Tesco announced a record annual loss of £6.38billion yesterday . The company said it would cut its dividend by 25 per cent and raise prices on all products to offset the cost of higher fuel prices.
Tesco announced a record annual loss of £6.38billion yesterday . Drop in sales , one-off costs and pensions blamed for financial loss . Supermarket giant now under pressure to close 200 stores nationwide . Here , retail industry veterans , plus Mail writers , identify what went wrong .