Tesco, Britain's biggest retailer, posted the worst quarterly drop in underlying sales in its key home market since Chief Executive Phil Clarke took the helm in 2011, raising further questions over his trading strategy.
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J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution center dedicated to online grocery orders in response to rapidly increasing demand in southeast England.
Carphone Warehouse (CPW.L), Europe's biggest independent mobile phone retailer, said Andrew Harrison would be promoted to chief executive next month as the firm met guidance for year earnings.
