The world's second largest retailer by annual sales behind Walmart,rnUK-based retailer Tesco has experienced a tough time both internationallyrnand at home since its profit warning in January 2012. Longestablishedrnas the UK's leading retailer by annual sales and marketrnshare, in the last few years Tesco has been losing market share in the UK to Sainsbury's and budget supermarkets such as Aldi and Lidl.rnTesco has withdrawn from Japan and the US, and ceded control ofrnits Chinese enterprise. In our view, its attention will likely return tornthe UK, marking a great shift in its business plan.
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