Tesco Ireland

Supermarkets witnessed a price decline in July, the third month in a row, according to a survey by the Research Institute of Retail Consumer Goods (IELKA) at large chains.

The prices of products at supermarkets fell by an average of 1.56% compared to July 2023, while 13 of the 23 categories of supermarket products recorded a decrease in prices. 

Turkish retail chain Be?endik, which bought 12 stores of Europe's supermarket chain last year, plans to complete the acquisition of 10 Tesco Kipa stores in Turkey by the fourth quarter, as many foreign retail chains have left Turkey in recent years as they had difficulties competing with local players. 

Britain's biggest retailer, supermarket group Tesco, announced April 22 that it had plunged massively into the red last year as it took a hit on the value of its property.