|Link to Daily Telegraph|
(picture of Brent Cross Tesco)
"Philip Clarke, Tesco chief executive, said that it would cut the company’s capital expenditure from £3.8bn a year to £3.3bn this year, to fund a full 'refresh' programme in Britain, with 430 of its largest supermarkets given a revamp this year.
"It said trial stores had already used less garish signs, and 'warmer colours, better lighting'. It has already announced a revamp of its £1bn Value range of low-priced food, and put its advertising contract out to tender."