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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 coverage1 chief executive, Philip Clarke reached the check out of Britain's biggest retailer3, even his old boss thinks it's not before time.
When you occupy the biggest job in retailing4, 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 tenure5, 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%, bucking6 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 joint7 union labor8.
Tesco has gone shopping at the owner of Dove shampoo and domestic detergent9 for its new boss, but some investors10 believe that the employment of Mr Louis who has never before run a major retail2 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.
点击收听单词发音
1 coverage | |
n.报导,保险范围,保险额,范围,覆盖 | |
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2 retail | |
v./n.零售;adv.以零售价格 | |
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3 retailer | |
n.零售商(人) | |
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4 retailing | |
n.零售业v.零售(retail的现在分词) | |
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5 tenure | |
n.终身职位;任期;(土地)保有权,保有期 | |
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6 bucking | |
v.(马等)猛然弓背跃起( buck的现在分词 );抵制;猛然震荡;马等尥起后蹄跳跃 | |
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7 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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8 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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9 detergent | |
n.洗涤剂;adj.有洗净力的 | |
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10 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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11 holder | |
n.持有者,占有者;(台,架等)支持物 | |
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