Tesco should split into three outlets with Tesco 'Finest' and budget stores, says former executive
An analyst has urged Tesco to split into three separate outlets, by opening high-end and discount stores, to more effectively combat rival retailers by accommodating consumers on different incomes.
Speaking before Unilever president Dave Lewis joins the retailer in October as chief executive, Bruno Monteyne, an analyst at Bernstein Research and former Tesco executive, told the Independent that the brand should split to attract a wider range of consumers.
Monteyne suggested that Tesco should supplement current stores with the addition of high-end “Finest” branches – to compete with the likes of Waitrose and M&S food – and discount retailers to combat Read full story ›
Source: The Drum
