User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
1 new since Nov 01 2014 11:52 IST RSS 2.0
 
1 to 20 of 1,671    
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.
Also found in: [+]
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.
Also found in: [+]
Tesco's Dunhumby, Future Group to forge JV 31.10.2014 News
Dunhumby is Tesco's data analytics company
Also found in: [+]
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 ...
Also found in: [+]
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 ...
Also found in: [+]
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.

Continue reading...
Also found in: [+]
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 ...
Also found in: [+]
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
Also found in: [+]
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.
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
Amazon to hire 1,000 UK distribution staff 13.10.2014 The Guardian -- Front Page
Online retailer, which has faced criticism for its working conditions, said permanent employees now work four 10-hour shifts a week, giving them three days off

Amazon plans to hire 1,000 permanent staff at its UK distribution centres to meet growing demand for goods online.

Britains biggest online retailer now employs 6,000 people at its warehouses and customer service centres in the UK. It will take on the extra staff in the next few months.

Continue reading...
Also found in: [+]
The unromantic truth: supermarkets arent dying, and thats a good thing 11.10.2014 The Guardian -- Front Page
Tesco et al are our only hope if we are to feed the nation sustainably. So we need a reckoning, not a revolution For those minded to hate supermarkets and all their evil works, these have been sunlit days. With sales tanking at Sainsburys, Morrisons and Tesco, and the latter under investigation for overstating potential profits, some commentators have found the temptation to declare the end of big food retail just too hard to resist. We are apparently heading back to the days of Heartbeat and All Creatures Great and Small, when we all shopped locally, buying little and often from kindly shopkeepers who knew us by name. Its an appealing fantasy. That, however, is all it is. Sure, there may have been some increase in purchases from independent shops, but its from a very low base. Shopping little and often is generally a lifestyle choice for the affluent middle classes. Many people on low incomes dont have that choice, or the time. And while it may be an appealing fantasy, it really isnt a desirable one. ...
Also found in: [+]
Why supermarkets are on the way out 8.10.2014 The Guardian -- Front Page
The supermarkets business model is as broken as that of banking and Aldi and Lidl offer no magic fix Empires often seem at their most indomitable shortly before they fall. The march of the supermarket giants across our food and shopping landscape has, until very recently, felt inexorable. There is barely a small town in the country where the big chains have not planted their ring-road retail sheds however strong the local opposition and it seemed there was no part of our consuming lives they did not want to capture. Yet suddenly here they are in precipitate decline in the UK: Tesco , Sainsburys , Morrisons , skirmishing over falling sales, cannibalising their own profits with a price war, belatedly throwing margin cuts at the threat from the German discounters Aldi and Lidl . Asdas parent company, Walmart , has cut its profits forecast ...
Also found in: [+]
Tesco moves step closer to Tata; aligns top management of its back-end unit with Trent Hypermarket 6.10.2014 ET: Retailing
Tesco’s core business in India has been restricted mainly to Tesco Hindustan Wholesaling, which supplies merchandise, including its own labels.
Also found in: [+]
Brutal competition batters supermarkets the world over 5.10.2014 The Guardian -- Front Page
As discount chains knock spots off Sainsbury's, Tesco, Asda, and Morrisons in the UK, grocers in Europe and further afield are suffering too. Observer writers check out shopping struggles from Berlin to Beijing As they scramble to maintain market share, the big four British grocers can take comfort from the fact that at least they are not alone. The global supermarket industry has its share of epic competitive scraps, too. In Europe alone, the discounters that have wrought havoc for Tesco, Morrisons, Asda and Sainsbury's have an even more powerful grip on the industry. While Aldi and Lidl control around 8% of the UK market, according to figures from market research group Kantar the share controlled by discounters in France is 10% and in Germany home of Aldi and Lidl it is 37%. In the UK, two-thirds of the market is controlled by four players; this is the same as in Germany, while in France 56% of the market is controlled by the top four and in Spain just under 50%. A look at these markets, plus some of ...
Also found in: [+]
INSIGHT - Tesco's 250 million pound black hole: Who was minding the shop? 2.10.2014 Sify Finance
Also found in: [+]
Tesco’s 250-mn-pound black hole: Who was minding the shop? 2.10.2014 HBL: Home
"Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound ($410 million) sized ho...
Also found in: [+]
Tesco has become too big to fail its time to break it up 30.9.2014 The Guardian -- Front Page
We cannot be so dependent on one company to distribute the nations food, argues retail expert Bill Grimsey

Imagine a world without Tesco. Difficult isnt it? So ubiquitous is Britains biggest retailer that no high street seems right without it.

But then didnt we used to say the same about Woolworths?

Continue reading...
Also found in: [+]
Tesco chiefs face grilling by MPs 25.9.2014 The Guardian -- Front Page
Committee chairman Adrian Bailey says Tesco has questions to answer and ponders widening inquiry into grocery sector

Tesco executives could face a parliamentary committee over its overstatement of profits, the select committee chairman told the BBC on Thursday.

Adrian Bailey told BBC Radio 5 Live that Tesco executives could be asked to explain its £250m misstatement of first-half profits which wiped £2bn off its stock market value.

Continue reading...
Also found in: [+]
1 to 20 of 1,671