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2014 Britain's Most Admired Companies List Highlights UK Supermarkets' Woes

December 1, 2014: 12:00 AM EST
UK's largest supermarket chains performed poorly in the business journal Management Today's 2014 Britain's Most Admired Companies awards. For example, Tesco, which has been chosen as the most admired company in the country a record six times, fell to number 181. Tesco's fall came following a year filled with numerous problems, including slowing sales and an accounting scandal. In contrast, discount retailers are grabbing market shares and attention. Aldi is the number 1 retailer in the food and personal segments, while Lidl is also in the sector's top 5. Fashion retailers, such as Next, are doing better in adapting to changes in UK consumers' shopping habits. Rising 30 notches from its 2013 ranking, Next is currently the number 2 on the overall list.
Elizabeth Anderson, "Supermarkets, once the envy of business leaders, are in danger of being left on the scrap heap", The Telegraph, December 01, 2014, © Telegraph Media Group Limited
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