Tesco Will Spend $1.6 Billion to Revive Ailing U.K. Stores

Tesco Will Spend $1.6 Billion to Revive Ailing U.K. Stores

Simon Dawson/Bloomberg

U.K. stores will be given a “warmer look and feel,” while the company will also add 8,000 supermarket workers, and pump 150 million pounds into expanding its online offer, Tesco said today as it reported a 1.3 percent gain in full-year earnings that matched analysts’ estimates.