Advertise with fastmoving.co.za
 
 

TESCO NEWS ON FASTMOVING

Subscribe to tesco

Pepco Group appoints Tesco veteran to run PEPCO retail brand

Pepco Group appoints Tesco veteran to run PEPCO retail brand

09/10/2019 - 11:22
Pepco Group, a European discount retailer, has appointed former Tesco executive Trevor Masters as managing director of its largest business PEPCO. read more
Tesco's Chief Executive to step down

Tesco's Chief Executive to step down

02/10/2019 - 08:42
Tesco has made the surprise announcement that its Chief Executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, a renowned executive working for Walgreens Boots Alliance. read more
Unilever, Tesco, Nestlé ranked top on meat alternatives

Unilever, Tesco, Nestlé ranked top on meat alternatives

08/08/2019 - 10:39
Unilever, Tesco, and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5-trillion in assets. read more
Tesco to cut 4,500 jobs in Metro restructuring

Tesco to cut 4,500 jobs in Metro restructuring

06/08/2019 - 13:55
British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. read more
Tesco says no timetable for 'finest' store launch

Tesco says no timetable for 'finest' store launch

20/06/2019 - 09:10
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
UK retailer Tesco restructuring threatens 9,000 jobs

UK retailer Tesco restructuring threatens 9,000 jobs

29/01/2019 - 11:29
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco. read more
Tesco trials reverse vending machines

Tesco trials reverse vending machines

01/10/2018 - 08:47
Tesco has launched a reverse vending machine trial as part of its efforts to reduce plastic waste and encourage recycling. read more
Tesco unveils new discount chain Jack’s

Tesco unveils new discount chain Jack’s

20/09/2018 - 14:08
British supermarket group Tesco has thrown down the gauntlet to German discounters Aldi and Lidl by launching what it says will be the cheapest store in town – Jack’s. read more
Tesco links up Jamie Oliver to push healthier eating

Tesco links up Jamie Oliver to push healthier eating

10/09/2018 - 14:31
Tesco is stepping up its drive to encourage its customers to follow healthier diets by linking up with celebrity chef and campaigner Jamie Oliver. read more
Tesco the first of the Big 4 to offer canned water amid war on plastic

Tesco the first of the Big 4 to offer canned water amid war on plastic

08/08/2018 - 10:25
Tesco has become the first Big 4 supermarket to offer customers water in aluminium cans in a bid to provide an environmentally friendly alternative to plastic water bottles. read more
Aldi & Lidl have a more loyal customer base than all the UK Big 4 supermarkets

Aldi & Lidl have a more loyal customer base than all the UK Big 4 supermarkets

06/08/2018 - 11:27
Aldi and Lidl have a more loyal customer base than all of the UK’s Big 4 supermarkets, according to new research.  read more
Tesco and Carrefour announce joint purchasing tie-up

Tesco and Carrefour announce joint purchasing tie-up

03/07/2018 - 09:20
Tesco and Carrefour have announced plans to enter into a “long-term, strategic alliance”, with the aim of getting better deals from multinational suppliers, cutting costs, and combating increased competition in their domestic markets. read more
Tesco scraps brand guarantee scheme

Tesco scraps brand guarantee scheme

26/06/2018 - 08:26
Tesco has announced that it will end its ‘Brand Guarantee’ scheme by the middle of next month as it wants to focus on lowering prices for customers on everyday products. read more
Tesco delivers 10th consecutive quarter of sales growth

Tesco delivers 10th consecutive quarter of sales growth

18/06/2018 - 08:16
Tesco has delivered its 10th consecutive quarter of sales growth, thanks to an uptick in like-for-likes and its newly-consolidated Booker division.  read more
Tesco reduces use of best before dates in a bid to cut food waste

Tesco reduces use of best before dates in a bid to cut food waste

22/05/2018 - 14:25
Tesco will remove best before dates on the packaging of nearly 70 of its fruit and vegetable lines as it aims to reduce food waste.  read more
Tesco crowned best grocer at industry awards

