date:Jun 03, 2014
as the group has been losing market share in Britain. The UK grocery market is growing at its slowest rate for 11 years, as stagnant wages keep consumer spending in check. At the same time, the market is seeing rising competition from discount chains.
In common with Britain's three other leading grocers Wal-Marts Asda, Sainsbury's and Morrisons - Tesco has been squeezed between hard discounters Aldi and Lidl and Waitrose [JLP.UL] and Marks Spencer at the premium end.
It seems Tesco is stuck