retail news in context, analysis with attitude

In the UK, the Daily Mail reports that Tesco is fighting against "pound shops" - which, in the US, would be called dollar stores - by creating "pound shop" areas in more than 60 stores, with expansion to close to 300 over the next few weeks.

According to the story, "A range of products will be sold for as little as 50p, including items such as health products, kitchen tissues, washing-up liquid, pet food and detergents."

And, the story goes on to say, "The Tesco launch highlights just how severely the success of the pound shops is hitting the profits of established supermarket giants in Britain."
KC's View:
Some of this kind of stuff is necessary, but I can't shake the feeling that Tesco is playing a lot of defense these days, and not a whole hell of a lot of offense. And that's never good.