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business 2025-04-10 13:53
Tesco anticipates drastic profit drop amid supermarket price war - Tesco's chief executive has acknowledged that the supermarket is experiencing heightened competition and is aiming for massive cost reductions.
- The company cites a substantial risk of profit decline due to the intensified price war in the grocery sector.
- The ongoing price competition represents both a challenge and an opportunity for consumers seeking better deals in a struggling economy.
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