Tesco, the biggest British supermarket chain, has called for the reform of 'business rates' (a commercial real estate tax) and suggested the introduction of an online tax - which it would have to pay itself as well.
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Changes in shopping behaviour in its customers force British market leader Tesco to cut 4,500 jobs in 153 proximity stores that carry the Tesco Metro banner. The size of these stores is somewhere in between that of hypermarkets and that of Express stores.
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British supermarket giant Tesco will venture into premium convenience stores, robots and plant-based food. These are just some of the priorities for future growth, according to the retailer.
Greenyard's subsidiary Bakker Belgium will become Belgian supermarket chain Delhaize's dedicated provider for fresh fruit and vegetables. It will invest in a brand new location in Belgium.
Tesco breathes a sigh of relief as the British supermarket group is well underway towards reaching its transformation goals. Turnover and profits both increased in the past financial year.
At Tesco, real meat and meat substitutes will now be found side by side. The British supermarket chain has noticed that vegan is the biggest food trend of the decade, so they're launching a new meat counter where the two can be found next to each other.
Large mainstream retailers can’t find an adequate answer to the power of hard discounters, multinationals see the value of their brands decrease: private label is causing a true revolution, says expert Koen de Jong of IPLC.
British supermarket chain Tesco has announced another thorough restructuring. A total of 9000 jobs are in the balance, both in the main office and in the stores. Service counters will disappear in 90 stores.
Big names such as Procter & Gamble, Unilever, Nestlé, Coca-Cola and Carrefour have started a trial project of collecting empty packaging at their consumers' homes for re-use. They want to reduce waste and create a circular working system.
The first two branches of Jack's, the new discount formula by Tesco, have opened their doors. The English retail giant aims to offer prices that are lower than those at Aldi and Lidl.
British supermarket chain Tesco has formulated its own response to the growing success of Aldi and Lidl: from September onwards, the first branches of a discount chain in Colruyt style will open in the United Kingdom.
Brexit or no Brexit, British Tesco and French Carrefour have joined forces for the purchases of both A-brand products and private labels. Service suppliers too will face a united front from now on.
British retailer Tesco has published strong annual results and has also strengthened its leadership position in its home territory. Wholesaler Booker’s acquisition has also opened new doors.
Consumers are ready, the technology is rapidly advancing and investors see the potential: meat replacement turnover will reach 4.2 billion euro worldwide by 2020. The major multinationals are now also on board.
British supermarket group Tesco is apparently developing its own discount formula for the United Kingdom, an attempt to compete with Aldi and Lidl, two competitors that steal away an increasing share of the market.
Major markets like Russia and Romania are the engine that drive the European FMCG branch’s growth. Discounters and convenience stores continue to expand their reach, according to the international research organization IGD.