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Tesco Chief Philip Clarke To Step Down


Britain's biggest supermarket announces the departure of its chief executive as it issued a fresh warning on profits.

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He has been a Tesco lifer, joining in as a 14 year old to step(?) shelves in the store run by his father. Today three and a half years after he took over as chief executive, Philip Clarke reached the checkout of Britain's biggest retailer, even his old boss thinks it's not before time.

- When you occupy the biggest job in retailing, you should expect if you don't perform to pay the price and he has done so, and he has to take responsibility. When you are chief executive, if things go wrong, it's down to you.

The statistics of Mr Clarke's time in charge make grim reading, 8 billion pounds has been wiped off the company's value during his tenure. Its market share has fallen 2.2% amid competition from discounters like ALDI, as this comparison of the two groups market share shows. And this morning, the news of his exit sent Tesco shares up 2.5%, bucking the trend of the last three years. For the first time in its 95-year history, Tesco's replacing its boss with an outsider, Dave Lewis of the consumer goods giant Unilever.

- Tesco has gone shopping at the owner of Dove shampoo and Domestos detergent for its new boss, but some investors believe that the employment of Mr Lewis who has never before run a major retail chain still represents something of a gamble.

Mr Lewis 's big challenge would be to restore customer's belief in Tesco's price competitiveness, while continuing to unwind some of its ill-fated overseas expansion.

- I think the first thing he has to do is to define the Tesco brand, because this is a brand that's lost his way in recent years. It doesn't stand for quality, it doesn't really stand for value, it's stuck in the middle, and as a retailer, that's the worst place to be. So i think that's the very first thing that Lewis would look to do.

Mr Clarke's sacking came just 36 hours before he was to host a party marking four decades of service at Tesco. That has now been cancelled. The city faces an anxious wait to see whether being a Tesco share holder can again become something worth celebrating.



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He has been a Tesco lifer joined in as a 14 year old to stack shelves in the store run by his father, today three and a half years after his coverage chief executive, Philip Clarke reached the check out of Britain's biggest retailer, even his old boss thinks it's not before time.
When you occupy the biggest job in retailing, you should expect if you don't perform to pay the price as he has done so, and he has to take responsibility, when you are chief executive, if things go wrong, it's down to you.
The statistics of Mr Clarke's time in charge make grim reading, 8 billion pounds has been wiped off the company's value during his tenure, its market share has fallen 2.2% amid competition from discounters like Aldi, as this comparison of the two groups market share shows, and this morning the news of his exit sent Tesco shares up 2.5%, bucking the trend of the last three years, for the first time in its 95-year history, Tesco's replacing its boss with an outsider, David Louis of the consumer goods joint union labor.
Tesco has gone shopping at the owner of Dove shampoo and domestic detergent for its new boss, but some investors believe that the employment of Mr Louis who has never before run a major retail chain still represents something of a gamble.
Mr Louis's big challenge would be to restore customer's belief in Tesco's price competitiveness, while continuing to unwind some of its ill fated overseas expansion.
I think the first thing he has to do is to define the Tesco brand, because this is a brand that's lost his way in recent years, it doesn't stand for quality, it doesn't really stand for value, it's stuck in the middle, and as a retailer, that's the worst place to be, so i think that's the very first thing that Louis will have to do.
Mr Clarke's sacking came just 36 hours before he was to host a party marking four decades of service at Tesco, that has now been cancelled, the city faces an anxious wait to see whether being a Tesco share holder can again becomes something worth celebrating.

This post was generated by put listening repetition system,  Check the original dictation thread!

DZR2009

WH
he has been a tesco lifer, joining in 14 years old stake shovel in the store run by father, today 3 and half years after he took executive, philips reach the check out of britain's biggest retailer, even its own boss thinks it is not before time. this is standard value product for good, today 3 and half years after years after he took over,mr cluck reach the check out. when you occupy the biggest job in retailing, and you should expect if you do not perform to pay the price and he has done so, he has to take responsibility. when you are chief executive, if things go wrong, is done to you. the statistics of mr clark's timing in charge made grim reading,8 billion prounds has been wiptted off the company's value during his tenure. its market share has fallen 2.2% amid the competition discount of the audi, this comparison of the two group market shares show, tesco share up 2 hand harf percent, back the thend of last 3 years,for the first time of 95 years history,tesco replaced his boss with an outsider.

