date:Feb 26, 2014
't signal a need for a new strategy, simply to go faster, Clarke said.
He effectively abandoned Tesco's target for a UK operating margin of 5.2 percent, the highest in the industry, by saying the margin will be what the margin will be.
At a later media briefing Chief Financial Officer Laurie McIlwee said the firm would not be giving a new target because of uncertainties in the grocery market due to more competition and structural changes.
If I was to give you a margin it would be a false sens