Britain’s largest supermarket chain, TESCO, has plans to open a wholesale Cash & Carry business in INDIA. In addition, Tesco has signed a deal with India’s TATA Group to develop it’s hypermarket business.  Currently, India’s government has foreign investment rules that prevents multi-brand retailers such as Walmart and Tesco from opening retail outlets. They can only [...]
British consumers are turning their backs on high-priced food. The first British Whole Foods outlet has been met with a poor sales performance.   Yesterday, Tesco announced that their prices on organic produce will be slashed by an average of 15%.
The Guardian
ASDA (subsidiary of Walmart) has called off some of their proposed changes to the distribution deals that they had in place with magazine publishers and distributors.  The retail chain had received a great deal of negative feedback from the publishing community after ASDA’s magazine buyer had released a series of demands that were branded as “outrageous”.   A source [...]
The U.K.’s ASDA grocery chain, owned by WALMART USA,  is seeking “outrageous” concessions from magazine publishers.  An ASDA email memo, sent to British magazine publishers and distributors has outlined a series of proposed conditions with which publishers are requested to comply. These proposals are as follows;
-Â Asda’s demands include a request for two pages of editorial or [...]
The United Kingdom is finally getting more aggressive with price reductions in order to lure consumers into their retailers. The British Retail Consortium has announced that “Discounting is more widespread than it was a year ago. These sales are the biggest discounts we’ve seen in recent history. Customers are concentrating the money they have got [...]
Aldi’s winning formula - is based on saving consumers £30 on a £100 weekly shopping bill in a no-frills store environment.  The German discount retailer instead of stocking the traditional 25,000 product lines, they offer just 1,000 products to Aldi consumers. To combat this strategy the U.K.’s TESCO is planning on expanding their own in-house line of products.
The Times [...]
By completing the deal to purchase SOMERFIELD, the Co-operative Group is soon to enter back into the UK’s retail limelight. The annual sales for this Manchester based group is expected to be more than £10 billion.
The Times of London
Discount supermarkets are forecast to increase their marketshare by an estimated 60% over the next 4 years. Aldi, Lidl and Netto will be amongst the retail benefactors as value conscious consumers change their shopping patterns.
The Times of London
Shoppers normally devoted to Britain’s Marks & Spencer are reconsidering their loyalty due to pricing competition from Aldi . Consumers are realizing significant savings through Aldi’s competitive pricing strategies. Their corporate web-site includes a savings calculator used to determine how much money one can save by shopping in their outlets.
The Times of London
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The Times of London
U.S. Presidential candidate, Barack Obama, is urging TESCO’s Sir Terry Leahy to reconsider their policy of non-engagement with unions. Obama is concerned over the worker’s rights in TESCO’s FRESH & EASY outlets.
The Times of London