Next reports numbers on Wednesday 29th and hopes are that it will be able to draw back on the profit warning that the company issued in September. Stephen Springham from Planet Retail says that the company is notoriously conservative.
Matthew Stych, Research Director, Asia Pacific at Planet Retail, outlines his expectations for the earnings and explains why CEO Dave Lewis may need more time to come up with a turnaround plan.
Tesco's Chairman is stepping down after a major accounting error caused a drastic profit fall.
Natalie Berg, an analyst at Planet Retail Ltd. in London, says Tesco Plc is "over-reliant" on a format that is outdated and needs to "reconfigure" to adapt to modern shoppers. She speaks with Anna Edwards and Mark Barton on Bloomberg Television's "Countdown."