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Price cuts no quick cure for Tesco's ills

Winning back market share will take years, analysts say, citing slowing grocery market and price war

Published Thu, Oct 9, 2014 · 09:50 PM
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London

CHEAPER meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share.

Customers seeking to save money in a sluggish economy have turned away from the market leader to discounters such as Aldi and Lidl, igniting a price war in British grocery shopping and contributing to a series of Tesco profit warnings.

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