User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Nov 26 2014 01:06 IST RSS 2.0
 
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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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No wonder superstores are dying were sick and tired of their culture | Joanna Blythman 26.10.2014 Guardian: Comment is Free
Britains longstanding exclusive relationship with the supermarkets is in terminal decline Ten years ago, I published my anti-supermarket book, Shopped , to a warm reception. In print, on air, at live events, audiences showed a surprising willingness to accept the charge sheet drawn up against our big chains. Supermarkets had closed down small shops, operated a feudal system with their suppliers, bullied their way into communities, encouraged consumption of rubbish food, generated unprecedented levels of food and packaging waste and clocked up environmentally ruinous food miles; this much was relatively uncontroversial. The stumbling block came when I said that I successfully organised my own food shopping so that I rarely used them. While a persistent minority always knew from personal experience that this was perfectly feasible, the more common reaction was that the idea of writing the once-a-week supermarket shopping trip out of your life, however appealing and laudably idealistic, was as impractical ...
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Black day for Tesco as profits fall by 92% 24.10.2014 The Guardian -- Front Page

Chairman Sir Richard Broadbent stands down as Deloitte finds bigger hole in retailers accounts than first estimated

Tescos profits for the first six months of 2014 have been nearly wiped out by the toxic combination of the recent accounting scandal and slumping sales at its declining UK store empire.

In another dark day for the supermarket giant, the accounting fiasco claimed the scalp of chairman Sir Richard Broadbent and the company said it was withholding million-pound payoffs to its former chief executive Philip Clarke and finance director Laurie McIlwee until an investigation into its mis-stated accounts by the City watchdog was complete.

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Buffett copycats risk a pounding as Berkshire portfolio suffers 23.10.2014 Latest News
It's not been a good time for Warren Buffett wannabes.Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals ...
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Tesco chairman to step down as overstatement of profits grows 23.10.2014 Latest News
The company last month said it had overstated profit by an estimated £250 million, prompting investors to cut their stake in the grocer
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Tesco chairman to step down 23.10.2014 TOI: Intl Business
The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought.
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Shopping in London 23.10.2014 HBL: Home
The city keeps its consumers on their toes with exciting experiences. There are lessons here for other markets
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After BJP's poll win, Tesco to be a test case in Maharashtra 20.10.2014 Latest News
Tesco is the only foreign multi-brand retailer to have made a proposal to operate stores in India
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