UK: Tesco; beware the Wal-Mart effect (COMMENT)
By: Datamonitor | 13 April 2005
Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. However, Tesco should beware the pitfalls of high street omnipotency - consumers' perception that it has grown too powerful could damage its image in future.
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Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. However, Tesco should beware the pitfalls of high street omnipotency - consumers' perception that it has grown too powerful could damage its image in future.
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