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Tesco third-quarter update due this week

Analysts are awaiting the third-quarter update from retail giant Tesco this week with many forecasting that the company has turned the corner and is back on the upward trail after a difficult few months. However, confirmation that Tesco has recently forwarded 2010 discount vouchers to customers early, in order to catch the Christmas trade, has set some alarm bells ringing with a suggestion the company is trying to increase current trade ahead of the update.

The problem at the moment is the fact that the UK economy is still experiencing difficulties and analysts and experts will grab any positive or negative news and blow it out of all proportion. The truth is that by giving customers the chance to spend their February 2010 vouchers early they are giving customers exactly what they want. Let's not forget that Tesco is in the retail game, a game which is focused upon customer needs and custom requirements throughout the year.

It is likely that the trading update from Tesco will prove a useful pointer for the sector in general and we can expect a flurry of comments from analysts and experts as the information is released into the public domain.

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