Tesco has unveiled steep cuts to in-store bakeries as shoppers shun the loaf in favour of wraps, bagels and flatbreads. The supermarket’s UK boss, Jason Tarry, said Tesco is scrambling to adapt to shoppers’ changing tastes as they look for alternatives to traditional bread. “We know this will be very difficult for colleagues who are impacted, and our priority is to support them through this process,” he said. […] Markets Hub – Tesco Meanwhile, Tesco said it will quit China for good after selling its remaining £275m stake in an “overlooked” part of the business abroad. […] The move represents another step in Tesco’s bid to focus on fewer key markets, Clive Black at broker Shore Capital said, as it seeks to be more disciplined with its money rather than chasing growth.
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