Tesco puts pressure on rivals with price cuts, improved customer service
London
FOUR months into the job, Tesco boss Dave Lewis has wasted no time imposing a range of price cuts and customer service improvements designed to regain the initiative in a tough market. There are already signs that customers are noticing.
Despite the series of shocks Tesco suffered in the past year, famously prompting billionaire investor Warren Buffett to admit that buying into the stock was a huge mistake, it remains a clear leader in its home market, lending it the clout to squeeze its "Big Four" rivals as well as upstart discounters Aldi and Lidl.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Over 150 customers engage law firm, seek legal advice in Cordlife case
Prada not looking at M&A, sees ‘positive surprise’ from US: CEO
AstraZeneca to build US$1.5 billion manufacturing plant in Singapore
Genting open to integrated casino resort in UAE: Chairman Lim Kok Thay
SFA to improve fish farming infrastructure in southern waters after Barramundi Group exits
Another Cordlife director arrested amid CAD probe