UK - Tesco scrap plans to open 100 new stores after profits slump 50%
date:Apr 19, 2013
huge market share now makes it look less like an unstoppable juggernaut and more like a massive tanker that's hard to manoeuvre quickly or easily.

Mr Clarke said: The announcements made today are natural consequences of the strategic changes we first began over a year ago and which conclude today. With profound and rapid change in the way consumers live their lives, our objective is to be the best multichannel retailer for customers.

A 804m write-down in the UK property portfolio comes after
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