User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Dec 12 2014 03:50 IST RSS 2.0
 
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Jeremy Hunt admits call from Tesco boss over chicken campylobacter tests 12.12.2014 The Guardian -- World Latest
Former FSA head asked for meeting over report on supermarket chicken, which was delayed ‘due to small sample size’ Continue reading...
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Amazon deliveries face delay as Yodel warns of Christmas parcel backlog 11.12.2014 The Guardian -- Front Page
Company, which handles parcels on behalf of retailers including Argos, Amazon, Boots and Tesco, says deliveries could take three days more than planned

Fears of a festive parcel logjam have escalated after Yodel, which claims to be Britain’s leading delivery company after Royal Mail, admitted it had stopped collecting parcels from retailers as it struggles to deliver the vast volume of online Christmas shopping.

After the splurge in spending in the so-called Black Friday last week, when 24-hour promotions pushed sales up 50% higher than expected, and the seasonal rush in online orders peaking on Monday, shoppers now face a wait to see if gifts and parcels arrive in time ahead of Christmas, with Yodel saying deliveries could take three days more than planned.

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Tesco’s troubles: what the analysts say 9.12.2014 The Guardian -- Front Page
Analysts give their opinions on prospects for the UK’s biggest retailer on a day when its share price crashed to a 14-year low

Tesco, the UK’s biggest retailer, has issued its fifth profit warning in 12 months. It now expects profits for the year to February 2015 will be no more than £1.4bn, substantially below market expectations, which ranged from £1.8bn and £2.2bn. Tesco’s shares crashed by 16% on the news to a 14-year low of 156p.

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Retail stocks put up a variety show 1.12.2014 HBL: Home
Some gained from discounted sales, others up on positive sentiment
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Christmas shopping frenzy moves online for Cyber Monday 29.11.2014 The Guardian -- Front Page
After Black Friday, home shoppers are expected to spend £650m online on Cyber Monday – but they will still have to queue

After Black Friday’s pitched supermarket battles over discounted TVs and domestic gadgets, the retail frenzy moves online to a day the industry has christened Cyber Monday, with nearly £650m expected to be spent with the click of a mouse.

Retailers have turned this weekend into a multibillion-pound shopping marathon as promotions target pre-Christmas pay packets. “Black Friday now marks the start of the online shopping season,” said Tina Spooner, chief information officer at online retail trade body IMRG, who said it could be another record-breaking Christmas for online retailers as shopping habits change.

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Black Friday fever: police deal with desperate shoppers 28.11.2014 The Guardian -- Front Page
Some bargain hunts turn into trolley warfare, with police accusing Tesco executives of inadequate planning

Black Friday shopping fever has engulfed the UK, with fights breaking out between bargain-hunting shoppers, stores forced to close, and retailers’ websites crashing as shoppers scrambled to grab discounted goods.

Police were called to at least 16 Tesco stores around the country after staff were overwhelmed by 500-strong crowds battling over discounted TVs, kitchen goods and clothing. The scenes led one senior police officer to call on shoppers to ask themselves: “What on Earth was I doing?”

