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British grocer Tesco is considering exiting Asia with a shock sale of its operations in Thailand and Malaysia. Tesco has confirmed that following an inbound interest, it has “commenced a review of the strategic options for its businesses in Thailand and…
Tesco Malaysia has opened its 60th store. The more-than 2000sqft store at Wangsa Walk is the retailer’s largest in the country, with recent changes in regulations reducing costs for an operation of this size and opening the path for similar formats going…
Tesco in Asia has reported a 54.1-per-cent boost in operating profit to £171 million as the company accelerated its cost-saving initiatives in Thailand. Those reforms include distribution efficiency improvements and more focused, effective marketing activity.…
Tesco Thailand is evaluating opening as many as 750 more convenience stores, which would expand its overall network by about 50 per cent. No timeline was revealed for the move, which is one of several strategic growth options being considered by the…
Tesco Asia like-for-like sales fell 6.2 per cent last year, but the decline eased to 3 per cent in the fourth quarter as restructuring of the Thai business took effect. UK-headquartered grocery retailer Tesco Group included the results of its Tesco Asia…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