Tesco crowned best grocer at industry awards

27/03/2018 - 09:54
Tesco is celebrating picking up two gongs last week at the Retail Week Awards, including ‘Best Grocer’. read more
Tesco completes Booker takeover

Tesco completes Booker takeover

06/03/2018 - 12:48
Tesco’s drawn-out takeover of Booker was finally completed following last week’s approval by both sets of shareholders. read more
Tesco offers excess food to staff in a bid to eliminate food waste

Tesco offers excess food to staff in a bid to eliminate food waste

29/01/2018 - 15:58
Tesco employees will be able to receive free food which is approaching its expiry date as the retailer seeks to prevent further food from going to waste. read more
Tesco launches largest own-brand vegan range

Tesco launches largest own-brand vegan range

09/01/2018 - 10:38
Tesco has launched the largest own-brand range of 100 percent plant-based meals as the vegan health craze continues to rage. read more
Tesco pledges to halve food waste by 2030

Tesco pledges to halve food waste by 2030

22/09/2017 - 10:23
Tesco has announced a major initiative to ramp up its sustainability operations, pledging to reduce food waste by 50 percent by 2030. read more
Tesco’s sales growth beats main UK rivals

Tesco’s sales growth beats main UK rivals

23/08/2017 - 14:29
Tesco’s sales growth outpaced its main UK rivals in the past month as the UK’s biggest grocer continued its revival in the face of a squeeze on disposable incomes. read more
Tesco to sell mini-avocados in food waste reduction scheme

Tesco to sell mini-avocados in food waste reduction scheme

21/08/2017 - 08:26
Tesco has launched a new food waste reduction initiative selling by egg-sized avocados which would usually have been discarded by suppliers. read more
Wholesale might be tempting, but are the grocers going to be led astray?

Wholesale might be tempting, but are the grocers going to be led astray?

10/08/2017 - 15:05
2017 may have made wholesale improbably sexy for the grocers – the Tesco-Booker deal has lured its competitors into trying new things – but not all of them will succeed in the chase.  read more
Tesco replaces single-use plastic bags with ‘Bag for Life’

Tesco replaces single-use plastic bags with ‘Bag for Life’

10/08/2017 - 10:24
Tesco UK has replaced its standard single-use plastic bag with a new ‘Bag for Life’, which is composed of 94% recycled plastic. read more
Tesco rolls out contactless loyalty cards

Tesco rolls out contactless loyalty cards

18/07/2017 - 13:15
Tesco has started introducing contactless loyalty cards to customers. read more
Tesco pledges to make clothes chemical-free

Tesco pledges to make clothes chemical-free

14/07/2017 - 14:40
Tesco has become the latest retailer to commit to removing chemicals thought to be hazardous from the supply chain of its clothing brand. read more
Tesco introduces “biggest investment in store pay for a decade”

Tesco introduces “biggest investment in store pay for a decade”

26/06/2017 - 11:32
Tesco has announced a new pay deal seeing an increase in hourly staff wages by 10.5 per cent over two years. read more
Major UK retailers sign sustainable cotton pledge

Major UK retailers sign sustainable cotton pledge

07/06/2017 - 13:51
Some of the UK’s biggest retailers have signed up to the Prince of Wales’ International Sustainability Unit, promising to ensure 100 percent of their cotton will come from sustainable sources by 2025. read more
Tesco successfully completes its first one-hour robotic delivery

Tesco successfully completes its first one-hour robotic delivery

02/06/2017 - 11:22
The UK’s largest supermarket has successfully completed its first one-hour robotic delivery, fighting back against tech giant Amazon’s foray into the sector. read more
Tesco introduces shopping filter app for customers with diets and intolerances

Tesco introduces shopping filter app for customers with diets and intolerances

17/05/2017 - 15:06
British retailer Tesco has announced a partnership with Spoon Guru to help its customers with specific diets and tastes to quickly and easily find suitable food when shopping. read more
Tesco pledges to source 100% of power from solar by 2030

