article_snippet.sent: Britain’s biggest retailer made a profit of £1.4billion on sales through the tills across the world in the year to the end of February, down by 60 per cent on the year before.
article_snippet.sent: Image problem: Mary Portas says Image problemis that no one really likes the company' Sir Richard Greenbury, former chief executive of Marks & Spencer .
article_snippet.sent: I deemed it too expensive, even when we were making a billion pounds a year.
article_snippet.sent: Joanna Blythman, author of Shopped: The Shocking Power Of British Supermarkets .
article_snippet.sent: But the arrival of Aldi and Lidl made us realise that the ‘Big Four’ supermarkets have been charging us way too much — earning extreme margins and profiteering at us expense. '
article_snippet.sent: Too much': Former M&S chief executive Sir Richard Greenbury blames Tesco's grand expansion plans .
article_snippet.sent: Tesco demanded a wave of charges for things like new label systems or the introduction of new technology.
article_snippet.sent: charges for things like new label systems or the introduction of new technology became more and more unreasonable, and in the end Tesco ruined Tesco base.
article_snippet.sent: At the heart of the problems for Tesco’s new boss, Dave Lewis, has been some wildly over-optimistic accounting.
article_snippet.sent: Over the past year or so, BritainSainsbury’s biggest grocer inflated Britain’s biggest grocer profits in the UK and Ireland by as much as £326 million, by recording incentive payments from big suppliers that had not actually arrived, while failing to record the costs of some sales.