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We should have seen this profit warning coming, Tesco edition

Some management fashions never go out of style. When new CEOs take the helm, one of their first acts often is to release a slew of bad news. 287 more words

Dave Lewis: retail's newest strategist

With $103 billion in revenue, Tesco, the world’s second-largest general-merchandise retailer, behind Wal-Mart, and the biggest food producer and retail brand in the U.K., earned the No. 531 more words


There was nobody left to blame for Tesco's poor performance, so it dumped its boss

The ultimate indignity for any chief executive is when a company’s shares jump higher on the news of his departure. And so it is with Philip Clarke (pictured above), who is leaving Tesco after more than three years as CEO, and 40 years at the company. 450 more words