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Tesco’s nosedive: The best thing that’s happened this year for shoppers

October 23, 2014 admin No comments

Tesco’s nosedive: The best thing that’s happened this year for shoppers Tesco’s declining market share is good news for consumers (Photo: Bloomberg/Bloomberg via Getty Images) It’s hard to feel sympathy for Tesco’s bosses – because ultimately it’s the customers who are going to benefit. The supermarket price war that’s behind Tesco’s shrinking share of the British grocery market doesn’t get written about much – but it’s actually the best thing that’s happened for consumers in the UK this year. What really matters isn’t the scandal over Tesco’s grossly-overstated profits, even though it’s now clear it overstated its profits for the first half of 2014 by an eye-watering £118 million. What really matters […] Read more →

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