Tesco Shares vs announcement of £5bn loss

Glen_Clark

Jsscmm wrote: »

Putting aside the political debate... There is a valid point here... The more divided society suggested above would reduce middle of the road supermarkets such as tesco. The discounters and high end would be fine but the squeezed middle less so. Not saying I agree or disagree with the statement on the economy, but the implications for tesco and it's share price in the medium term could be negative.

Their current cheapest on brands and on essentials marketing suggests that they are trying to straddle that line, but it could be challenging.

Well I am glad that somebody else can see it. Rising inequality is hidden by politicians fiddling the statistics - like counting rent increases as growth instead of inflation. Its also the elephant in the room when people talk about problems at Tesco in isolation, when its affecting the other 3 middle of the road grocers the same.