Problem on pricing can be managed by the company, however, Tesco Chief Executive Dave Lewis stated that the struggling British supermarket can do more than that to regain the market shares it lost.
It was on Thursday, when Lewis stated to reporters that he is very hopeful the company will be back to the force it has been in the years and decades before now as long as it takes hold of the big opportunity to put their clients right back at the core of what it does
Lewis added that there are visible avenues for improvement, though he acknowledges the fact that a lucrative offer out there. He further pointed out that in improving the existing offers of Tesco, a lot of opportunities have surfaced in a number of ways and that one thing he constantly keep in review is pricing.
The Chief Financial Officer of Tesco, Alan Stewart, also added that in the company’s balance sheet there was leverage, one which is higher than his preference. He continued to state that the most crucial primary step is the strategy and that it is essential that it comes first, then based on that, the company will be able to find out the opportunities for business and from there on, they will be able to determine the correct funding for the business.