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.
From Wales to Westminster, a confused and sometimes politically partisan response to the resurgent Covid-19 outbreak is threatening retail’s recovery .
Both Waitrose and the Co-op are set to cut prices on products by up to 15% this week as the supermarkets prepare to fight it out for customers in a value-dominated market.
Grocery giant Asda has opened a pilot “sustainability store” including product refill options, loose and unwrapped produce and a pledge that “customers will not pay more for greener options”.
Iceland has ramped up plans to offer a rapid grocery delivery service after registering the ‘Swift’ trademark with the Intellectual Property Office (IPO).
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