Topic
77 stories in this topic
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
Britain’s biggest retailer Tesco has agreed to buy leading wholesaler Booker for 3.7 billion pounds, reasserting its dominance in food with a bold move into the faster-growing catering market. Tesco’s planned takeover of Booker shows the supermarket chain’s…
Tesco Asia’s sales growth stalled in the third quarter as Thais stopped spending during the mourning period for their late king. First quarter growth was 3.3 per cent and second quarter growth 3 per cent. But during the third quarter, according to results…
Tesco Thailand is not for sale, the parent company’s CEO Dave Lewis has committed during a visit to Bangkok. “I’m here to look at the expansion plans.” After Tesco UK sold off its Malaysian subsidiary in 2015 and its Turkish operation earlier this year, there…
Look for more, but smaller, neighborhood stores, an increase in local delivery trucks and changing store layouts as retailers accommodate aging populations, says The Silver Series IV: Retail Reconfiguration for Seniors. The report is the latest in a series of…
Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020. This was revealed in the latest market study by global technology research and advisory company Technavio. Its research report,…
Tesco Thailand aims to double its online shopping sales annually for the next three to five years. Local digital and online business director for the UK-owned Tesco Lotus business, Wanna Swuddigul, told The Nation newspaper Thai shoppers are looking for…
