TESCO
UK retailers feed off public affection for festive ads
They come with big budgets, are wrapped in sentimentality and boost company revenues -- Britain's latest instalment of eagerly awaited Christmas television advertisements has a nation tuned in. One of the most eagerly awaited UK Christmas ads is from department store chain John Lewis, with consumers buying into its "emotive storytelling", according to Deason.
Noel Tata: The Tata who built Trent into a retail powerhouse and a group crown jewel
Noel Tata joined Trent in 1999 and expanded it significantly. He focused on opening stores and creating successful brands like Westside and Zudio. Trent's market cap and revenue have grown remarkably, making it one of Tata Group's most valuable firms. The strategic growth has outpaced many leading retail companies in India.
Neville Tata takes charge as head of Star Bazaar, marking next generation leadership in Tata Retail
Neville Tata, 32, has been appointed as the new head of Star Bazaar, marking the emergence of the next generation of Tatas in the business. Neville, son of Trent Ltd chairman Noel Tata, previously served as a non-executive director at Trent Hypermarket and has now transitioned to a more active role. He joined Trent Ltd in 2016 and has managed successful brands such as Zudio.
Ambani is drawing on China-linked co's help in his battle with Tata
Mukesh Ambani, aiming to dominate India's fast-fashion market, faced challenges from Tata Group's Trent Ltd. Despite substantial investments, Ambani's Reliance Retail has struggled to match Trent's success. To counter this, Ambani has partnered with Chinese fashion giant Shein to revitalise his retail segment.
From India, with intelligence: How Indian GCCs are driving parent firms' successes
From India-made products that have helped retail giant Tesco increase its profits in the triple-digit million pounds range, to personalised recommendations at Verizon that have made every store visit faster by seven minutes, to Gen AI tools that enhance developer productivity between 10-25% at Goldman Sachs, Indian GCCs have come a long way in becoming strategic partners to their parent organisations, finds Beena Parmar.
Top global brands like Marks & Spencer, Walmart and Pepco may boost India sourcing after import duty relief
Brands who may have origins in other countries but have a presence in Australia like Kmart and Target, too are buying large volumes of garments from Tiruppur to take advantage of the India-Australia Free Trade Agreement, said KM Subramanian, president of Tiruppur Exporters Association (TEA). Also, Australian brands like BIG W and Woolworth are placing orders after the FTA.
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India¡¯s tech edge triggers a global captives explosion
At least 20% of Forbes 2000 global cos have set up their GCCs in India till 2023 and this share is estimated to grow to up to 55% by 2030, as per data from management consultancy firm Zinnov.
Tesco launches 'Win Your Christmas Shop' contest: Thousands to receive ?500 vouchers
Tesco introduces the "Win your Christmas Shop" competition, offering 2,000 winners ?500 worth of vouchers. Open to Clubcard members, spending just ?1 in-store or specific online amounts qualifies entry. Winners receive two ?250 Tesco gift cards for themselves and a chosen recipient. Weekly draws occur until Christmas, with winners announced the following week. Additionally, Tesco alerts shoppers of ?16 million in expiring Clubcard vouchers, emphasizing the need to utilize them by November 30. Clubcard points, accumulation, and voucher details are highlighted for members' benefit.
UK retail sales slide again in October in new blow for economy
British retail sales volumes dropped 0.3% in October, a new warning sign for the economy, as consumers stayed at home. The figures fit the darkening outlook for Britain's economy, with economic growth stagnant and strong price pressures fading slowly. Retailers suggest cost of living, reduced footfall, and wet weather contributed to the fall.
Sainsbury recalls chorizo over presence of bacteria causing meningitis
Sainsbury's has warned customers to return packs of its own-label chorizo product due to possible listeria contamination. The affected product is Taste the Difference Spanish chorizo Iberico ring with use-by dates between November 23 and January 16. Listeria can cause flu-like symptoms and in rare cases, meningitis. Pregnant women, infants, and the elderly are particularly vulnerable.
Why is Tata Group raising its bet on its super app Tata Neu?
The $1 billion injection will be on top of the $2 billion that Tata Group invested in the venture earlier this year, the sources told ET, asking not to be identified discussing information that is private. Tata Digital will receive the new funding in the coming year should a deal proceed.
Tesco buys Isle of Man Shoprite stores. What will happen to Shoprite stores now?
First set up in 1972, Shoprite stores in the Isle of Man have been sold to Tesco. Tesco has its own plan for the nine stores it has bought.
