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The taming of the beast – Professor Wyn Morgan looks at the reasons behind Tesco’s profit fall

Tesco’s reported loss of over £6bn has exemplified the significant changes that have occurred in recent years for the company and for retailing as a whole. Tesco has been seen as a behemoth in retailing: growing market share at the expense of its rivals especially post the introduction of the Tesco Clubcard. Even the recession …