Tesco pledges to source 100% of power from solar by 2030

15/05/2017 - 16:42
UK retailer Tesco has said that it plans to source 100% of its electricity from solar power by 2030, and will also push its suppliers to adopt a ‘greener’ mindset, according to local press reports. read more
Tesco to report a return to financial health

Tesco to report a return to financial health

11/04/2017 - 10:58
After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profits. read more
Tesco launches ‘Food Waste Hotline’ for suppliers

Tesco launches ‘Food Waste Hotline’ for suppliers

14/03/2017 - 16:18
Tesco has launched an online ‘food waste hotline’ aimed at making it easier for suppliers and growers to pinpoint ongoing food waste hotspots, and work with the retailer in tackling them. read more
Waitrose named UK’s best supermarket as Iceland tops list of online grocers

Waitrose named UK’s best supermarket as Iceland tops list of online grocers

17/02/2017 - 10:51
Shoppers were asked to rate stores based on factors such as store appearance, ease of finding products and overall quality of fresh products. read more
Tesco buys wholesaler Booker for $4.7bn

Tesco buys wholesaler Booker for $4.7bn

30/01/2017 - 12:07
UK’s biggest supermarket has announced a landmark £3.7 billion deal to acquire the Booker group. ($4.7 billion, 4.4 billion euros) read more
Tesco trials new anti-fraud Tap&Tag technology

Tesco trials new anti-fraud Tap&Tag technology

24/10/2016 - 09:54
Tesco has rolled out new Tap&Tag technology, which aims to replace paper receipts completely with digital ones. read more
"Marmageddon" avoided as Tesco and Unilever settle dispute

"Marmageddon" avoided as Tesco and Unilever settle dispute

14/10/2016 - 16:43
Tesco and Unilever have settled their dispute over prices and called an end to “Marmitegate”, following the grocer's refusal to pay an extra 10 per cent for goods. read more
Surplus supermarket fights back against food waste

Surplus supermarket fights back against food waste

22/09/2016 - 16:35
A new shop selling surplus supermarket stock has opened in Leeds to an overwhelming reception.  read more
Tesco pushes its "Scan as you Shop" service

Tesco pushes its "Scan as you Shop" service

05/09/2016 - 12:32
Tesco has pushed its new Scan as you Shop service to a further 20 stores nationwide. read more
Tesco stores along London's night tube lines to open 24 hours

Tesco stores along London's night tube lines to open 24 hours

22/08/2016 - 09:47
Tesco is jumping on the night tube bandwagon by opening an additional seven of its London stores for 24 hours this weekend. read more
First-Ever Global Standard to Measure Food Loss and Waste Introduced by International Partnership

First-Ever Global Standard to Measure Food Loss and Waste Introduced by International Partnership

29/06/2016 - 17:17
COPENHAGEN and WASHINGTON, 6th June 2016 - A partnership of leading international organisations is launching the Food Loss and Waste Accounting and Reporting Standard at the Global Green Growth Forum (3GF) 2016  read more
New Consumer Goods and Retail Industry Study Reveals Need to Rethink the Value Chain

New Consumer Goods and Retail Industry Study Reveals Need to Rethink the Value Chain

29/06/2016 - 15:50
The Consumer Goods Forum and Capgemini call for needed industry change to secure long-term, sustainable growth; Existing value chains must evolve to consumer-driven value networks  read more
Tesco maintains quarterly growth as turnaround momentum

Tesco maintains quarterly growth as turnaround momentum

23/06/2016 - 10:18
London - Tesco reported a second straight quarter of UK sales growth, the first time it’s done so in five years as the grocer’s turnaround gains momentum. read more
Woolworths well on its way to healthier queues

Woolworths well on its way to healthier queues

10/06/2016 - 11:53
By the end of June, half of all Woolworths stores will have removed sweets and chocolates from the checkout aisle, and replaced them with "better snacking options", says the retailer. read more
Tesco puts Sainsbury’s customers on its list - UK