Local firms plan to take millets-based foods overseas
Indian companies are taking millets-based products to international markets to gain a first-mover advantage. This comes after the spotlight on millets at the G20 Summit and the UN recognizing 2023 as the International Year of Millets. Companies such as ITC-backed Yoga Bar and Amul are working on exporting millet-based products to the US, UAE, and approximately 40 other countries.
Bank Holiday Monday, August 28: Opening and closing time for major supermarkets in the UK
Stores like M&S, Aldi, Asda, Tesco, Morrisons, Sainsbury's, and others may have different operating hours on the summer bank holiday this Monday. Check out the timings.
QIA closes in on Reliance Retail with $1 bn cheque at $100 bn valuation
At $100 billion, Reliance Retail will outpace global peers including Tesco, Carrefour, Uniqlo and JD.com. In India, Reliance Retail, the largest player already, is more than three times bigger than the largest listed retail chain Avenue Supermarts, that owns Dmart.
Gladiators star Diane Youdale ties knot in secret ceremony. See details
TV icon Diane Youdale, who is known as Jet on Gladiators, married fianc¨¦e Zoe Gilbert in a private ceremony after a year-and-a-half of dating each other. The couple met in a supermarket and kept their wedding plans hushed.
Tesco Slashes Prices on 30 Food Essentials; Check Full List here
Tesco's recent price cuts on 30 food essential items aim to provide shoppers with savings on everyday pantry staples. With discounts on pasta and oil products, customers can take advantage of reduced prices.
World's biggest fashion brand Zara's India sales increase 40% in FY23
The sales increase by Zara comes despite increasing competition from global rivals in the clothing market that is increasingly cluttered. As the world's most-populated country, India is an attractive market for aspirational apparel brands as rising disposable incomes cause the consuming base of the pyramid to broaden further. Trent also has a separate association with the Inditex group to operate Massimo Dutti stores in India. The entity saw revenues rise to ?89 crore compared to ? 59 crore in FY22.
Walmart will derive more profit from services, ad sales in next 5 years: CFO
More of Walmart's future profitability is likely to come from its sales of ads on Walmart.com and from fees it collects from merchants using its online marketplace and delivery services, than from sales of merchandise at its 10,000 stores, its chief financial officer said on Tuesday.
UK retail giant Tesco to axe over 2,000 jobs
Tesco plans to cut about 1,750 management roles. It will also axe around 350 jobs with the closure of some pharmacies, all remaining hot food counters and other restructuring.
Tesco to introduce massive changes to UK stores impacting 2,100 jobs
Tesco has announced plan for a massive shake-up in management and close hot counters which would affect around 2,100 jobs.
Stores in UK deliver rotten turkeys on Christmas Day, receive flak on Twitter
Many people have complained of getting rotten turkeys they bought from the supermarkets. People accuse supermarkets of ruining their Christmas.
Boxing Day 2022: When will Aldi, Lidl, Tesco, Morrisons, Sainsbury's and Waitrose stores open?
Boxing Day 2022 is here. Christmas holiday is the busiest period of the year for store and supermarket employees.
Christmas 2022: Know about store hours for Tesco, Asda, Aldi, M&S, and other supermarkets
Like they do every year, Supermarkets in the United Kingdom will alter their hours of operation in the run-up to Christmas.
More UK houses may lose running water; will some see Christmas Day without it? Here are the details
Water companies are working to ensure thousands of homes in large parts of Sussex, Kent and Hampshire are reconnected by the weekend.
Tesco Business Services appoints Sanjay Dora as COO
In his new role, Dora will be responsible for smooth management of operations, compliance, governance, and providing country leadership to Tesco Bengaluru, according to a press release.
The Cambridgeshire criminals: List of criminals jailed over the last week
The Cambridgeshire Police Department works around the clock to ensure that offenders are apprehended and brought to justice. Every week, the county jail receives new inmates, and this week is no different.
Bleak UK shopping and borrowing data underscore challenge for new PM
Data published on Friday added to signs that Britain's economy faces a recession which could be deepened by new finance minister Jeremy Hunt's plans to stem a crisis in financial markets after the brief term of Prime Minister Liz Truss. Retail sales volumes fell by 1.4% from August - almost three times the 0.5% fall in a Reuters poll of economists - taking them below their pre-coronavirus pandemic level.
UK retail sales fall by more than expected in September
September's data was also affected by a one-off public holiday to mark the funeral of Queen Elizabeth when many retailers closed, the Office for National Statistics said.
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