Tesco
Retail
Tesco opens logistics center as it expands
Tesco Plc China will open more than 20 stores this year and has opened its first freehold and largest logistics center in coastal Zhejiang province. Tim Ashdown, chief executive of Tesco China, said that in addition to its core...
Retail
Retailers adapt in China
Retailers including Wal-Mart, Ikea and Tesco are adapting their business models in China, reflecting several long term changes in consumer habits.Wal-Mart currently runs 339 branches in over 120 cities across China, and first purchased its own trading sites for...
Retail
Tesco, Gome enter strategic cooperation
Tesco PLC, the world's third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd. The move signals a further step in the UK retailer's development of shopping malls and underlines its...
Retail
Asda names McKenna as chief operating officer
Judith McKenna has been named chief operating officer of Asda, Britain’s second-biggest supermarket group by market share, succeeding former Tesco executive Simon King, who left after only six months in the post.Ms McKenna is Asda’s finance director and seasoned...
Retail
Reliance Retail rejig: Ex-Walmart China execs Cissell & Gray to join as CEO & COO
The retail subsidiary of India's largest private company is set for a top-level churn for the second time in two years as the country gears up to open its food and grocery retail market to foreign companies . Reliance...
Retail
Tesco Should Conduct Review of Fresh & Easy, CTW Says
Tesco Plc's incoming chairman Richard Broadbent should conduct a strategic review of its unprofitable U.S. chain Fresh & Easy, a pension advisory firm said.Tesco, the U.K.’s largest grocer, needs to outline a strategy for profitability at the unit, CTW...
Retail
FDI in retail likely within weeks
After years of debate, foreign direct investment in retail may soon be a reality with a panel of secretaries expected to approve the framework for allowing global retail chains to set up shop in India later this month. Government...
Retail
Tesco builds virtual shops for Korean commuters
Tesco's South Korean network of shops, called Home Plus, have grown to become the country’s second-largest supermarket after E-Mart since launching in 1999, but number two is never enough for Tesco. How, they asked themselves, can we become number...
Retail
Limit presence, but FDI in retail is a must: Noel Tata
At a time when the issue of opening up multi-brand retail to foreign companies is again gathering momentum, Noel N Tata, the man who played a key role in evolving the retail blueprint for the Tatas, has said foreign...
Retail
Sainsbury lands Ocado man in online drive
J Sainsbury has landed a new boss for its online business from internet specialist Ocado and created a position overseeing digital strategy, as Britain's retailers jostle for position in fast-growing e-commerce markets.The country's third-biggest supermarket group said on Thursday...
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Govt asks retailers to cut profit margins on pulses; pass on lower wholesale rates
The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players.New Delhi: The...
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