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Tesco: re-establishing the basics

With sales of £68.5bn and a trading profit of just short of £4bn last year, Tesco remains a massive international success story for UK business. It has however been difficult to ignore that the world third largest retailer has had a more difficult time of late.

Over the past twenty years, we have got used to and almost expect Tesco to report record sales and profit growth year on year. After reporting a disappointing Christmas period we saw £4bn wiped off the value of the company on the stock market and headlines prophesising doom and gloom ahead. Is this really a fair reflection or are many just giving Tesco a tough time?