Tesco
Food
Tesco to cut another 1,200 jobs to adjust increasing cost pressure
Tesco is cutting 1,200 jobs at its head office and support centres as part of a major cost-cutting drive as the UK grocery leader adjusts to increasing cost pressures.
Tesco said in a statement that the head-office cuts are “a...
Food
Trent Hypermarket debuts at Hyderabad
Trent Hypermarket Pvt. Ltd., a joint venture between TATA and TESCO has launched its first hypermarket store at Gachibowli, Hyderabad.
Star Hyper, a modern retail outlet spread over 22,000 square ft., offers customers a wide range of fresh fruit and...
Food
No proposal to review FDI in multi-brand retail: Nirmala Sitharaman
The Government said that there is no proposal under its consideration to review the foreign direct investment (FDI) policy in the multi-brand retail sector.
According to a PTI report: "No proposal is under consideration of the Government to review the...
Retail
Govt looking forward to relax FDI norms for multi-brand retail
The Government is weighing the option of permitting overseas retailers to open stores for selling ‘Made in India’ products only as it looks to relax the norms for multi-brand retail for attracting more funds and generating more jobs.
According to...
International News
Tesco wages price war on Unilever, stops stocking brand
Britain's largest grocery chain, Tesco, has dropped dozens of Unilever products from its website after a row over prices in the wake of a partly Brexit-driven slump in the British currency.
Some of the products whose stocks are dwindling include Marmite, Ben & Jerry’s ice-cream and Lynx...
Retail
Robots in Retail: 5 International retailers who are making Sci-Fi a reality
Imagine walking into a store and being greeted by a robot who will not just welcome you with a polite smile but will also fetch items from your shopping list for you, advise you on fashion choices or simply meander through aisles, taking inventory. Sounds like a...
Food
Foreign food companies keen to enter India: Harsimrat Kaur Badal
Minister for Food Processing Harsimrat Kaur Badal said on Thursday that her recent trip to the UK has been successful and lot of international retail and food processing companies have evinced interest to enter India into joint venture with...
Fashion & Lifestyle
Trent to raise Rs 300 crore via non-convertible debentures
Tata group retail firm Trent Ltd is planning to raise up to Rs.300 crore through issuance of non-convertible debentures on a private placement basis and has also approved stock-split to improve liquidity of the company's share.
“The board approved an...
Food & Grocery
AmazonFresh enters London, steps up pressure on UK supermarkets
Amazon has launched a British version of its US AmazonFresh food delivery service in central and east London, raising pressure on Britain’s already under-pressure “Big Four” supermarkets.
Its touted as a long-anticipated move by the world's largest online retailer to...
Latest News
Trent Hypermarket on an expansion spree
The joint venture of Trent Hypermarket and Tesco is now reshaping itself after a meticulously worked upon expansion. By the next fiscal, the chain will be opening 20-30 stores in Maharashtra and Karnataka which have been given permission for...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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