date:Jan 10, 2014
ng improved in Europe but remained difficult in Asia.
We continued to invest in the most compelling offer for the tens of millions of customers who chose to shop with us this Christmas, but further weakness in the grocery market as a whole continued to impact our performance in the UK, Chief Executive Philip Clarke said.
Though Britain's economy is improving, major grocers are finding the going tough despite their focus on essential goods, as consumers' disposable incomes remain under pressure