Tuesday, 21 April 2009

Profits soar for Tesco

The supermarket chain Tesco has reported underlying annual pre-tax profits of £3.13bn, an improvement of 10% on the previous year. Its sales topped £1bn a week for the first time with group sales coming in at £59.4bn. Chief Executive of Tesco, Sir Terry Leahy said that he was confident the retailer would "continue to make good progress even in the current global economic environment". The profits are the highest on record for a UK retailer.

So what do PAs think? Tesco is certainly getting bigger but is it getting better? Is one-stop shopping the answer to town centre parking issues and grumpy shopkeepers or are we missing out on choice and high quality? Share your views with us.

Gareth

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