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Tesco´s Recovery Plan PDF Print
Written by Andreas von der Heydt   
Sunday, 06 May 2012 20:15

Last week UK retailer Tesco, ranked number 3 in the world, reported a sales increase by +7.4% to 72 billion pounds. At the same time ist profit increased by 5.2% to almost 3.9 billion pounds.

Still ist CEO Phlip Clark acknowledged the problems the company is facing, mostly in ist British home market:

 


"Whilst our International business is delivering excellent growth, contributing £1.1 billion of profit to the Group, we fully recognise that we need to raise our game in the UK. As a result, we are committing over £1 billion to recruit more staff giving improved service in-store; refreshed stores that are better and easier places to shop; lower prices and even more value from an improved product range.“

Let´s wait and see if and when Tesco will be fully back on the success track which it has lost about 12 months ago as a result of severe under-investments.

Best regards,

Andreas von der Heydt
http://www.consumergoodsclub.com

 

 

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about cgc blog

CGC BlogsThis blog, which is the official blog of the Consumer Goods Club (CGC), is written by Andreas von der Heydt and other members of the club's moderating team.

The blog is reflecting the personal ideas, opinions and thoughts of the authors. They are not linked in any way with their jobs and/or work.

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