Content about Tesco

April 17, 2013

Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

London -- Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

April 17, 2013

Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

London -- Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

March 29, 2013

New York -- British grocery giant Tesco is moving closer to selling off its U.S. Fresh & Easy division, with Tesco CEO Philip Clarke traveling to the United States next week to try and strike a deal, according to a report in the British newspaper, The Telegraph.

Tesco has held discussions with Trader Joe’s and others about selling Fresh & Easy, but a break-up of the business is considered the most likely option, the report said. Other options include closing the business and selling off assets.

March 29, 2013

New York -- British grocery giant Tesco is moving closer to selling off its U.S. Fresh & Easy division, with Tesco CEO Philip Clarke traveling to the United States next week to try and strike a deal, according to a report in the British newspaper, The Telegraph.

Tesco has held discussions with Trader Joe’s and others about selling Fresh & Easy, but a break-up of the business is considered the most likely option, the report said. Other options include closing the business and selling off assets.

March 22, 2013

In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn't know "if Tesco will continue to own the company," the Los Angeles Times reported.

New York -- In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn't know "if Tesco will continue to own the company," the Los Angeles Times reported.
 
Fresh & Easy spokesman Brendan Wonnacott said that Tesco is still reviewing its American chain, and will make an update in April as part of the company's full-year results, the report said.

March 22, 2013

In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn't know "if Tesco will continue to own the company," the Los Angeles Times reported.

New York -- In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn't know "if Tesco will continue to own the company," the Los Angeles Times reported.
 
Fresh & Easy spokesman Brendan Wonnacott said that Tesco is still reviewing its American chain, and will make an update in April as part of the company's full-year results, the report said.

March 18, 2013

Raley’s Family of Fine Stores, a privately held supermarket chain with a presence in Northern California and Nevada, has partnered with BzzAgent, the social marketing arm of Dunnhumby, to develop the first grocery retailer advocacy online platform to further enhance its new loyalty program, Something Extra.

Boston — Raley’s Family of Fine Stores, a privately held supermarket chain with a presence in Northern California and Nevada, has partnered with BzzAgent, the social marketing arm of Dunnhumby, to develop the first grocery retailer advocacy online platform to further enhance its new loyalty program, Something Extra.

January 29, 2013

A report by Bloomberg said that Tesco Plc may be recovering from its financial doldrums, as the country’s largest supermarket chain has matched market growth for the first time in more than 18 months.

London -- A Tuesday report by Bloomberg said that Tesco Plc may be recovering from its financial doldrums, as the country’s largest supermarket chain has matched market growth for the first time in more than 18 months.

Citing Kantar Worldpanel’s latest market share figures, Bloomberg said that at Tesco stores rose 3.3% in the 12 weeks ended Jan. 20, the same pace as the industry. Growth exceeded Wal-Mart Stores’ Asda and J Sainsbury, which gained 2.1% and 3.2% respectively.

 

January 9, 2013

Tesco has chosen Microsoft Office 365 for its companywide collaboration and social platform.

Redmond, Wash. – Tesco has chosen Microsoft Office 365 for its companywide collaboration and social platform. The U.K.-based retailer is committed to deploying Office 365 to its employees working at the company's headquarters, in the field and in stores, across all its locations in Europe and Asia.

January 9, 2013

Tesco has chosen Microsoft Office 365 for its companywide collaboration and social platform.

Redmond, Wash. – Tesco has chosen Microsoft Office 365 for its companywide collaboration and social platform. The U.K.-based retailer is committed to deploying Office 365 to its employees working at the company's headquarters, in the field and in stores, across all its locations in Europe and Asia.

October 3, 2012

British retailer Tesco reported that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

"The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

October 3, 2012

British retailer Tesco reported that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

"The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

September 18, 2012

Tesco has opened its first all-LED store as the United Kingdom’s largest retailer continues its drive to reduce carbon emissions from its operations.

New York -- Tesco has opened its first all-LED store as the United Kingdom’s largest retailer continues its drive to reduce carbon emissions from its operations. Tesco expects that the use of the LEDs in its new Express location, in Loughborough, England, will produce a 30% energy savings compared to its other Express stores.  

September 18, 2012

Tesco has opened its first all-LED store as the United Kingdom’s largest retailer continues its drive to reduce carbon emissions from its operations.

