UK - Tesco scrap plans to open 100 new stores after profits slump 50%
date:Apr 19, 2013
UK stores in the past three months, excluding fuel and VAT sales tax, rose 0.5%, a slowdown from growth of 1.8% in the six weeks to 5 January when the company hailed strong Christmas trading.

The world's third-largest supermarket group, which reported a shock profit warning in January last year, has been restructuring under chief executive Philip Clarke.

As well as the US withdrawal, Tesco is exiting Japan and said it would take a more measured approach to our growth in China.


In the UK its
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