Tesco Reports Dismal Christmas

The UK's largest supermarket, Tesco, which takes one in every eight pounds spent in UK shops, reported today it's worst Christmas since the last recession in the early 90's.

For the seven weeks to Jan. 10 Tesco reported a slim 2.5 percent rise in UK sales.

It's performance contrasts sharply with that of Aldi, who reported a total UK sales surge of more than 20% in December, as cash-strapped consumers traded down in the face of the credit crunch.