This post was generated by put listening repetition system,  Check the original dictation thread!

xingxingcamille

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He has been a Tesco lifer joined in as a 14-year-old to stack shelves in the store run by his father. Today, three and a half years after he took over as chief executive, Philip Clarke reached the checkout of Britain¡¯s biggest retailer. Even his old boss thinks it¡¯s not before time.

¡°And this is the standard value X.¡±

Today, three and a half years after he took over, Mr. Clarke reached the checkout. Even his old boss thinks it¡¯s not before time.

¡°When you occupy the biggest job in retailing, and you should expect if you don¡¯t perform to pay the price as he has done so, and he has to take responsibility. When you are a chief executive, if things go wrong, it¡¯s down to you.¡±

The statistics of Mr. Clarke¡¯s time in charge make grim reading. £8 billion has been wiped off the company¡¯s value during his tenure. Its market share has fallen 2.2% amid competition from discounters like Aldi as this comparison of the two groups¡¯ market share shows. And this morning, the news of his exit sent Tesco¡¯s share up 2.5%, bucking the trend of the last three years. For the first time in its 95-year history, Tesco is replacing its boss with an outsider -- Dave Lewis of the consumer goods giant Unilever.

¡°Tesco has gone shopping at the owner of Dove shampoo and domestic detergent for its new boss. But some investors believe that the employment of Mr. Lewis who¡¯s never before run a major retail chain still represents something of a gamble.¡±

Mr. Lewis¡¯ big challenge will be to restore customers¡¯ belief in Tesco¡¯s price competitiveness while continuing to unwind some of ill fated overseas expansion.

¡°I think the first thing he has to do is to define the Tesco Brand, because this is a brand that¡¯s lost its way in recent years. It doesn¡¯t stand for quality. It doesn¡¯t really stand for value. It¡¯s stuck in the middle and as a retailer, that¡¯s the worst place to be. So I think that¡¯s the very first thing that Lewis will have to do.¡±

Mr. Clarke¡¯s sacking came just 36 hours before he was to host a party marking four decades of service at Tesco. That has now been cancelled. The city faces an anxious wait to see whether being a Tesco shareholder can again become something worth celebrating.

Mark Kleinman, Sky News.

mayqss

HW

He has been a Tesco lifer, joining as a 14-year-old to stack shelves in the store ran by his father. Today, three and a half years after he took over as chief executive, Philip Clarke reached the checkout of Britain¡¯s biggest retailer, even his old boss thinks it¡¯s not before time.

¡°And this is the standard value product, very good.¡±

Today, three and a half years after he took over, Mr. Clarke reached the checkout, even his old boss thinks it¡¯s not before time.

¡°When you occupy the biggest job in retailing, and you should expect if you don¡¯t perform to pay the price. And he has done so, and he has to take responsibility. When you are chief executive, if things go wrong, it¡¯s down to you.¡±

The statistics of Mr. Clarke¡¯s time in charge make grim reading. Eight billion pounds has been wiped off the company¡¯s value during his tenure. Its market share has fallen 2.2% amid competition from discounters like Aldi, as this comparison of the two groups¡¯ market share shows. And this morning, the news of his exit sent Tesco¡¯s share up 2.5%, bucking the trend of the last three years. For the first time in its 95-year history, Tesco is replacing its boss with an outsider, Dave Lewis of the consumer goods giant Unilever.

¡°Tesco has gone shopping at the owner of Dove shampoo and Domestos detergent for its new boss. But some investors believe that the appointment of Mr. Lewis who¡¯s never before run a major retail chain still represents something of a gamble.¡±

Mr. Lewis¡¯ big challenge will be to restore customers¡¯ belief in Tesco¡¯s price competitiveness, while continuing to unwind some of its ill-fated overseas expansion.

