Global retailing news

10 January 2013
Alongside its Christmas trading update, Tesco has announced a number of senior management changes across its executive committee, including the appointment of a new UK Managing Director. Chris Bush appointed as UK MD Chris Bush, who has held the role of UK COO for the past nine months, has been appointed as the new UK Managing Director and will oversee the day-to-day running of Tesco's ...
10 January 2013
Tesco has released its Christmas trading results for the six weeks to 5 January, with group sales up 3.9% inc. VAT exc. fuel (3.6% at actual exchange rates). The performance of its UK operation continues to strengthen with performance internationally similar to that experienced in Q3. Tesco's strongest UK growth for three years In the UK sales over Christmas increased by 4.3% (inc. VAT,...
10 January 2013
In order to help customers save money, Coles has slashed the prices of over 100 products, its largest round of price cuts since it launched the Down Down campaign in 2010. Everyday private label products slashed in price Coles has invested tens of millions of dollars in cutting the prices of over 100 everyday products. Coles says that the new cuts are in response to research that it con...
09 January 2013
SPAR Switzerland has reported sales growth of 3.8% for 2012, to CHF1,041m, and has revealed its main priority for the year ahead.    CEO satisfied with results SPAR's growth was achieved against a background of deflationary prices in food, and a fall in foodservice sales.  Chairman and CEO of SPAR Switzerland, Stefan Leuthold, said the retailer was very satisfied with the 2012 growth.  ...
03 January 2013
Big C, Casino's Thai subsidiary, is aiming to triple its store portfolio by 2016 according to trade press reports. Casino targeting 1250 stores by 2016 Reports suggest that the French retailer's Thai subsidiary, Big C , wants to open 300 Big C and Big C Market hypermarkets and supermarkets as well as 950 Mini Big C convenience stores. One of Big C's points of difference is the segmentat...
03 January 2013
Our team of experts have identified five trends you need to be aware of in 2013 in our latest Special Analysis research. Looking ahead, we anticipate innovation to drive loyalty and value propositions, further fusion between online and offline channels, and an increased 'humanising' of brands. Living better for less The macro-economic backdrop will see global austerity...
02 January 2013
According to Indian publication the Economic Times, Tesco is looking to increase the amount of food sourced directly from within the country. New subsidiary organisation Tesco has created a new subsidiary organisation in India , which will help it purchase increased levels of food from across the region in the year ahead. The move will help the retailer, which already reportedly targe...
02 January 2013
Edeka has confirmed the divestment of its 25% stake in the Netto discount business, ending its agreement with Dansk Supermarked. Strategic focus on independent retailers The divestment, first reported in mid-December , took effect from 31 December 2012 when the stake was sold back to the Danish group.  Group CEO Markus Mosa said that strategic focus would fall on Edeka's independent re...