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Tesco to prioritise online, UK market and International growth

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Tesco to prioritise online, UK market and International growth

Tesco to prioritise online, UK market and International growth
June 03
08:08 2013

International growth, getting the UK back to a market leading position and establishing muliti-channel retail leadership are the three “top priorities” for Tesco, according to the retailer’s ceo.

In this video, released on the company’s website, ceo Philip Clarke discusses its annual report for 2012-13, its exit from the US, investments within its UK business and its online efforts.

‘Future investment’

“The world has been changed by the internet, and we feel it’s important that future investments go where they will get the best return,” said Clarke. “We feel that’s a combination of stores and the internet.”

Clarke also revealed the best and worst performing Eurozone countries for Tesco. For news on Tesco’s first quarter results, released on June 5, click here .

Watch this video to find out how Clarke felt Tesco had made a “Herculean effort” to improve its UK business and how something as simple as a yellow banana could prove value to customers.

FoodManufacture.co.uk’s full report on Tesco’s first quarter results is available here .

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