Tesco
Retail
Tesco aims to double returns in central, east Europe
Tesco , the world's No.3 retailer, on Wednesday detailed plans to double returns from its central and eastern European business by buying more goods regionally, opening a variety of stores and selling more services.At its annual results in April,...
Retail
Asda sales hit by rival discount store chains
New market share figures show supermarket group Asda on the back foot as the UK food market polarises with discount chains Aldi and Lidl and upmarket grocer Waitrose sprinting ahead of the pack.Asda was the biggest loser from the...
Retail
Morrisons to give own brand range biggest ever makeover
MORRISONS is to embark on a major relaunch of its multi-billion pound own label range and has poached Arla Foods’ top marketer to spearhead the campaign.Danny Micklethwaite has left Leeds-based dairy group Arla to take on the newly created...
Retail
Asda chief in shock stepdown
Simon King, the chief operating officer at Asda, has left the grocer after less than six months in the role, in a move that has sent shockwaves through the sector. The former Tesco executive joined the Walmart-owned grocer in...
Retail
Trading ‘toughest in 30 years’ – Sainsbury’s boss
Sainsbury's had robust performances from its clothing and homewares ranges and convenience stores to thank for an improvement in its first-quarter sales, although these were lower than City forecasts. The UK's third-biggest grocer was boosted by the warm weather...
Retail
Tesco misses UK sales forecasts, overseas better
Tesco, the world's No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market, as rising prices and government cutbacks hit shoppers.The supermarket group said on Tuesday sales at British stores open...
Retail
Best Buy Europe strategy under review
Best Buy is poised to put its European expansion plans on hold, a move that could raise questions over its commitment to electricals retailing in the UK.Best Buy Europe is unlikely to make a final decision by the time...
Retail
U.K. retailers missing South American opportunity
U.K. retailers Marks & Spencer Group Plc, Tesco Plc and J Sainsbury Plc are missing an opportunity by excluding South America from their expansion plans, according to a report by global management consulting firm A.T. Kearney.Brazil is the most...
Retail
Tesco planning to boost sales with new brands
Tesco, Britain’s biggest retailer, is preparing to launch the first of a range of new brands over the next few weeks as it seeks to bolster its performance.Philip Clarke, the new chief executive, is expected to launch the new...
Retail
Tesco – Britain’s biggest retailer targets green growth
Tesco has grown into the UK's biggest retailer but has ambitious plans to become zero-carbon by 2050 without offsetting, and it's making headway.Britain's biggest retailer is applying a simple but ambitious formula to its long-term expansion plans – future...
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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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