Tesco boss Dave Lewis outlined a plan last year to turn around the grocer, which reported a £6.38bn loss today. We look at the progress made.
Tesco boss Dave Lewis said the embattled grocer will “behave our way out” of trouble after reporting the biggest loss in its history today.
Bernstein’s European food retail senior analyst Bruno Monteyne spoke to Retail Week about the fallout from Tesco’s latest results.
Tesco has outlined plans to launch convenience stores stocked only with its Tesco Finest in a bid to increase profit targets.
Sainsbury’s has said that since February it has reduced prices on more than 1,000 of its own-brand products as it continues to invest “to offer the customers the best choice”.