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Tesco Unveils New Strategy

Tesco, the world's No.3 retailer, said it would spend 1 billion pounds ($1.6 billion) this year overhauling its underperforming British business and will rein in expansion as it seeks to win back market share and calm nervous shareholders.

http://www.wkyc.com/video/1569338466001/1/Tesco-Unveils-New-Strategy http://cdn.newslook.com/e7/e7d1ed4c22661c5806f752044f56b47a/images/frame_0005.jpg Tesco Unveils New Strategy Tesco, the world's No.3 retailer, said it would spend 1 billion pounds ($1.6 billion) this year overhauling its underperforming British business and will rein in expansion as it seeks to win back market share and calm nervous shareholders. United Statesfresh and easyFinanceretailingmultinationalsBritish RetailersinternationalEuropeHimanshu PalNewshayley plattUnited KingdombusinesssupermarketsLaurie McIIweeTSCObusiness strategytesco plcTRIGPnewslookmoneyWorldThomson Reuters Group LtdLaurie McIlwee 02:25

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