Struggling U.K. food retailer Tesco on Monday named Dave Lewis CEO effective Oct. 1, succeeding Philip Clarke. The company in a statement said trading conditions have been more challenging than expected when it last reported financial results in early June. “The overall market is weaker and, combined with the increasing investments we are making to improve the customer offer and to build long term loyalty, this means that sales and trading profit in the first half of the year are ...
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