Price war, US woes weigh on Tesco
China Daily | Updated: 2009-04-22 08:02
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A customer walks down an aisle at a Tesco outlet in Sunbury-on-Thames in London. Bloomberg News |
Tesco Plc, Europe's second-largest retailer, reported the slowest profit growth in 15 years as price cutting by competitors eroded its UK market share and the company's 17-month-old US chain posted a loss.
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