date:Apr 15, 2013
Tesco, the world's third-largest retailer after Wal-Mart and Carrefour (CARR.PA), remains the market leader in Britain, which accounts for over 60 percent of group revenue and profit, but its grocery share has slipped to 29 percent from a peak of over 31 percent in 2007.
Its 3.6 million square meters (39 million square feet) of floor space still accounts for one in every 10 pounds spent in British shops, but it is switching from a space-hungry, expansionary business to one focused on making th