date:Jun 03, 2014
Wal-Mart and Carrefour.
The plan has absorbed billions of pounds of investment in store refits, staff, product ranges and online services, and abolished a profit margin target, which was the highest in the industry, but has so far failed to deliver an improvement in underlying sales.
Analysts are forecasting sales at Tesco's UK stores open for over a year, excluding fuel and value-added tax, will be down 3.5-4.1 percent for the 13 weeks to May 24, the company's fiscal first quarter.
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