Dave Lewis

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“Fifty Pence Challenge” poster had been intended to motivate staff but ended up displayed in the window of a Sainsbury’s store in east London.

These are desperate times in the grocery trade. Tesco dominated the news agenda last week as it revealed a shock £250 million black hole in its profit(...)

Even after the recent profit warnings Tesco was expected to deliver operating profits of around £1.1 billion for the first half of its trading year. That figure is now reduced by 23 per cent. Photograph: EPA/Will Oliver

Every Little Helps. Tesco’s long-standing tagline is one of the most recognised in advertising. But as chief executive Dave Lewis assesses the impact (...)

Tesco said its profit overstatement related to a trading update at the end of last month, when it unveiled its biggest profit alert
 and cut its dividend and slashed planned investment
. Photograph: Peter Macdiarmid/Getty Images

Tesco, Britain’s biggest retailer and one of its great corporate success stories of the past decade, has been thrown into turmoil after disclosing (...)

Tesco has launched an investigation after revealing that its guidance on profits for the six months to August 23rd was overstated by around £250 million.Photograph: Rui Vieira/PA Wire

Tesco cut its profit forecast for the third time this year today after finding a fault in its accounts, the latest blow of several to the reputation o(...)

Tesco chief executive Dave Lewis: “The bit that is interesting is that that I have never run a shop in my life.” Photograph: EPA

The new boss of Tesco won’t have much time to talk to journalists over the next few months as he battles to get the supermarket group into some sort o(...)

Musgrave bet big when it paid about €200 million to acquire Superquinn more than three years ago. Photograph: Cyril Byrne

The three-monthly Kantar Worldpanel supermarket share figures released yesterday confirm two things. Firstly, Tesco Ireland, which fell 5.5 per cent t(...)

Supervalu is breathing down Tesco’s neck in the race to be the Republic’s largest retailer.

Supermarket chain Tesco cut its profit forecast for the third time in three years and slashed its interim dividend by 75 per cent as tough operating (...)

Tesco shares fell to a 10-year low last week as ratings agency S&P cut its credit rating from BBB+ to BBB.

Dave Lewis, the Unilever executive being brought in to turn around the troubled Tesco group, does not start his new job until October 1st. But there’s(...)

Coca-Cola is one of the major brands to use in-store trolley advertising

If you’re susceptible to in-store advertising – such as floor graphics, trolley ads and aisle banners – when you visit the supermarket, you are not al(...)

Tesco chief executive Dave Lewis is expected to spend his first months at the retailer listening. Photograph: EPA

When Dave Lewis takes over as chief executive of Tesco in October, following the sudden ousting of Philip Clarke last week, he faces the task of reviv(...)

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