Tesco (LSE: TSCO) has probably been one of the most aggressive price cutters amongst British grocers. But price cuts may eventually deliver, at best, only marginal benefits to shoppers as trimming prices becomes increasingly difficult. Worst still, it may even eat into the company’s profits if further price cuts are not adequately compensated by top-line sales growth.
Therefore, it is not entirely surprising that Tesco is looking at other options. These include overseas expansion, and developing new channels that may offer it lucrative opportunities to grow….