Quote:
Originally Posted by 82off
I think tesco have had there day, people are shopping online more these days using sites like amazon for the purchases, and the supermarket side of things people are using the budget ones like aldi and lidl more..maybe they will turn it round but i just cant see it
Tesco started offering too much choice. For example I believe many people would go to the tea section and see bundles which they did not know about. They just wanted what they were used to and hence started going to places like aldi which was easier. Tesco seem to be changing their approach now to sort that problem out. They are getting rid of a lot.
Then again, the markets should already know this right and it should be priced in? I am not sure though if people have been panic selling and therefore creating a buying opportunity.