User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Aug 31 2015 04:47 IST RSS 2.0
 
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Tesco to sell latest Iron Maiden album The Book of Souls in vinyl format 31.8.2015 The Guardian -- Front Page

Supermarket chain has been selling record players and will add fast-growing music format to its retail offering

Tesco is to tap into the rapidly growing vinyl music market this week when it sells the new album by British rock group Iron Maiden.

The Book Of Souls, the band’s first studio offering in five years, will be released on Friday, with the triple LP format going on sale in 55 of the chain’s largest Tesco Extra stores.

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Hero Cycles acquires majority stake in Avocet Sports 12.8.2015 New Kerala: Business India
New Delhi, Aug 12 : Hero Cycles announced on Wednesday that it has entered the European market by acquiring a majority stake in Britain-based cycle distributor Avocet Sports Ltd.
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Hero Cycles acquires UK-based cycle company Avocet Sports 12.8.2015 New Kerala: Business India
New Delhi, Aug. 12 : Hero Cycles, the world's largest cycle manufacturer by volume, announced its acquisition of majority stake in the UK-based cycle distributor, Avocet Sports Limited, to mark its entry into the high-value cycle market in Europe.
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Hero Cycles picks up majority stake in UK firm Avocet Sports 12.8.2015 HBL: Companies
Hero Cycles has acquired majority stake in the UK-based cycle distributor Avocet Sports Ltd to mark its entry into the high-value cycle market in Europe, the company said in a statement. ...
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Amazon leases warehouse in prime position to deliver food to London 10.8.2015 The Guardian -- Front Page

Move fuels rumours that company is planning imminent launch of UK grocery service that will pit it against supermarkets

Amazon has moved a step closer to launching a grocery service in the UK, taking over the lease on a warehouse previously used by Tesco.

The US online retailer is to use the site in Weybridge, Surrey, which used to be a Tesco distribution centre and is ideally positioned just inside the M25 to deliver fresh food to London shoppers.

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The scandal of the 89m tonnes of food binned while millions go hungry 21.7.2015 The Guardian -- Front Page

Supermarkets can act on “morally repugnant” food waste and work with charities and other partners to provide meals for vulnerable people

Earlier this month, the European parliament urged EU member states to encourage supermarkets to give away the estimated 89m tonnes of unsold food that is otherwise binned.

The move comes at a time when public health officials are increasingly concerned about the link between unhealthy eating and food affordability. Last week, UK health experts called for a tax on processed sugary foods and drinks, common in supermarkets’ low-cost product ranges.

