Morrisons names former Tesco director David Potts as new chief executive
Morrisons, the UK's fourth largest supermarket chain, has named former Tesco director David Potts as its new chief executive.
Potts began working at Tesco when he...
Retail sales slumped in February, surprising analysts, UK
Analysts were surprised to see a slump in UK retail sales in February, according to a report published by the CBI (Confederation of British...
Procter & Gamble to divest 100 brands over next few months
Procter & Gamble announced that it plans to divest around 100 of its underperforming brands over the next couple of months. The brands being...
ASDA spending £600m this year on expansion plans
ASDA, the second largest food retailer in the UK, announced plans on spending £600m to expand its presence in the UK - through opening...
Tesco cutting 10,000 jobs, says report
Tesco may be laying off as many as 10,000 employees as part of the company’s effort to become profitable again.
The UK's biggest retailer is...
Tesco is bouncing back from a tough year, sales rose 0.3% over last 12...
According to a survey by the research firm Kantar Worldpanel, Tesco has, for the first time in a year, experienced slight sales growth.
Kantar said that...
Target locations expected to sit vacant in Canada
Target is saying farewell to its market presence in Canada and as a result 133 large retail spaces will be up for grabs later...
Will Tesco suppliers blow the whistle in Groceries Code Adjudicator probe?
The Groceries Code Adjudicator has called on Tesco suppliers to come forward with evidence regarding the supermarket giant’s practices. But will they dare become...
Tesco rewards disastrous ex-bosses with £2.1m Golden Goodbyes
Tesco plc, the world’s second largest retailer, is rewarding two ex-bosses who were at the helm as the company rapidly lost market share and...
Chip Wilson steps down from Lululemon board
The founder of Yoga-wear manufacturer Lululemon, Chip Wilson, is stepping down from the company’s board of directors.
Wilson said that the company is back on...