tesco

Don't Miss:

02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia05/02/2019

Tesco has recently announced that the brand is making some strategic changes to further simplify the business and this might affect jobs of 9,000 employees. “Since we launched our turnaround four years ago, we have built a stronger business focused on serving our customers. Whilst this turnaround continues, it does so in a competitive and challenging […]

CONTINUE READING

Retail Asia14/01/2019

Tesco Asia like-for-like sales continue to decline while the UK-headquartered company repositions its offer – masking a stronger underlying performance for the business. “We have made good progress in our discussions with suppliers towards a new commercial approach,” explained Tesco CEO Dave Lewis in a quarterly update. “We also accelerated planned changes to our operating […]

CONTINUE READING

Retail Asia13/09/2018

Tesco and Jamie Oliver have joined up to “help make healthier choices a little easier for customers”. In his first act for the UK retailer, the celebrity chef and restaurateur will front Tesco’s ‘helpful little swaps’ in store, where healthier alternatives offer reduced levels of sugar, salt and fat, as well as being cheaper for […]

CONTINUE READING

Retail Asia07/09/2018

Tesco Extra has resurfaced a store car park using the equivalent weight of 225,000 plastic carry bags, saving 900kg of plastics going to landfill. The partnership with plastic road company MacRebur, is part of a broader Tesco initiative to improve its sustainability record, including looking for ways to reuse waste plastic, reduce carbon and promote […]

CONTINUE READING

Retail Asia31/07/2018

British supermarket operator Tesco is set to unveil a new network of Jack’s stores: a budget grocery concept it hopes will take the fight directly to German discounters Aldi and Lidl. While the company has not made an official announcement, sources are reporting details leaked from multiple sources. In the first phase of a roll-out […]

CONTINUE READING

Retail Asia04/07/2018

Britain’s largest grocery chain Tesco and French grocery giant Carrefour have joined forces on how they source and buy from suppliers in a bid to cut prices. The long-term deal, which was struck amid mounting competition from Amazon and other rivals, allows the supermarket giants to jointly source certain products to lower prices and offer […]

CONTINUE READING

Retail Asia12/04/2018

UK supermarket Tesco has managed to turnaround several years of lacklustre results, booking a pre-tax profit of £1.3 billion (AUD$2.38bn) for the year ended 24 February, up 795 per cent. The grocery giant’s shares jumped almost 6 per cent in the UK overnight on the figures, which included a 2.2 per cent increase in like-for-like […]

CONTINUE READING

Retail Asia21/02/2018

Grocery and general merchandise retailer Tesco is set to introduce ‘Colleague Shops’ in all its UK stores to give employees the opportunity to take food approaching its expiry date, as part of its wider work to prevent good food from going to waste. Dedicated storage areas and fridges will be set up in back-of-store employee […]

CONTINUE READING

Retail Asia14/02/2018

Tesco is to introduce new safety warning stickers on its trolleys after a social media storm saw it accused of “gender apartheid”. The warnings feature drawings of a woman and a child demonstrating how to allow children to ride in trolleys safely. A Manchester woman took to social media complaining the warnings were sexist because […]

CONTINUE READING

Retail Asia15/11/2017

Sainsbury’s management appeared unphased after emerging as the underperforming grocer of the UK top four this quarter. Should investors be worried? In the short term, Sainsbury’s may struggle, but they have solid long term prospects. Margins have dropped to 1.9 per cent and like-for-like sales increased by only 1.6 per cent which is poor when […]

CONTINUE READING

Retail Asia09/10/2017

Tesco Asia sales plummeted in the last half year – but profit soared by nearly a quarter. The UK headquartered supermarket operator, which operates Tesco Lotus in Thailand and Tesco in Malaysia – said in its trading statement that Asian operating profit before exceptional items was £141 million, up 24.8 per cent at constant exchange […]

CONTINUE READING

Retail Asia05/10/2017

A senior accountant at Tesco has described mounting pressures on managers as the food business under-performed against targets in 2014, telling a London court that his attempts to have the targets revised down fell on deaf ears. Amit Soni was giving evidence at the trial of three former senior Tesco executives who are accused of […]

CONTINUE READING

Retail Asia21/09/2017

International retail leaders will be gathering in Denmark next month for Shoptalk Europe. They will be discussing such topics as e-commerce trends, supply-chain challenges and augmented reality. A range of retail leaders will be guest speakers including Alibaba GM for Europe Terry von Bibra, Amazon Prime head Mariangela Marseglia, Dollar Shave Club CEO/founder Michael Dubin, […]

CONTINUE READING

Retail Asia12/09/2017

Retail property developer Central Pattana (CPN) has set up a JV with British retail giant Tesco to co-develop property in the Thai market. The Central Group subsidiary has told the Stock Exchange of Thailand (SET) that the new company, Synergistic Property Development, will support business expansion. It has registered capital of THB100,000 (US$3000) with ordinary […]

CONTINUE READING

Retail Asia30/08/2017

Tesco Lotus plans a major marketing push for the remainder of this year as it tries to boost sluggish sales. A core plank of the plan is a four-day Tesco Lotus Expo to be held at Impact Muang Thong Thani from November 9-12, the first time the retailer has sold products outside its store network. […]

CONTINUE READING

Retail Asia26/07/2017

The Tesco same day delivery plan announced this week is partly a logical improvement to its existing online services and partly a defensive measure against the potential rise of Amazon in the UK. In a cutthroat market where grocers are vying for share, Tesco’s move will likely be followed by other players and will, ultimately, […]

CONTINUE READING

Retail Asia23/06/2017

Ek-Chai Distribution System Co, the operator of Tesco Lotus hypermarkets, has outlined strategies to serve omnichannel shoppers better. Due to the growth of mobile internet usage in Thailand, the boundaries between offline and online worlds are become increasingly blurry. Customer behaviours have shifted towards omnichannel shopping, where they receive information, converse with brands, do their […]

CONTINUE READING

Retail Asia18/06/2017

Tesco has shut down a “bulk selling” operation in Thailand after concluding it could not make a profit. The decision to walk away from nearly 6 per cent of Asian revenue contributed to a 3 per cent decline in like-for-like sales at Tesco’s international business, taking the gloss off a sixth consecutive quarter of growth […]

CONTINUE READING

Retail Asia20/04/2017

Tesco Thailand like-for-like sales are growing “strongly” according to the UK parent’s preliminary results released Thursday. Asian commentary took up a very small part of the larger company’s announcement, however the figures showed a dramatic slowdown in sales growth during the second half of the year to February 25, compared with the first half. Combined […]

CONTINUE READING

Retail Asia10/02/2017

Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter the segment. Amazon already has an eCommerce marketplace in India, but […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X