date:Feb 26, 2014
than two times.
Tesco, which makes about two thirds of its revenue in Britain, has suffered more than many rivals because it has more large stores and traditionally sold a higher proportion of large-ticket non-food items, such as domestic appliances, where shoppers cut back most in an economic downturn.
To address that, Clarke has refocused the company's non-food offer on higher-margin categories, such as clothing and homewares, though only about a third of its huge Extra stores have been refu