Tesco may never achieve its former greatness

Retailer is tackling problems on several fronts

It dominated British food retailing for two decades. It built a multitude of store formats in virtually every corner of the British Isles. Where shoppers were, Tesco was.

It expanded into 12 countries across Asia and Europe, achieving market leadership in Malaysia, Ireland, Hungary and Thailand. It remains the market leader in its British home market, but its market share has come down from over 33 per cent to 28 per cent over ...