Tesco
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...
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...
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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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