date:Feb 26, 2014
e of precision. We need the space to operate, we don't want to be backed into a corner, he said.
While not signaling a return to the pile 'em high, sell 'em cheap mantra of Tesco founder Joseph Cohen, sacrificing the target signals that Tesco will make less profit from its revenue as it chases higher sales volumes with lower prices.
In common with Britain's three other leading grocers - Wal-Mart's Asda (WMT.N), Sainsbury's (SBRY.L) and Morrisons (MRW.L) - Tesco is being squeezed between the ha