Jan 14, 2021
Tesco: price vice
Sluggish growth looks set to return for Tesco once it returns some extra cash to shareholders. Among locally listed rivals, Sainsbury's is winning over investors: its share price has outpaced Tesco's since September. Booker, the wholesaler Tesco bought back in 2017, proved a deadweight during Christmas trading. Once sale proceeds are distributed, Tesco simply returns to fighting old battles with German discounters Aldi and Lidl. Tesco proudly touts its Aldi Price Match strategy.
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