Middle England beware: Britain is now a discount nation [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
“There are three things,” he told the Plymouth Herald, his local newspaper. “Number one is you have to want it. Two is the same as number one. And three is the same as number two.” Dawson, powered by that determination, is now in talks to buy the Homebase brand and shops after it emerged the DIY chain was heading for administration. The entrepreneur was a market trader in Plymouth before founding The Range as CDS (Superstores International) Ltd in 1989. The business is now one of the biggest retail chains in the UK. It has more than 200 shops, generates annual revenues of more than £1bn and is valued at around £2bn. It has been described as a “working man's John Lewis”, with its shops spanning 16 different departments and stocking more than 140,000 products. Dawson is one a collection of entrepreneurs in the UK who have built discount retailers worth more than a billion pounds. There is also Tom Morris, the founder of Home Bargains , Mike Ashley, the founder of Sports Direct,
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