Friday July 10, 2020

Austerity does little to help Tesco

A humiliating withdrawal from the US market and a sharp drop in profits made last week a terrible one for Tesco, writes Siobhán Brett.

20th April, 2013
Tesco: the globally small Irish market is an important one for the retailer, contributing 25 per cent of its total European sales. Photo: Photocall


Tesco is suffering in the Irish market as price-concious consumers flock to discounters to save money or avoid inflation. It was the only grocery multiple to lose out on market share in 12 weeks to mid-March


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