In the UK, the Independent has a story about Tesco CEO Dave Lewis, who is approaching his first anniversary as head of a company that was in "tatters" when he took the job last year.
Lewis, the story says, has been decisive in a number of areas, such as the decision to close down the company's longtime corporate headquarters and sell its ownership of the Dunnhumby data analysis business and its South Korea unit. He's also had to deal with a financial crisis, as it was discovered that Tesco had been under-reporting costs and over-reporting revenue; Tesco's "reliance on income from supplier payments for everything from marketing to shelf positioning was laid bare amid stagnating sales growth," the story says.
Even as Lewis works to streamline the chain's product selection and smooth supplier relationships, the story suggests, he also has the gorilla in the room to deal with - the growing market share being claimed by discounters Aldi and Lidl.
Lewis, the story says, has been decisive in a number of areas, such as the decision to close down the company's longtime corporate headquarters and sell its ownership of the Dunnhumby data analysis business and its South Korea unit. He's also had to deal with a financial crisis, as it was discovered that Tesco had been under-reporting costs and over-reporting revenue; Tesco's "reliance on income from supplier payments for everything from marketing to shelf positioning was laid bare amid stagnating sales growth," the story says.
Even as Lewis works to streamline the chain's product selection and smooth supplier relationships, the story suggests, he also has the gorilla in the room to deal with - the growing market share being claimed by discounters Aldi and Lidl.
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