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Every little hurts as Tesco profit plunges

first_img 365 additional cases of Covid-19 in Republic Every little hurts as Tesco profit plunges WhatsApp PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest WhatsApp Google+ Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – April 17, 2013 Twitter Pinterest Google+center_img 75 positive cases of Covid confirmed in North Facebook Supermarket giant Tesco has reported its biggest fall in annual profits in two decades.The British retailer says pre-tax profits are down by more than half to under 2 billion pounds.The chain has also decided to pull out of the American grocery market, a move that will cost the giant over 1.2 billion pounds.Financial Analyst Louise Cooper says many UK retailers struggle in the US market.”Virtually every UK retailer when they’ve gone to the States has come a cropper – it’s a different market” she said.”The problem with retailing is it’s very national-based, and there’s a tiny handful of retailers that can actually take their offering across borders – and the UK retailers have just never done it” she added. RELATED ARTICLESMORE FROM AUTHOR Twitter Further drop in people receiving PUP in Donegal Previous articleBethany Home survivors hopeful of State redressNext articleMEP defends GAA nomination for European Union prize News Highland Main Evening News, Sport and Obituaries Tuesday May 25th News Facebooklast_img read more