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Wednesday, April 18, 2012

Tesco curbs UK expansion to focus on revival

http://www.reuters.com/article/2012/04/18/tesco-idUSL6E8FIC6F20120418

Just a quick note to remind us of a Kenyan firm that ought to do the same...


LONDON, April 18 (Reuters) - Tesco, the world's No.3 retailer, slashed expansion plans for its main British chain and said it would spend over 1 billion pounds ($1.6 billion) on improving stores and online shopping as it battles to recover from a shock profit warning.

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