India news and analysis

10 April 2014
Carrefour has reported consolidated sales up 3.7% on an organic basis for the first quarter of 2014, with a "good performance" in France and Spain. Organic growth in emerging markets was +10.5%. Ongoing improvements in France and Spain First quarter sales faced what Carrefour called a "significant -7.4% impact" from a combination of a currency effect (-5.3%), later Easter (01.3%) and a fall...
08 April 2014
Walmart is poised to pilot ecommerce this summer, whilst in the mid term it will expand its store network by an additional 50 outlets. Trialling B2B ecommerce Walmart has recently announced plans to pilot B2B ecommerce this summer. The initiative will be launched in one of Walmart's twenty wholesale stores, in a service designed to cater for local kirana stores. The Wall Street Journal...
04 April 2014
Laurie Mcllwee, Chief Financial Officer and Executive Director at Tesco has decided to step down from his position and resign from the company. Mcllwee to stay in role until new CFO is appointed Recent press reports had suggested that such a move was on the cards, with Tesco taking the decision to confirm such rumours. To ensure a smooth handover Mcllwee has agreed to remain in his role whi...
26 March 2014
In a bid to increase convenience for its customers, Amazon has teamed up with Bharat Petroleum to offer click & collect from its In and Out petrol forecourt stores in Delhi and Mumbai. Convenient logistics The latest partnership with Bharat Petroleum in India is part of a global focus by Amazon, which has seen it roll out click & collect to the majority of its international markets as a conve...
24 March 2014
Tesco has confirmed that it has received approval from the Indian Foreign Promotion Board for it to set up a joint venture with Trent Hypermarket limited (THL) in India. First international grocery retailer to enter India following FDI relaxation The approval of the deal, which was first announced in December 2013 , means that Tesco will become the first international grocery retailer to e...
10 March 2014
Auchan has revealed consolidated revenue growth of 3.4% for 2013, at constant exchange rates, driven by central and eastern Europe and Asia. France saw revenue fall by 1.1%. Downbeat economy hits euro zone, positive performance in CEE and Asia Auchan said western Europe, excluding France, saw revenue fall by 2.8%, due to the "very downbeat economic environment in the euro zone." A pos...
05 March 2014
Carrefour has reported growth in recurring operating income of 9.8% for 2013, at constant rates, and +5.3% at current rates. It saw improvement in all formats in France, with a rebound in profitability in other European countries in the second half.   Strong growth in earnings, improvement in all formats in France Recurring operating income was up 11.3% in Europe. In France, operating incom...
03 March 2014
March 2014 marks the third anniversary since Philip Clarke took over the helm of Britain's largest grocery chain. We examine what has happened in this time and what the future may hold for Tesco. A hard act to follow... After years of successful growth under Sir Terry Leahy, Clarke has had to deal with significant change both outside and inside the organisation over the past three years. So...
26 February 2014
At Walmart International’s meeting for the investment community this week, its new President and CEO, David Cheesewright outlined the priorities for the division under his leadership. Simplifying the business In his first set-piece presentation heading up Walmart International, David Cheesewright outlined six key areas of focus for the next 12 months. The key theme of the presentation, an...
26 February 2014
Following this week's investor presentations, we explore three key messages from Philip Clarke, Group Chief Executive Officer and the Executive Committee on Tesco’s key strategic priorities: investment in the UK business, establishing multichannel leadership and pursuing disciplined international growth. Cap-ex and new space reduced Measures taken to free up resources include a reduction...