Best bits: Little sign of challenges easing for Tesco
This coming March, Philip Clarke will have been Tesco CEO for three years. It has been a challenging period and, at least in the short term, there is unlikely to be any let up.
The challenges facing Tesco
Talking shop: Tesco faces “difficult decisions” at home and abroad
Tesco clearly has a lot on its plate. On the one hand, the UK's largest retailer is focused on transforming its domestic business through a capital intensive programme of store refurbishments and a potentially margin-dilutive drive online. On the other, the need to reverse overseas volume declines in order to shore-up international margins is pressing. CEO Philip Clarke is attempting to perform a complex balancing act. Katy Askew reports.
What the analysts say: Tesco’s weak performance leaves market divided
The disappointing third-quarter top-line performance reported this morning (4 December) by Tesco has left analysts divided over the group's strategy. Tesco has cut capital expenditure on new stores and is instead investing in refurbishments and multichannel growth. Management has insisted the strategy will simply take time to deliver results. But, with the clock ticking, another set of weak numbers has raised questions over whether Tesco's investment focus will pay off. Here is the view from the City.
UK: Tesco LFL sales decline continues
Tesco's sales came under increasing pressure in its third quarter, when the UK retailer again booked like-for-like declines at its businesses in the UK, Asia and Europe.
