Tesco
Retail
Marks & Spencer boss Marc Bolland has his eye on a return to the US market
Marks & Spencer boss Marc Bolland used his first set of annual results to signal that a return to the American market is on the cards for Britain’s biggest clothing retailer.In an unguarded moment, the Dutchman explained cracking the...
Retail
Tesco looks overseas for ‘change of gear’
Tesco plans to create new brands to spruce up its product ranges and appeal to increasingly aspirational shoppers across the world, its new chief executive told Reuters.Phil Clarke, outlining his strategy for the British supermarket group, also said Tesco...
Beauty & Wellness
Tesco’s first cash-and-carry store plan in India, hits snag
World's third largest retailer, UK-based Tesco Plc, to set up its first cash-and-carry format store in India have hit a roadblock with the Karnataka Government. The government refusing to issue the company license for sales in the state of...
Retail
Tesco takes steps to provide transparency to customers
Tesco has recently made changes to 'Price Check' for providing real transparency to customers and reassure them in the face of “misleading claims” by Asda, the company said in a statement.“When we compare our customers’ baskets with Asda’s prices,...
Retail
Mofcom Inks Deal With Tesco For Sustainable Retail Development
British retail giant Tesco has signed a letter of intent with the Department of Commercial Services Administration of the Ministry of Commerce of China to jointly promote the sustainable development of the Chinese retail industry.According to local media reports....
Retail
Buffett: Tesco must look hard at Fresh & Easy
The UK’s largest grocer Tesco must look hard at its Fresh & Easy operation in the US, according to billionaire investor Warren Buffett.Buffett, who holds a three per cent share in Tesco, was talking at a shareholders conference in...
Retail
Discount retail back in fashion as consumers adjust to austere times
Despite a dreadful start to the year for the high street, consumers are spending strongly again in one part of the retail sector, with Britain's discount grocers and Primark, the value fashion chain, welcoming ever more bargain hunters in...
Retail
Tesco’s group sales up 8.1 per cent
UK-based retailer Tesco has posted an 8.1 per cent growth in sales – at £67.6 bn – for the financial year ended February 26, 2011, the company said in a statement.Tesco's underlying profit before tax rose 12.3 per cent...
Retail
Walmart to create 10,000 jobs in Chicago by 2015
Walmart has recently opened two new stores in Chicago; these stores will put the company well on its way in creating 10,000 jobs in the city by 2015. Chicago's Walmart Express stores will be less than 30,000 sq. ft...
Retail
Asda on expansion spree
Asda is set to open 168 stores in 2011, adding 1.8m sq ft of retail food space in, the largest single year of growth in its history. The additional space is a combination of planned organic growth and the...
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Latest News
Motilal Oswal MF sells Zomato shares for Rs 646 crore
Motilal Oswal MF sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based ZomatoNew Delhi: Motilal...
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