<p> Tesco is expected to report another drop in sales and profits this week as it prepares its latest financial report expected this Wednesday. According to The Guardian, analysts are predicting Britain’s largest retailer to announce profits of <B>£3.2 billion, a 9% drop from £3.5 billion last year</b>. The company has already invested more than £1 billion on store remodels, extra staff, and new products, but is it enough to survive in this difficult market?<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> The larger shareholders are willing to give CEO Philip Clarke more time, however. They argue he is attempting to turn around the 3,000 store UK business at a difficult time, The Guardian reports.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Other investors are putting more pressure on Clarke to improve the company’s turnaround strategy despite steadfast efforts to compete with other discount supermarkets like Aldi or Lidl. Other big supermarkets like Asda, Sainsbury’s, and Morrisons have also been losing market share in the European market, sparking further pressure for UK grocery stores in general.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Can Tesco turn investor confidence around? Stay tuned to AndNowUKnow for more news on Tesco’s sales.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.tescoplc.com/?pageid=7" target="_new"> Tesco </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
