Tesco boss must prove that the giant chain is not the dinosaur of the grocery world
by Guardian Staff from on (#7V6H)
The new chief executive tried to be bullish about the grocer's larger stores as he revealed a 6.4bn loss last week
The idea that big supermarkets are heading for extinction may be a myth, according to Tesco boss Dave Lewis. The former marketing man revealed last week that his largest stores, seen by many as the dinosaurs of retail, had shown the fastest recovery of all the chain's formats in the past three months. It was a valiant effort to project a positive message as he unveiled a towering 6.4bn loss for the UK's biggest retailer.
Lewis suggested the much-touted trend towards convenience shopping could just as well mean shoppers head for one big store that provides every need, rather than nipping to several places that are handy and local.
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