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Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

like sales for the first quarter to May 24 falling by 3. 7%, the third quarter in a row of worsening falls, and today profits warning.

expectations". Tesco has been battling with intense competition from discount rivals Aldi and Lidl and a squeeze on household budgets. The group highlighted the need for change by saying any improvements for the current 12 month period would be partly reliant on "steps that may be taken during the remainder of the year to improve our customer offer further". Mr Clarke took over in March 2011. His predecessor, Sir Terry Leahy, had seen a transformation in Tesco fortunes as profits surged during his 14 years in charge though there have since been question marks over his legacy.

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

But at the start of 2012, Mr Clarke shocked the market with the group first profits warning in 20 years. It prompted the launch of a billion turnaround plan but latest annual results showed annual earnings down for the second year in succession. This was followed by like for Adidas Flux Womens Trainers

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

 his departure came as the supermarket warned that continuing pressure on the grocery market combined with the cost of investments meant that sales and trading profit for the first half would be "somewhat below Adidas Zx Flux Womens Black And Copper

Clarke said: "Having taken the business through the huge challenges of the last few years, I think this is the right moment to hand over responsibility and I am delighted that Dave Lewis has agreed to join us. "The appointment of Mr Lewis brings to an end a tradition of long serving insiders being given the top job at Tesco, with the job previously held by Sir Terry and before him Lord MacLaurin. Mr Clarke, who worked Adidas Zx Flux Dark Blue Orange his way up from the shop floor, will be replaced by Mr Lewis in October but stay on in a support role until January, and receive a year salary on departure.

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

Adidas Zx Flux Dark Blue Orange

Tesco chairman Sir Richard Broadbent said: "Philip Clarke agreed with the board that this is the appropriate moment to hand over to a new leader with fresh perspectives and a new profile. "Mr Adidas Zx Flux Olive

Tesco said: "The board are deeply grateful to Philip for his .

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