A perfect storm for Tesco

The supermarket faces tough challenges – so should you wait for a better time to buy? Phil Oakley investigates.

For years it seemed that Tesco could do no wrong. Loved by its customers and the City, it dominated British food retailing and set its sights on becoming a global giant.

Under the leadership of Sir Terry Leahy, Tesco built up a huge land bank and set about smothering the country with supermarkets and local convenience stores. It also launched a substantial online grocery business and branched out into areas such as banking and mobile phones. The company led [...]

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