date:May 09, 2014
g left seriously behind by more innovative companies.
Global Retreat
After two decades of growth that saw the retailer expand into 13 countries and become one of the worlds biggest grocers, it has reined in its global reach under Clarke and exited two markets. At the same time, its dominance of the UK, where it collects about one in seven of every pounds spent in retail, is threatened by increasingly price-conscious Britons defecting to the discounters. Also gaining ground domestically has bee