Tesco demands supplier price cuts by July 10 - source

Tesco , Britain's biggest supermarket group, has given suppliers until July 10 to agree price reductions as it prepares to step-up its price battle with discounters Aldi and Lidl, an industry source told Reuters.The source said the move by Tesco forms part of its shift to a so-called everyday low pricing (EDLP) strategy, which will see it use fewer promotions.The July 10 deadline was first reported by industry publication The Grocer, which said a raft of suppliers had told it they faced huge pre