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Re: Tesco posts record losses
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Originally Posted by alanbjames
I cant understand their losses yet opening more stores.
They have just opened yet another tesco metro near me which makes the 3rd tesco metro within a 15 min walking distance and they opened a tesco metro in my home town the beginning of the year.
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The answer to that is that they have noticed the decline in sales out-of-town but a boom in the convenience stores so are moving their focus there. Remember the losses are a one-off on capital i.e. Buildings, pensions etc, not trading.
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