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Single-brand retail a non-starter, only Rs 700 cr FDI in 9 yrs 19.7.2015 Deccan Herald - Business
India has received lukewarm response in the single-brand retail segment, getting only USD 135 million (about Rs 700 crore) of foreign direct investment in about nine years. On the other hand, one proposal in multi-brand retail alone has attracted an investment of USD 140.3 million (Rs 850 crore). The lowly FDI from 2006-07 to 2014-15 in single brand retail was received from over 80 proposals, which include Brooks Brother, a UK-based shoe firm, Pavers England and Burberry International Holdings all cleared by the government, an official said. In February 2006, 51 per cent FDI was permitted in single-brand retail. In January 2012, the government raised the cap to 100 per cent. FDI up to 49 per cent was allowed under the automatic route, but beyond that, government approval was required. According to industry experts, conditions related to mandatory sourcing and branding issues are impacting FDI inflows in the single-brand retail sector. "Relaxation is required in sourcing and branding provisions of the ...
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Single-brand retail fails to impress foreign investors 19.7.2015 DNA: Urban Tales
India has received lukewarm response in the single-brand retail segment, getting only $135 million (about Rs 700 crore) of foreign direct investment in about nine years. On the other hand, one proposal in multi-brand retail alone has attracted an investment of $140.3 million (Rs 850 crore). The lowly FDI from 2006-07 to 2014-15 in single brand retail was received from over 80 proposals, which include Brooks Brother, a UK-based shoe firm, Pavers England and Burberry International Holdings all cleared by the government, an official said. In February 2006, 51% FDI was permitted in single-brand retail. In January 2012, the government raised the cap to 100%. FDI up to 49% was allowed under the automatic route, but beyond that, government approval was required. According to industry experts, conditions related to mandatory sourcing and branding issues are impacting FDI inflows in the single-brand retail sector. "Relaxation is required in sourcing and branding provisions of the sector in order to attract more ...
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Single-brand retail receives sluggish response, only Rs 700 crore FDI in 9 years 19.7.2015 ET: Retailing
On the other hand, one proposal in multi-brand retail alone has attracted an investment of USD 140.3 million (Rs 850 crore).
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Single-brand retail a non-starter, only Rs 700 crore FDI in 9 years 19.7.2015 Hindu: Business
India has received lukewarm response in the single-brand retail segment, getting only USD 135 million (about Rs 700 crore) of foreign direct investment in about nine years. On the other han...
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Single-brand retail a non-starter, only Rs 700 cr FDI in 9 yrs 19.7.2015 News
On the other hand, one proposal in multi-brand retail alone has attracted an investment of Rs 850 cr
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Food fight: the secrets of the supermarket price war 17.7.2015 The Guardian -- Front Page
Grocery pricing is mysterious and highly competitive — and as Lidl and Aldi turn up the heat, the ‘big four’ have come under fire again. But if we’re being taken for a ride, why don’t we notice? How much is a box of cereal? Fix an answer in your head before you carry on. Now meet Louisa Masters, running her eye over a panoply of breakfast options in my local Tesco, before eventually alighting on a box of Special K, balancing it carefully on top of a small pyramid of other groceries and making for the till. Louisa, an office administrator on her way home from work, pauses outside to discuss the factors that informed her selection. “Ooh, I don’t know, you’ve got me thinking now,” she says, seeming a bit uneasy, as if she’d been asked about her tax affairs or her medical records. “Well, I usually get Special K. I like it! And it was on offer, wasn’t it?” It was. Louisa looks chuffed at this news. “I like getting a deal,” she explains. “It’s ridiculous how much money you can save these days.” So, how much is ...
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FDI in B2C e-commerce supported by MP, Karna... 16.7.2015 TOI: All Headlines
FDI in B2C e-commerce supported by MP, Karna...
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Many states including Madhya Pradesh, Karnataka, Goa back FDI in B2C e-commerce 16.7.2015 ET: Policy
While Goa also pitched for FDI in ecommerce, it wants effective control in online retail companies to remain in Indian hands by capping the FDI limit at 51 per cent.
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Retailers expected to raise prices or cut jobs to pay for minimum wage 13.7.2015 The Guardian -- Front Page

Moody’s predicts higher labour costs will be passed on to shoppers, although supermarkets are more likely to shed staff to keep prices low

Britain’s retailers are likely to increase prices or cut large numbers of jobs to pay for the rise in the minimum wage announced in the budget, according to Moody’s, the credit rating agency.

Moody’s said the centrepiece of George Osborne’s first post-election budget was credit negative for retailers, hotels and restaurant groups, which have high employee costs.

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Trent Hypermarket posts marginal dip in sales at Rs 790 crore 10.7.2015 ET: Retailing
During the year under review, the like-for-like sales growth of Star Bazaar stores was 1.1%, compared with 3.3% in the preceding year.
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For Tata's Trent, Zara is just a 'financial investment' 10.7.2015 News
Trent and Zara set up the joint venture in February 2009 and run 16 stores. Since inception, Zara has become the fastest growing brand in the country
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Ramadan's 'Iftar' gives Britain's big supermarkets 100M pounds sales boost 24.6.2015 New Kerala: World News
London, June 24 : With around three million UK Muslims breaking their fast in evenings during Ramadan, Britain's biggest supermarkets have benefitted 100 million pounds sales uplift.
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Tesco’s Indian arm undertakes layoffs across various levels to reduce costs 20.6.2015 ET: Retailing
In last three months, at least 100 employees have been told to leave, number may go up to 600 soon.
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Co-op commits £125m to slash prices of fruit and veg 17.6.2015 The Guardian -- Front Page

Co-operative Group makes pledge as it battles rival supermarkets and discounters to grab larger slice of retail sector

The battle among grocers for Britain’s shopping baskets has moved up a gear, with the Co-op ploughing £125m into cutting the prices of fresh fruit and vegetables in its 2,800 UK stores.

The move by Co-operative Food – in its attempt to become the UK’s number one convenience retailer – will escalate the price war between the big five supermarkets, in the face of the ongoing threat posed by discounters Aldi and Lidl.

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