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Organised retail to falter for next 18 months, says report

The growth in organised retail sales in India might continue to falter for the next 18 months and might fail to reach its envisaged share for 2012, showed a study by business consultancy KPMG. Organised retail’s share is expected to...

Shoppers lap up Tesco’s increased local produce

Global retail giant Tesco has revealed that the sales of locally sourced products have soared 30 per cent in the calendar year to date. According to Retail Week, the grocer initiated a strategy two years ago to ramp up its...

Tesco opens new format department store in Czech Republic

UK-based retailer Tesco has opened its new format department store in the Czech Republic city of Liberec. Branded ‘My Liberec’, the newly launched store is spread over 75,350 square feet area across two floors and retails apparels, homewares and...

Tesco to experiment in Czech Republic with new-look department store

British-based international grocery and general merchandising retail chain Tesco will open a department store under a new fascia in European country Czech Republic. Slated to open by the end of this month, the store will open in Liberec and...

Tesco plans expansion in Central Europe

UK retailer Tesco plans to open over 130 new stores in 2009 in Central Europe. According to media reports, 30 of these new stores will be in the Czech Republic. The new Czech locations will be small to mid-sized shops...

Tesco set to become world’s second largest retailer by 2012

Tesco is set to overtake Carrefour in the global turnover rankings within the next five years, making it the world’s second largest retailer after Wal-Mart. IGD’s latest report, Global Retailing: Preparing for Change, predicts that Tesco will grow at...

Tesco starts testing ‘Tesco Direct’ in small format ‘Tesco Metro’ stores

UK-based grocery retailer Tesco has installed Tesco Direct desks in 19 Tesco Metro stores. Further, the company plans to roll them out in all its stores if the project turns successful, according to company spokesperson. He further said, the company...

Shahnaz Husain ties up with TESCO, to enter Israel, Saudi Arabia too

In an attempt to boost its international presence, Shahnaz Husain has tied up with Tesco, UK leading retailer. As a part of the alliance, Tesco will sell Shahnaz Herbal products across all its stores, said a company spokesperson. Meanwhile, the...

Fresh & Easy opens additional stores in Arizona

Fresh & Easy Neighborhood Market opened its 25th and 26th locations in the Phoenix, Arizona, the US. The grocer has also announced plans for 37 locations throughout the valley. "We are excited to bring high-quality, affordable food and great jobs...

ProLogis to develop over one million sq ft in UK for Marks & Spencer

ProLogis, the world's largest owner, manager and developer of distribution facilities, announced that it will develop a new, 1.1 million-square-foot distribution facility for Marks & Spencer, a leading fashion, food and home products retailer in the United Kingdom. "Marks &...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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