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Artificial Intelligence, CCTVs help international retailers in loss prevention

Unlike in India, in the US and UK and other global destinations, a customer is not required to submit his handbag / shopping bag at the entrance. It would be unimaginable for any store in the UK to go...

UK biggest retailer Tesco axes 4,500 supermarket jobs

Supermarket giant Tesco said Monday it is to axe about 4,500 jobs across its city-centre UK stores to slash costs. Tesco, which is Britain's biggest retailer, will carry out a reduction of around 4,500 colleagues as the group experiences...

Marico extends its food portfolio with the launch of ‘Coco Soul’ range

Marico Limited, one of India’s leading FMCG majors has launched a range of vegan gourmet products under the brand name ‘Coco Soul’. The range includes 100 percent organic virgin coconut oil, 100 percent natural virgin coconut oil and 100...

A new world of shopping: 100 mn people to make purchases using AR, VR by next year

By 2020, 100 million people would shop in-store and online using Augmented Reality (AR), enabling people to visualise products in different settings, market research firm Gartner said on Monday.Once technologies like AR and Virtual Reality (VR) get powered by...

Tesco to build simpler, more sustainable business; axe 9,000 jobs

Tesco has recently announced that the brand is making some strategic changes to further simplify the business and this might affect jobs of 9,000 employees."Since we launched our turnaround four years ago, we have built a stronger business focused...

Govt should consider 100 pc FDI in multi-brand retail trade: CII

The Government should consider permitting 100 percent foreign direct investment (FDI) in multi-brand retail trade and further improve ease of doing business for the sector to promote growth in the segment, industry body CII said in a report Tuesday.These...

43.3 pc of consumers spent on summer products this year due to heatwave, says GlobalData

The prolonged heatwave in the UK and major sporting events boosted spending on summer items such as outdoor and gardening products, BBQ food and holiday clothing, with consumers judging Tesco to be the retailer that had promoted its summer...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Tesco to refocus its non-food business by closing Tesco Direct

Tesco has conducted a detailed review of Tesco Direct, its non-food website, and has concluded that, despite its best efforts, there is no route to profitability for this small, loss-making part of the business.Tesco Direct has faced a number...

Tata Group plans aggressive expansion of Westside stores

Upbeat on the economic prospects of the country over the next 3-5 years, Tata group company Trent Ltd has undertaken aggressive expansion plans for its retail chain Westside, a top company official said today.According to a PTI report: The...
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Swiggy announces 5th ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting...
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