Tesco puts Sainsbury’s customers on its list - UK

13/04/2016 - 08:50
London - Tesco has set its sights on winning over Sainsbury's customers as it geared up to reveal a recovery going from strength to strength. read more
Tesco breaks its downward slide - UK

Tesco breaks its downward slide - UK

09/03/2016 - 16:12
London - Tesco's fortunes are starting to improve, if the latest wave of supermarket sales data is anything to go by. read more
Global vision for Eastern Cape retail sector

Global vision for Eastern Cape retail sector

01/03/2016 - 10:25
Port Elizabeth – The Eastern Cape retail sector is set to benefit from key global insights when South African expatriate Troy Zunckel returns to the country after more than a decade of international retail experience in Dubai.  read more
Sainsbury’s did better than rivals - UK

Sainsbury’s did better than rivals - UK

10/02/2016 - 09:54
London - British supermarket Sainsbury's continued to outperform the industry in the early weeks of 2016, industry data showed on Tuesday. read more
Tesco is torn apart - U.K.

Tesco is torn apart - U.K.

27/01/2016 - 12:46
London - Tesco deliberately and repeatedly withheld money owed to suppliers to boost its sales performance artificially, in a serious breach of supermarket regulations, the sector's watchdog has found. read more
Sainsbury's on course to beat profit forecasts - UK

Sainsbury's on course to beat profit forecasts - UK

01/10/2015 - 10:53
London - British supermarket chain Sainsbury's raised its full-year profit forecast on Wednesday after posting a better than expected quarterly performance, raising hopes that the battered sector could be hitting the bottom and sending its shares soaring. read more
Tesco slammed for paying boss too much - UK

Tesco slammed for paying boss too much - UK

29/06/2015 - 14:16
London - Campaigners hijacked Tesco's annual meeting with calls to pay its supermarket workers the living wage, amid a shareholder revolt over chief executive Dave Lewis's multimillion-pound pay deal.  read more
Morrisons meeting shines light on empty shelves - UK

Morrisons meeting shines light on empty shelves - UK

08/06/2015 - 09:03
London - One of the biggest problems facing Morrisons' new boss David Potts as he attempts to turn around Britain's fourth largest supermarket was highlighted at its annual shareholder meeting - not enough stock on store shelves. read more
Tesco faces showdown with top lawyer - UK

Tesco faces showdown with top lawyer - UK

29/05/2015 - 14:12
London - A highly respected commercial lawyer has been drafted in by a group set up to sue Tesco over last year's accounting scandal in what could turn into a multi-billion-pound lawsuit.  read more
Tesco paid new boss £4m in first six months - UK

Tesco paid new boss £4m in first six months - UK

25/05/2015 - 10:14
London - Britain's biggest retailer Tesco paid new chief executive Dave Lewis £4.1m in the six months after luring him from consumer goods group Unilever and tasking him with turning around the firm. read more
Tesco axes PwC - UK

Tesco axes PwC - UK

11/05/2015 - 13:24
London - Tesco has dumped its auditors of 32 years, PwC, in the wake of the £263m accounting scandal that hit the supermarket last year.  read more
Coupe sees 15% market share for discounters - UK

Coupe sees 15% market share for discounters - UK

08/05/2015 - 11:30
London - Sainsbury's chief executive Mike Coupe has predicted discount supermarkets are set to gobble up nearly 15 percent of the market by 2022. He is the first boss of a major grocer to tell the City how much damage he believes Lidl and Aldi can inflict on the big four.  read more
Morrisons names Potts as new boss - UK

Morrisons names Potts as new boss - UK

26/02/2015 - 11:27
London - Britain's No. 4 supermarket Morrisons has named former Tesco executive David Potts as its new chief executive, completing a triumvirate of ex-Tesco men at the top of the firm.  read more
Tesco names Allan as chair - UK

