Tesco may have missed an opportunity to champion shoppers, as its vow to invest £200M in price cuts annually may not be aggressive enough, according to a leading grocery analyst.
Britain’s biggest retailer Tesco has recovered from “the body blow” inflicted by the horsemeat crisis, while all the big four UK supermarkets were struggling to maintain their presence in “anaemic markets”, said city analyst Shore Capital.
Britain’s biggest retailer Tesco enjoyed a happier Christmas than Marks and Spencer, with sales up by nearly 2%, compared with sales down by the same amount at M&S.
Stabilising Tesco’s UK market share and achieving stable UK trading margins should be key goals for the retail giant, according to City analyst Shore Capital.
