Tesco, it would appear, really is a basket case. The struggling UK supermarket giant has admitted that it overstated first half trading profit by £250m, nearly a quarter of the supposed figure of £1.1bn. It blames this on “accelerated recognition ...
Read More »Tesco’s US marketing scapegoat Tim Mason was actually needed to solve problems at home
Chief executive Philip Clarke’s ruthless dispatch of his number two, Tim Mason (left), is a final reminder – if any were needed – that the past is another country, so far as Tesco is concerned. They did things differently there; ...
Read More »Tesco to dump failed US venture Fresh & Easy
All companies make mistakes at some point and Fresh & Easy was a massive one for Tesco. So now Tesco is to close or offload (if it’s lucky) its West Coast convenience store venture: not just putting the patient out ...
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