Tesco names Allan as chair - UK

18/02/2015 - 08:52
London - Tesco, Britain's biggest retailer has named John Allan as its new chair, succeeding Richard Broadbent who said in October he would step down in the wake of the supermarket's 263-million-pound profit overstatement.  read more
Watchdog to probe Tesco's supplier practices - UK

Watchdog to probe Tesco's supplier practices - UK

06/02/2015 - 12:24
London - Britain's grocery industry watchdog opened an investigation on Thursday into Tesco's relations with its suppliers, dealing a further blow to the battered reputation of the country's biggest supermarket. read more
Target taps Tesco vet for digital transformation - USA

Target taps Tesco vet for digital transformation - USA

04/02/2015 - 09:13
Target’s goal of becoming a leading omnichannel retailer will be led by Tesco veteran Mike McNamara who joins the company as executive vice president and chief information officer. read more
Premier Foods sees positives in supermarket wars - UK

Premier Foods sees positives in supermarket wars - UK

26/01/2015 - 10:28
London - The owner of Mr Kipling cakes and Bisto gravy, Premier Foods, could gain shelf space in the intensifying battle for shoppers among Britain's "big four" supermarkets, its chief executive said. read more
Supermarkets braced for battle - UK

Supermarkets braced for battle - UK

19/01/2015 - 10:30
London - Four months into the job, Tesco boss Dave Lewis has wasted no time imposing a range of price cuts and customer service improvements designed to regain the initiative in a tough market. There are already signs customers are noticing. read more
Cost cuts, asset sales in store for Tesco - UK

Cost cuts, asset sales in store for Tesco - UK

07/01/2015 - 10:15
London - New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes. read more
John Lewis may rein in Black Friday push - UK

John Lewis may rein in Black Friday push - UK

06/01/2015 - 12:27
London - British department store chain John Lewis enjoyed the most lucrative week in its 150-year-history thanks to "Black Friday" business, which helped to drive sales nearly five percent higher in the five weeks to December 27. read more
Tesco in line for S&P downgrade - UK

Tesco in line for S&P downgrade - UK

12/12/2014 - 08:50
Ratings agency Standard & Poor’s might downgrade Tesco’s credit rating after its latest profit warning, moving the British grocer closer to losing its investment-grade status.  read more
Troubled Tesco warns on profit again - UK

Troubled Tesco warns on profit again - UK

11/12/2014 - 09:54
London -British grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. read more
Tesco shares rise after CEO takes helm - UK

Tesco shares rise after CEO takes helm - UK

04/12/2014 - 10:16
London - A decision by Tesco's new chief executive to personally take over the day-to-day running of the grocer's core British business as it heads into the key Christmas trading period was broadly welcomed as a pragmatic move by analysts on Tuesday. read more
First drop in UK grocery sales in 20 years - UK

First drop in UK grocery sales in 20 years - UK

19/11/2014 - 11:37
London - A price war, led by German-based discounters, has pushed Britain's grocery market into its first sales decline in 20 years, industry data showed on Tuesday.  read more
Sainsbury takes fight to discounters - UK

Sainsbury takes fight to discounters - UK

07/11/2014 - 11:15
Leeds - British supermarket operator J Sainsbury's answer to discounters Aldi and Lidl was unveiled on Thursday, with the opening of its first Netto-branded store in northern England tasked to win over thrifty shoppers.  read more
Moody's warns of junk status for Tesco - UK

Moody's warns of junk status for Tesco - UK

04/11/2014 - 09:16
London - Tesco could see its debt downgraded to "junk" status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's said, raising the prospect of higher financing costs for Britain's biggest grocer. read more
UK watchdog to probe Tesco errors - UK

UK watchdog to probe Tesco errors - UK

30/10/2014 - 09:17
London - Britain's Serious Fraud Office (SFO) is to launch a formal criminal probe into accounting errors at troubled supermarket Tesco, Sky News reported on Wednesday. read more
New Tesco boss gets R66m “golden hello” - UK

