Tesco counts cost of Covid trading as profits drop
The UK’s largest supermarket saw full-year sales soar but the pandemic hit its bottom line. …
Richard Hyman, a partner at the retail consultancy TPC, said that trading through Covid had cost Tesco a lot of money: “In order to [trade through the pandemic] they’ve had to spend a lot of money looking after the health of both their customers and their staff and that’s been very very costly,” he said.
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