesco superstore in Clapham, London

"Tesco will lower prices on more than 1,000 everyday products across our stores - from rice and tea to bleach and washing powder," the company, also the world's No.3 retailer, said in a statement.

The price campaign comes just over a month after Tesco missed Christmas sales forecasts as winter weather hit purchases of non-food goods.

(Reporting by Adveith Nair. Editing by Jane Merriman)

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