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Dave Lewis leaving Tesco in a “position of strength”
Tesco, Britain’s biggest retailer, announced on Wednesday its chief executive Dave Lewis will step down next summer and will be succeeded by Ken Murphy, …
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Tesco and Carrefour Inks Strategic Alliance To Cut Prices
The UK-based Tesco Plc announced to form a strategic alliance with France-based Carrefour SA to survive in the competitive environment of the retail market. …
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Sales in UK make Tesco dizzy while global performance disappoints
There are gloomy days behind retail giant Tesco Plc and there are dismal days ahead of it as the company saw its sales slump around 1 percent on a like-for-like basis in the quarter ended May 25. But not only UK sales made Tesco dizzy as it had to face facts that its world expansion was undeniably challenged as well. With the ongoing £1 billion turnaround plan, Tesco Plc has to get a grip on itself if it wants to see changes.
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Aldi and Lidl Topped Annual Survey While Tesco Ranked Lowest
Supermarket chains Aldi and Lidl topped the annual supermarket survey as they were voted second and third most favorite while rivals Morrisons and Sainsbury were left lagging behind. The survey, which was conducted among the UK’s nine biggest supermarkets, named Tesco as the least favorite supermarket.
