Tesco reported a fall in full-year profits today. Here, chief executive Philip Clarke talks about the results.
Tesco chief executive Philip Clarke on the grocer's full-year results
Tesco has reported a 6% drop in annual group trading profit as boss Philip Clarke warned that the trading environment is changing rapidly. Retail-week.com summarises the analyst reaction.
Tesco’s group trading profit plunged 6% to £3.3bn last year and boss Philip Clarke warned that the trading environment is changing rapidly.
The UK economy shrank during the first three months of 2021 as lockdown measures hindered the country’s recovery.
Without doubt, there is a period of opportunity to act and address the challenges that we face from the devastating economic and social impacts of the coronavirus pandemic.
Morrisons has posted an uptick in sales as it looks forward to “a year of meaningful profit growth”.
Pret a Manger will open four new shops inside Tesco stores starting with a concession in the Kensington, London superstore in June.
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