Tesco Plc Chief Executive Officer Phil Clarke’s decision to open fewer big supermarkets in the U.K. marks the end of a space race that has defined the country’s largest retailer for the past two decades, leaving online sales as his next frontier for growth.
Dan Thomas looks up at the rain clouds hovering above St. Paul’s cathedral in London and then smiles approvingly at the two golf umbrellas he’s just bought for 5 pounds ($8) from a branch of Sports Direct.
“Be at the center,” is the motto of the Irish town of Ballybay. As the scandal over horse meat masquerading as beef gallops across Europe, its founders may not have realized how true that would turn out.
WM Morrison Supermarkets Plc is one of only two major British grocers not proven to have sold horsemeat mislabeled as beef this year. Even that -- a big advantage with tainted meat dominating headlines -- has done little to halt a market share slide for the company.