date:Feb 26, 2014
BOLDER AND BRAVER
Tesco is 22 months into the turnaround program for its 3,150 British stores, having already spent more than 1 billion pounds on refits, more staff and new product ranges, yet underlying sales at stores open over a year fell 2.4 percent in the Christmas period and, according to monthly industry data, have continued to fall.
Shares in Tesco, down 10 percent over the past year, were little changed by the close, finishing up 0.5 percent at 335.7 pence, valuing the business at a