¡°I think the first thing he has to do is to define the Tesco Brand. Because this is a brand that¡¯s lost its way in recent years. It doesn¡¯t stand for quality, it doesn¡¯t really stand for value, it¡¯s stuck in the middle, and as a retailer, that¡¯s the worst place to be. So I think that¡¯s the very first thing that Lewis will have to do.¡±

Mr. Clarke¡¯s sacking came just 36 hours before he was to host a party, marking four decades of service at Tesco. That has now been cancelled. The city faces an anxious wait to see whether being a Tesco shareholder can again become something worth celebrating.


Sky news

lyrachow

He has been a Tesco lifer joined in as 14 year old to stack shelves in the store run by his father. Today, three and half years after his coverage chief executive, Fhilip Clarke reached the check out at Britain's biggest retailer, even his old boss thinks it's not before time.

When you occupied the biggest job in retailing, you should expert if you don't perform to pay the price. And he has done so, and he has taken responsibility when you are chief executive, if things go wrong is down to you.

The statistics of Mr Clarke't time charge make grim reading, 8 billion pounds has been wiped off company value during his tenure, its market shares fallen 2.2% amid competion from discounters like Adi, as this comparison of the two groups market share shows . And this morning, the news of his exit sent Tesco shares up 2.5%, bucking the trends of the last three years. For the first time in its 95-year history, Tesco is replacing its boss with an outsider, Dave louis of the consumer goods joint union labor.

Tesco has gone shopping at the owner of Dove shampoo and domestic detergent for its new boss, but some inverstors believe the employment of Mr Louis who is never before run a major retail chain still represents something gamble.

Mr Louis' big chanllenge will be to be restore customers belief in Tesco's price competitiveness, while continue to unwind some of its ill fated overseas expansion.

I think the first thing he has to do is define Tesco brand, because this is brand lost its way in recent years, it doesn't stand for quality, it doesn't really stand for value, is stuck in the middle, as retailer, that's the worst place to be, so I think that's the very first thing that Louis will have to do.

Mr Clarke's sacking came just 36 hours before he was to host a party marking four decades of service at Tesco, that is now being cancelled. The city faces an anxious wait to see whether being a Tesco shareholder can again become something worth celebrate.

This post was generated by put listening repetition system,  Check the original dictation thread!

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He has been a TESCO lifer, joining as a 14-year-old just at shelves in the store run by his father. Today, 3 years and a half after he took over its chief executive, Phillip Clarke reached the checkout of Britain¡¯s biggest retailer. Even his own boss thinks it¡¯s not before time.

-        And this is the, the standard volume product. Very good.
In a half years after he took over, Mr. Clarke reached the checkout. Even his own boss thinks it¡¯s not before time.
-        When you occupy the biggest job in retailing, and you should expect if you don¡¯t perform to pay the price, and he has done so, and he has to take responsibility, when you¡¯re chief executive, if things go wrong, it¡¯s your, it¡¯s down to you.
The statistics of Mr. Clarke¡¯s time in charge make grim reading. 8 billion pounds has been wiped off the company¡¯s value during his tenure. Its market share has fallen 2.2 percent amid competition from discounters like , as this comparison of the two groups market share shows. And this morning, the news of his exit sent TESCO shares up 2.5 percent, bucking the trend of the last three years. First time in its 95-year history, TESCO replaced its boss with an outsider, Dave Lewis of the consumer goods giant Unilever.
TESCO has gone shopping at the owner of Dove shampoo and domestic detergent for its new boss. But some investors believe that the appointment of Mr. Lewis who has never before run a major retail chain still represent something of a gamble. Mr. Lewis¡¯s big challenge will be to restore customers¡¯ belief in TESCO¡¯s price competitiveness while continuing to unwind some of these ill-fated overseas expansion.
-        I think the first thing he has to do is to define the TESCO brand, because this is a brand that lost its way in recent years. It doesn¡¯t stand for quality, it doesn¡¯t really stand for value, it¡¯s stuck in the middle, and as a retailer, that¡¯s the worst place to be. So I think that¡¯s the very first thing that Lewis would like to do.
Mr. Clarke¡¯s sacking came just 36 hours before he was to host a party marking four decades of service at TESCO. That has now been cancelled. The city faces an anxious wait to see whether being a TESCO share holder can again become something worth celebrating.