The backdrop to the new strategy is expected to be a sales fall of about 2 per cent in the fourth quarter. That follows on from a 2.3 per cent decline in the run-up to Christmas, which sparked Tesco’s first profit warning in decades.
It was followed recently by the abrupt departure from the group of the head of the British business, Christopher Brasher.
Group pre-tax profits at the food retailing major are set to come in about flat at £3.6 billion, of which the UK business is expected to account for £2.4bn.
Clarke’s new strategy is expected to involve putting a freeze on the building of what critics have called “soulless, industrial” superstores over the next three years.