Hello, and welcome to all of you future economists here at the London School of Economics.
I am pleased to see so many of you. My name is [NAVN A] and I am a PR assistant at Tesco, and today I would like to talk about some of Tesco´s current problems.
Therefore, I have taken these issues into my consideration, and made notes on some of the work efforts we at Tesco have made to solve them. A part of solving the problem is looking at the changing consumer behavior. Feel free to ask any questions you might have during my presentation.
We at Tesco have had some of our worst years in history. In January we came out with a profit warning showing that we have had lower profits as expected.
Tesco´s stocks have fallen 20% and it has had an estimated loss of the market value of 5 billion pound sterling.
After Tesco´s many successful years we have changed our boss, former CEO Chief Terry Leahy who had been CEO from March. 1997 until March. 2011.
He made Tesco expand so much, that some thought of him to be “too successful” and he was criticised a lot because of this.
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