User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Apr 23 2014 16:55 IST RSS 2.0
 
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Primark to enter US market with Boston store 23.4.2014 The Guardian -- Front Page
Retailers including Marks & Spencer, WH Smith, Sainsbury's and Tesco have all found the US market a step too far

Primark, the cheap fashion chain that brought the £3 jumper dress to the British shopper, is moving into the American market.

The retailer will open its first store in Boston, Massachusetts, in 2015, and said it was in negotiations to open further stores in the north-east of America, with warehouses to support them.

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Foreign retailers eye wholesale as politics blocks retail FDI (Cached) 17.4.2014 Rediff: Business
Global retail behemoths seem to have read the signals right.
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The Trouble with Organised Retailing in India 17.4.2014 Forbes India

  Harvard Business School's Professor Rajiv Lal questions the belief that foreign retailers have a greater likelihood of success than Indian ones Read more

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Foreign retailers bullish on wholesale as politics blocks retail FDI 17.4.2014 Top Stories
As uncertainty grows over the country's investment policy, foreign retailers determined to stay on are happy to invest in wholesale trade
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Tesco bets on India to grow (Cached) 17.4.2014 Telegraph: Business
April 16: After exiting the US because of poor sales, Britain's supermarket giant Tesco is pinning its hopes on India even as the BJP, tipped to form the next government, has slammed the doors on foreign direct investment in multi-brand retail. The ruling Congress party, however, has made a strong pitch for FDI in multi-brand retail.
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Retailers shift focus as winds change 17.4.2014 Latest News
As uncertainty grows over the country's investment policy, foreign retailers determined to stay on are happy to invest in wholesale trade
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Tesco: the supermarket where the squeezed middle don't want to be | Anne Perkins 16.4.2014 Guardian: Comment is Free
Undercut by Aldi and Lidl and outdone by Waitrose, Tesco's fall in profits shows how it has struggled to adapt to modern Britain Tesco, king of the high street, emperor of out-of-town retail, is ailing . The business, which for decades hoovered up humbler retailers, is being devoured itself from the outside in. Cut-price stores, frill-free and nimble, have eaten up its profit margins and driven its market share to a 10-year low . Misjudged expansion of floor space to sell flat-screen TVs and computers, just as that kind of business migrated on to the web, have made things worse. Worse still have been its flagging attempts to get a foothold in the US, Europe and Asia. The Tescopolis years seem to be fading. Not that it's time for dancing on its grave. Trading profits are down by 6% but the stores still make £3.3bn before tax. Millions and millions of shoppers still spend billions of pounds at its hundreds of stores. It's just that they are spending a bit less about 3% less than last year, which was itself ...
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Tesco profits fall: what the analysts say 16.4.2014 The Guardian -- Front Page
Profits at the retailer, which is in its second year of decline, have fallen 6% to £3.3bn. Here is the reaction from City analysts

Tesco boss defiant despite 6% fall in profits
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Tesco profits fall 6% to £3.3bn in second year of profit decline - live 16.4.2014 The Guardian -- Front Page
Britain's largest retailer takes £800m writedown on China and Europe 8.12am BST Somewhat surprisingly, Tesco shares are up 3.6% at 296.7p. The FTSE 100 index has opened 0.7% higher. Bryan Roberts, retail insights director at market research firm Kantar Retail EMEA, said: While the decline in profitability and like-for-like UK sales comes as no surprise, it marks the end of a disappointing year for Tesco. Philip Clarke is coming in for a lot of harsh criticism from assorted commentators and ex-colleagues, but we hope that this is the end of the beginning rather than the beginning of the end for his tenure. He has made some tough but necessary decisions on international in particular, but there is still much to be done, in Ireland and Central & Eastern Europe in particular. In the UK, the two missing ingredients are clarity and consistency. The proposition, particularly in pricing, is muddled and confused. Tesco doesnt necessarily need to have the lowest prices to recover instead its pricing needs more ...
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Tesco to return to US market with F&F clothing business 15.4.2014 The Guardian -- Front Page
World's third-largest retailer to open seven stores with franchise partner Retail Group of America Continue reading...
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Tesco pays the full price for failure to offer discounts 13.4.2014 The Guardian -- Front Page
Dissatisfaction among investors and analysts is growing as the once dominant British supermarket sinks lower Continue reading...
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Allowing FDI not enough; new government needs to deal with operational inefficiencies (Cached) 13.4.2014 ET: Policy
If FIIs turned away by the inefficiency of Indian regulators, the venality of govt bodies & India Inc’s disregard for rules doesn't make them any keener.
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Tesco's mess-ups: let me count the ways 12.4.2014 The Guardian -- Front Page
Innovation is all very well but the suspicion with Tesco is that it has lost sight of its original purpose and how to do the basics Continue reading...
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High price, FDI norms derail Nilgiris sale 10.4.2014 News
Actis postpones sale of retail chain till after the general elections
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Tesco, Trent mum on future plans for multi brand retail (Cached) 9.4.2014 ET: Retailing
When contacted, Tesco and Trent declined to comment on their future business plans after BJP made its position on multi brand retail clear.
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Tesco, Trent Ltd mum on future plans for multi brand retail 9.4.2014 Top Headlines
British retail major Tesco and Tata group company Trent Ltd, which formed JV for multi-brand retail, are mum on their future...
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Multibrand retail Another roadblock 8.4.2014 Hindustan Times: Business
The BJP on Monday unveiled a plan to steer the economy out of mess but made it clear that it was opposed to FDI in multibrand retail HT takes a look at views from both sides of the ...
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Retail shutters stay but rethink on tax (Cached) 8.4.2014 Telegraph: Nation
New Delhi, April 7: The Big boys of retailing ' Walmart and Tesco ' won't like to hear this one: a Narendra Modi-led government will allow foreign direct investment in almost every sector barring multi-brand retail.
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Domestic retailers at peace with no FDI - Times of India 8.4.2014 Google News India
Domestic retailers at peace with no FDI Times of India NEW DELHI: While a cloud of uncertainty looms over the future of foreign retailers in India with the BJP manifesto looking to keep FDI out of multi-brand retail, homegrown retailers seem to be heaving a sigh of relief. The Opposition's plans may have come ...
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Retailers call BJP manifesto a poll gimmick 8.4.2014 Latest News
FDI in multi-brand retailing could be reversed if the party forms govt; India Inc seeks review of manifesto
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