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.
» Read more
British supermarket chain Tesco continues its road to recovery. In the first half of its current fiscal year, turnover grew 3.3 %, mainly thanks to advantageous exchange rate fluctuations.
» Read more
Does the hypermarket have a future? That is a question not only Carrefour is contemplating, because Tesco is already trialing its Extra stores in the United Kingdom. These stores have been entirely remodeled thanks to Swedish design firm Blink.
British supermarket chain Tesco has further expanded its online services and will offer same-day delivery virtually across the entire United Kingdom in an attempt to ward off Amazon Fresh.
British Tesco announced it will cut about 2,300 jobs: the main office will cut 1,200 jobs and customer service will also cut 1,100 jobs.
British supermarket chain Tesco has performed very well over the past quarter, publishing its largest sales growth in seven years’ time. It outshone analysts’ expectations by 0.4 %.
For the first time in its history, British supermarket chain Tesco home-delivered a customer’s online order using a robot
Tesco Opticians, British supermarket giant Tesco's optician chain, will become part of GrandVision, a company listed on the Amsterdam stock exchange. The British Bureau of Competition still needs to approve the deal however.
British supermarket chain Tesco has finally managed to present positive results for its home territory. At 0.9 %, it was its first turnover growth in the United Kingdom in seven years.
British supermarket chain Tesco settled its case surrounding its accounting scandal dating back to 2014, when it immensely overstated its profit forecast. It will now pay a 129 million pound (149 million euro) fine.
Tesco, the UK’s biggest supermarket chain, is set to acquire Booker, the UK’s largest food wholesaler for 3.7 billion pounds (4.3 billion euro).
Every year, Deloitte creates a ranking of the 250 largest retailers worldwide and for the first time ever, Amazon enters the top 10. Consumers are looking for surprising experiences and products, the consultant claims.
In the aftermath of Tesco’s accounting scandal, several high-profile directors and managers faced possible charges, but former group commercial director, Kevin Grace, has now been told the Serious Fraud Office (SFO) will not follow through.
In the past quarter, discounters Aldi and Lidl have only managed an 11.4 and 8.4 % turnover increase respectively in the United Kingdom. Even though their growth pace is the slowest in years, they still outperformed their major competitors.
British supermarket chain Tesco and Unilever are in an intense pricing argument as Unilever decided to increase the price of a group of items because of rising costs, but Tesco refuses to pay.
Three former Tesco directors have been sued for fraud after the supermarket chain's accounting scandal. If found guilty, they could spend up to ten years in prison.