Tesco to revive the hypermarket Wednesday, 7th August 2013
Tesco is planning to reopen its Watford hypermarket in an ambitious new project which will allow restaurants, coffee chains, nail salons, soft-play zones and gyms, to all exist under one roof. The leading supermarket chain did previously say that it was bringing an end to its long-term plan of opening larger stores across the country, due largely to the advent of convenience stores.
Wal-Mart weighing up lucrative bid for Hong Kong supermarket? Wednesday, 7th August 2013
According to sources close to Reuters, Wal-Mart Stores Inc. is considering making a bid for Hong Kong supermarket, ParknShop, valued at USD 4 billion. The acquisition is sparking interest from corporate and private equity buyers after Hutchison Whampoa Ltd, the conglomerate owned by Asian business mogul Li Kashing, put an August 16 deadline on the sale.
Express checkout service at supermarkets may mark the end of long queues Thursday, 18th July 2013
Supermarkets spend millions in cutting off long waits at queues for customers. From barcode scanners to self-serving checkouts, now there’s a Rapid Scan on the way that could finally spell the end of those long queues.
Carrefour shows signs of a European revival Thursday, 18th July 2013
The world’s second largest retailer, Carrefour, said on Thursday that sales in its core French hypermarkets and China have been positive, reassuring investors that newly appointed chief executive Georges Plassat can spark a European revival for the grocer. Chief financial officer Pierre-Jean Sivignon told reporters that projected sales figures before interest and taxes of around EUR 2.2 billion (GBP 1.89 billion) was “reasonable”, providing currencies in Latin America do not buckle against the Euro.
Sainbury's by Sainsbury's range to reach general merchandise Tuesday, 16th July 2013
Sainsbury’s announced today that the by Sainsbury’s brand will be introduced across Sainsbury’s general merchandise lines from August 2013. The own-brand range will launch across general merchandise over the next two years in an attempt to emulate the success of the by Sainsbury’s range across the food sector.
Morrisons chief proposes 'online tax' to balance the retail industry Tuesday, 16th July 2013
Dalton Philips, Morrisons’ chief executive, today admitted that internet sales are hurting the high street and said his company is willing to pay ‘online tax’ to redress the situation.
Asda reduces car hire cost with review of policy Friday, 12th July 2013
Asda have significantly reduced its hire car costs following a review of its policy, which sees booking and authorisation processes tightened. Since the changes have been implemented, ancillary hire costs have been reduced by 19 per cent, mileage charges have been reduced by 72 per cent, the cost of re-fuelling is lower by 33 per cent, reduced vehicle hire days of 15 per cent, and a total reduction in vehicle hire spend of 9.5 per cent.
Sainsbury's Locals set to overtake supermarkets by the end of the year Thursday, 11th July 2013
Sainsbury’s chief executive Justin King has declared that convenience stores will overtake supermarkets by the end of the year. Speaking at the Sainsbury’s annual meeting in London, the supermarket boss reaffirmed that the so-called “space race” in the industry is far from over, contradicting claims made by Tesco chief executive Philip Clarke.
Company bonus' topping £8 million made to former Tesco boss Monday, 8th July 2013
Former Tesco chief executive Sir Terry Leahy, has reportedly received almost £8.5 million in performance-based payouts since retiring two years ago, according to The Guardian. The payments come amid writedowns, profit warnings and mounting criticism about Leahy’s strategic legacy.
Walmart announce new India leadership amid bribery claims Friday, 28th June 2013
Walmart, the group that own supermarket giants Asda, announced on Wednesday the departure of the head of its India division, amid bribery claims. The company faced probes last year surrounding speculation that it paid bribes to expand its retail business. In a brief statement issued by the company, the conglomerate announced that Raj Jain, who headed the division since 2007, “is no longer with the company”.
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