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Dirty chicken scandal: campylobacter found in eight out of 10 UK birds 27.11.2014 The Guardian -- Front Page
Food watchdog warns that Asda has worst rate of contamination but all other supermarket chains failing to meet national targets Food poisoning scandal: how chicken spreads campylobacter Eight out of 10 fresh chickens bought from UK supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said, warning that not one individual chain is currently meeting national targets over the issue. Following six months of testing, an average of 70% of supermarket chickens proved positive for campylobacter on samples of skin. Within that, the Food Standards Agency said, the more recent three months of tests from May to July showed an 80% incidence. The bug tends to be more prevalent during the summer, but consumer groups expressed shock at the soaring ...
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Tesco director facing questions about lobbying government over dirty chicken report 26.11.2014 The Guardian -- Front Page
Exclusive: Former FSA chief Tim Smith understood to have warned Department of Health that revealing food poisoning contamination rates could provoke a food scare and damage the industry • Campylobacter: costly problem producers don’t want to tackle The former head of the Food Standards Agency (FSA), who went straight from his job as regulator to a lucrative role as technical director of Tesco, lobbied the government this summer about its plans to publish the official food poisoning contamination rates for supermarket chicken, the Guardian has been told. Tim Smith is understood to have warned the Department of Health in June that FSA proposals for publishing results, which included naming and shaming individual supermarkets, could provoke a food scare and damage the ...
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Indian IT professionals provide ammo for retail wars in US 21.11.2014 TOI: All Headlines
Indian IT professionals provide ammo for retail wars in US
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Bengaluru turns tech war zone for global retailers as biggies like Wal-Mart and Target scramble to hire engineers 21.11.2014 ET: Retailing
Walmart, Target, L Brands and Lowe's are all scrambling to hire talented engineers in this southern city as they push to conquer new frontiers of e-commerce.
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Big supermarkets may be dying, but they leave a plague on the landscape | Simon Jenkins 20.11.2014 Guardian: Comment is Free
Shuttered out-of-town retail stores will languish and become the coalition’s most visible legacy to the British environment I have to admit, the Jenkins household now shops online. On Saturday morning the doorbell rings, and there stands a young man with the weekly supplies in neat recyclable bags. He has replaced the weekly trudge to the supermarket. Something may be lost, but a deal of time and shoe leather is saved. I am one of millions: it is expected that 90% of the rise in British retail spending by 2016 will be online. The age of the big supermarket, like that of the battleship, may limp on, but the glory days are over. One in five supermarkets needs to close , Goldman Sachs said this week, especially the gigantic ...
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Sainsburys to splash out £150m on price cuts as it slumps to first-half loss 12.11.2014 The Guardian -- Front Page
Supermarket fighting to attract shoppers away from discount chains, as underlying profits before tax drop 6.3% to £375m

Sainsburys has unveiled £150m of price cuts to fight back against bigger rival Tesco and the discount chains, after slumping to a first-half loss.

As the supermarket price war intensifies, the company warned that underlying profits will be lower in the second half of the year than the first and that it was likely to be cutting its dividend payout in order to fund price cuts and product improvements.

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European markets pull back on FX settlement 12.11.2014 HBL: Home
European shares and core bond yields fell on Wednesday, bucking a strong performance in Japan, with bank stocks under pressure following a landmark $3.4-billion settlement over allegations of pric...
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The big leap 10.11.2014 Sify Finance
Sometimes, even the most mundane things can extend some profound perspectives. There was this retailer who noted a simple habit of one of his regular morning shoppers while running
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The big leap 10.11.2014 Features
More and more traditional consumer companies are borrowing research skills and tools from their online counterparts
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Tesco aims to light up its fortunes with sparkly Christmas TV ad 9.11.2014 The Guardian -- Front Page
UKs biggest retailer joins £1.5bn battle of the supermarkets for share of crucial seasonal spending which will see social media targeted heavily as well as TV and print If ever a company needed a boost, its Tesco. So all eyes will be on tonights debut screening of its Christmas advert , to be shown during the finale of Downton Abbey on ITV. Can a seasonal advert stop the rot and arrest falling sales after one of the toughest years in the beleaguered supermarkets history? The advert marks the end of a weekend of television packed with Christmas spots from major retailers, including John Lewis, Marks & Spencer, Argos and Asda. Sainsburys and Morrisons are also revving up to launch their Christmas campaigns this week as the countdown to the most important retail season of the year begins in ...
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Future, Tesco Data company in JV to develop customer insights 1.11.2014 ET: Retailing
The Future Group has formed a joint venture with Dunnhumby, a data analysis company owned by British retailer Tesco, to develop and sell customer insights to clients in India.
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Future Group ties up with Tesco arm for customer data analysis 31.10.2014 ET: Retailing
dunnhumby operates similar joint venture partnerships with retailers across the globe including the Kroger Co. in the US, Metro in Canada, Gruppo Pam in Italy.
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Tesco's Dunhumby, Future Group to forge JV 31.10.2014 News
Dunhumby is Tesco's data analytics company
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Halloween outfits for £10 or less and some for much more 27.10.2014 The Guardian -- Front Page
Frightful outfits you can buy without scaring the bank manager, or you could push the boat out and spend the best part of £1,000 Two-thirds of us are planning to celebrate Halloween this year, with analysts Planet Retail expecting the occasion to trigger a £330m American-style spending boost for the UK economy. Costume sales alone are expected to reach £148m, with one in four of us intending to give the mirror (at least) a fright on 31 October. You could, of course, make your own no-one ever went wrong with an old sheet but if youd prefer to get something off the peg here are some ideas. With the typical Halloween-reveller still only willing to part with just £10.77, on average, to mark the occasion, where can you find the best Halloween costumes for a tenner or less? And, at the other extreme, whats the maximum you could spend dressing up, if money were no ...
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