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UK: Tesco profits from clothing sales growth
Leading UK retailer Tesco said today (6 October) that its clothing sales grew 6% during the first half of the year, contributing to profit gains during the period.
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7 Oct 2009
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RE: UK: Tesco profits from clothing sales growth
I am extreemly happy for Tesco Wal*Mart and Carrefoure to make 1.5 billion GBP profit in 6 month, I do find it extreemly sad that it is at the expense of 99.9% of there suppliers who can not make any profit and these retailers are closing factories every week. When is someone going to wake up to these retailers. Tesco recently increased terms for 30 days to 60 days, this in turn will hurt if not close alot of there suppliers whilst Tesco go on to take billions and billions of dollars at the expense of the people who make there business so succesfull.
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7 Oct 2009
by Brian Mahoney
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