date:Apr 15, 2013
e most of existing stores, improving returns on investment and better cash generation.
In January, Clarke said Tesco was back on form in Britain, with underlying sales growth of 1.8 percent for the six weeks to January 5, its highest in three years.
Though it has stepped up investment in existing British stores and online, overall group capital expenditure is falling, coming down from 3.8 billion pounds in 2011-12 to 3.3 billion in 2012-13. The key driver of this is 38 percent less space openi