New Tesco boss gets R66m “golden hello” - UK

28/10/2014 - 10:42
London - Embattled British retailer Tesco Plc has handed its new boss Dave Lewis a potentially lucrative “golden hello”, awarding him options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.  read more
Tesco stems sales decline - UK

Tesco stems sales decline - UK

22/10/2014 - 10:33
London - Sales at Britain's Tesco, the market-leading grocer reeling from an accountancy scandal, fell 3.6 percent over the last 12 weeks, industry data showed on Tuesday.  read more
Pick n Pay loses its spark

Pick n Pay loses its spark

20/10/2014 - 11:44
Pick n Pay Stores shares fell the most in two years after first-half sales growth failed to convince investors the South African grocer is doing enough to regain market share.  read more
Tesco suspends more employees - UK

Tesco suspends more employees - UK

15/10/2014 - 11:22
London - Britain's biggest retailer Tesco has removed another three employees from their jobs as it continues to probe a 250 million pounds (R4.4 billion) profit overstatement.  read more
Sainsbury's halves loyalty reward points - UK

Sainsbury's halves loyalty reward points - UK

15/10/2014 - 10:49
London - British supermarket Sainsbury's is to halve the number of Nectar reward points it gives holders of its loyalty card in the latest sign that an escalating price war is forcing grocers to re-evaluate the merits of shopper retention schemes. read more
Tesco installs self-service coin machines from Cummins Allison - UK

Tesco installs self-service coin machines from Cummins Allison - UK

14/10/2014 - 09:24
England - Cummins Allison, a leading provider of coin and currency handling solutions, announced that its customer, British grocery giant Tesco, has deployed self-service coin machines, enhancing customer service and solving a key space problem across multiple store locations in the U.K. read more
Price cuts no quick cure for Tesco's ills - UK

Price cuts no quick cure for Tesco's ills - UK

10/10/2014 - 10:59
London - Cheaper meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share. read more
Tesco's £250m black hole raises questions - UK

Tesco's £250m black hole raises questions - UK

03/10/2014 - 10:09
London - "Things are always unnoticed, until they're noticed," Tesco chairperson Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a £250m sized hole in its first-half profits. read more
Sainsbury's cuts sales forecast - UK

Sainsbury's cuts sales forecast - UK

02/10/2014 - 10:02
London - Britain's J Sainsbury cut its full-year sales forecast and said it would assess its dividend policy as part of a strategic review after second-quarter sales fell sharply, adding to the turmoil in the grocery market. read more
Tesco bosses could face scrutiny over scandal - UK

Tesco bosses could face scrutiny over scandal - UK

30/09/2014 - 10:05
London - British lawmakers might want to grill top executives at Tesco about the overstatement of profits that has thrown the world's third-biggest retailer into turmoil, BBC radio reported on Thursday. read more
Tesco-style accounting risks well known - UK

Tesco-style accounting risks well known - UK

25/09/2014 - 09:04
London - Tesco's disclosure of huge accounting mistakes over contracts with its suppliers has shocked industry analysts and executives, but not because they did not realise the potential for disaster. read more
Tesco new finance chief to start sooner - UK

Tesco new finance chief to start sooner - UK

23/09/2014 - 11:02
London - Tesco, Britain's biggest grocer, said Alan Stewart, will join the firm as chief financial officer from Tuesday, rather than the previously announced date of December 1. read more
Tesco cuts profit outlook, suspends staff - UK

Tesco cuts profit outlook, suspends staff - UK

22/09/2014 - 14:00
London - Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its accounts, the latest blow of several to the reputation of Britain's biggest grocer. read more
Tesco wants to be UK's best-loved grocer again - UK

Tesco wants to be UK's best-loved grocer again - UK

15/09/2014 - 09:34
London - Standing with bags of groceries outside discount store Lidl in Thetford, Eastern England, Jodie McGloughlin explains why she turned her back on Britain's biggest retailer - its high prices. read more
Tesco boss to make management changes- UK

