4 ms·
> went wrong with Tesco? They blew £1.5 bn trying to expand into China, and £1.8 bn trying to expand into the usa.
by lukewrites 12y ago
> went wrong with Tesco?
They blew £1.5 bn trying to expand into China, and £1.8 bn trying to expand into the usa.
- branchless 12y agoalso in the UK people are getting poorer and turning from fairly low-end Tesco to discount retailers like Aldi/Lidel.
- Tycho 12y agowell there's also slightly upmarket food stores like Waitrose, Marks & Spencer, Peckhams, Co-operative which seem to be spreading Lidl/Aldi just seems like a new business model which we didn't really have before