New York -- Tesco has opened its first all-LED store as the United Kingdom’s largest retailer continues its drive to reduce carbon emissions from its operations. Tesco expects that the use of the LEDs in its new Express location, in Loughborough, England, will produce a 30% energy savings compared to its other Express stores.  

September 12, 2012

Supply chain solution-provider Checkpoint Systems said it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.

Thorofare, N.J. -- Supply chain solution-provider Checkpoint Systems said Wednesday it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.

September 12, 2012

Supply chain solution-provider Checkpoint Systems said it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.

Thorofare, N.J. -- Supply chain solution-provider Checkpoint Systems said Wednesday it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.

July 2, 2012

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, RetailWeek and other British news organizations reported.

New York -- U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, RetailWeek and other British news organizations reported.

In remarks at the company’s annual meeting on Friday, Tesco CEO Philip Clarke said: “If we see there is no chance of success, we’ll do as we’ve just done in Japan,” referring to Tesco’s deal this month to exit that market.

June 21, 2012

Economic uncertainty throughout Europe and the United States and political instability in the Middle East are putting an increased spotlight on developing markets, which are forging full-speed ahead and show no signs of slowing down, according to the 11th annual Global Retail Development Index by consulting firm A.T. Kearney.

June 18, 2012

Tesco PLC is leaving the Japanese retail market after nine years.

New York -- Tesco PLC is leaving the Japanese retail market after nine years. The company will sell 50% of Tesco Japan to Aeon Co., Japan’s largest retail group.

Tesco said it will form a joint venture with Aeon and invest £40 million ($63 million), then sell the remaining 50% to Aeon at a later date.

May 22, 2012

Walmart topped the list retailers on the BrandZ Top 100 Most Valuable Global Brands, according to a study commissioned by WPP Group and conducted by Millward Brown Optimor.

New York — Walmart topped the list retailers on the BrandZ Top 100 Most Valuable Global Brands, according to a study commissioned by WPP Group and conducted by Millward Brown Optimor.

The BrandZ Top 100 Most Valuable Global Brands study identifies and ranks the world's most valuable 100 brands by their dollar value, an analysis based on financial data combined with consumer measures of brand equity.

April 18, 2012

Tesco Plc will invest 1 billion pounds ($1.6 billion) to help turnaround its domestic operations.

New York -- Tesco Plc will invest 1 billion pounds ($1.6 billion) to help turnaround its domestic operations. The chain will slow its international expansion as its concentrates on its home base.

Tesco, the United Kingdom’s largest retailer, will give a makeover to about 430 of its U.K. supermarkets, add more workers and expand its online offerings.

January 31, 2012

Apple Inc. has hired John Browett, CEO of Dixons Retail PLC, the United Kingdom’s largest consumer-electronics retailer, to lead its retail store division.

New York City -- Apple Inc. has hired John Browett, CEO of Dixons Retail PLC, the United Kingdom’s largest consumer-electronics retailer, to lead its retail store division. The appointment marks the end of a seven-month search to replace Ron Johnson, who left the world’s most valuable technology company last year to become CEO of J.C. Penney Co.

January 10, 2012

Fresh & Easy Neighborhood Market, the U.S. division of Tesco, plans to close 12 underperforming stores, according to the Orange County Register.

New York City -- Fresh & Easy Neighborhood Market, the U.S. division of Tesco, plans to close 12 underperforming stores, according to the Orange County Register. The company, however, left open the door to re-opening the stores at a later date.

January 10, 2012

Fresh & Easy Neighborhood Market, the U.S. division of Tesco, plans to close 12 underperforming stores, according to the Orange County Register.

New York City -- Fresh & Easy Neighborhood Market, the U.S. division of Tesco, plans to close 12 underperforming stores, according to the Orange County Register. The company, however, left open the door to re-opening the stores at a later date.

November 18, 2011

Fresh & Easy Neighborhood Market announced it is hiring for more than 20 stores that are set to open early next year.

El Segundo, Calif. -- Fresh & Easy Neighborhood Market announced it is hiring for more than 20 stores that are set to open early next year.

The company expects to hire more than 600 employees for the new stores, which will be opening in California and Nevada.