Tesco boss to make management changes- UK

08/09/2014 - 10:52
London - Dave Lewis, the new chief executive of Tesco, the world's third-largest retailer, said further management changes at the troubled British grocer were inevitable. read more
Tesco slashes profit forecast as trading slumps- UK

Tesco slashes profit forecast as trading slumps- UK

01/09/2014 - 11:06
London - Britain's biggest retailer Tesco cut its profit forecast for the third time in three years and slashed its interim dividend by 75% as tough operating conditions continued to ravage its business.  read more
Tesco sales worsen as UK grocery market slows- UK

Tesco sales worsen as UK grocery market slows- UK

28/08/2014 - 11:24
London - Incoming Tesco boss Dave Lewis was served a stark reminder of the challenge he faces to revive Britain's No.1 grocer on Wednesday, as industry data showed its sales decline had worsened, hurt by the weakest market growth in a decade.  read more
M&S patches up 'consumer love affair'

M&S patches up 'consumer love affair'

15/08/2014 - 09:48
London - British retailer Marks & Spencer is close to having both its food and general merchandise divisions "firing on all cylinders" and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business head. read more
Morrisons names its next chairperson

Morrisons names its next chairperson

30/07/2014 - 11:33
London - Morrisons named Tesco veteran, Andrew Higginson, as its next chair on Tuesday, turning up the heat on chief executive Dalton Philips as he tried to combat the supermarket's loss of market share. read more
Disastrous end for Tesco CEO's turnaround plan

Disastrous end for Tesco CEO's turnaround plan

22/07/2014 - 14:03
London - Tesco boss, Philip Clarke, is to quit after Britain's biggest retailer warned it would miss profit forecasts, ending a disastrous three-year reign.  read more
Tesco board comes under fire

Tesco board comes under fire

01/07/2014 - 08:39
London - Shareholders at Tesco's annual meeting berated the British retailer's board on Friday for the low share price, poor results and questioned whether the management knew what they were doing. read more
Sainsbury's sales fall as King steps down

Sainsbury's sales fall as King steps down

12/06/2014 - 11:40
London - Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as chief executive, Justin King, prepares to step down from the grocer after 10 years at the helm. read more
Tesco takes on UK banks with account launch

Tesco takes on UK banks with account launch

11/06/2014 - 11:23
London - Tesco Bank, the financial services arm of Britain's biggest retailer, has launched its first personal current or checking account, looking to challenge established lenders and bring shoppers back into its parent's stores. read more
UK grocer Sainsbury's profit growth slows

UK grocer Sainsbury's profit growth slows

09/05/2014 - 10:45
London - British grocer, J Sainsbury, posted a 5.3% rise in annual profit, its slowest growth in nearly a decade, illustrating the pressure the industry is under as a battle over prices, to combat the rise of the discounters, hots up. read more
Tesco's annual profit slumps

Tesco's annual profit slumps

22/04/2014 - 10:54
London - Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6% fall in annual profit, its second straight year of decline, piling pressure on chief executive Phil Clarke. read more
Tesco plans to reduce exposure to Turkey

Tesco plans to reduce exposure to Turkey

26/02/2014 - 09:26
London - British retailer Tesco, under pressure to turn around declining sales in its domestic market, is considering reducing its exposure to Turkey, the Financial Times reported on Friday read more
Tesco, Waitrose in new service deal

Tesco, Waitrose in new service deal

03/02/2014 - 07:48
London - Supermarket chains Tesco and Waitrose are to begin "click and collect" services across the London Underground network after signing a deal with the city's transport authority. read more
Tesco will meet lower profit range

Tesco will meet lower profit range

22/01/2014 - 11:20
London - Tesco, the world's third biggest retailer, said it was on course to meet a lowered range for full-year trading profit after another heavy drop in underlying sales in its main British market.  read more
Tesco to sell off land to lure consumers

Tesco to sell off land to lure consumers

22/11/2013 - 08:55
London - Britain's Tesco, battling plunging profits in mainland Europe, is to sell off land around its stores in Poland for development to make the sites more attractive to shoppers.  read more