Tesco Taking A 'Serious Look' At Removing Unnecessary Parts Of Its Operation, Says Analyst
Following the news that Tesco has completed its exit from China, as well as announcing plans to cut its bakery facilities in its UK stores, a leading retail analyst has said that this is an indication that the retailer is taking a 'serious look' at the underperforming parts of its operation.
"With low carb diets being the order of the day, it is not that surprising to hear that Britain is buying less traditional bread," commented Nigel Frith, a senior market analyst at www.asktraders.com. "Adapting to changing customer needs is essential in the cutthroat food retail business."
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