date:Jun 30, 2014
Herro, chief investment officer at Chicago-based Harris Associates LP, which owns a stake in Tesco, said June 6 that Clarke needs another 18 months for a turnaround. The grocer cant beat discounters on price because they are privately held and less susceptible to shareholder pressure, he said.
Broadbent said today that the grocery landscape has changed dramatically as a sustained period of declining disposable income sent consumers to discounters, and as the Internet alters shopping methods. P