date:Jun 30, 2014
. Tescos shares have dropped about 30 percent since he took the helm three years ago and are close to a 10-year low. The CEO said earlier this month hes not ready to pledge an improvement in revenue growth after reporting the sharpest drop in U.K. sales in at least four decades.
Britains shoppers, who account for about two-thirds of Tescos sales and profits, are defecting to Aldi and Lidl, German discounters wooing customers with lower prices and fewer frills. Mainline competitors including Wal