Content about Tesco Plc

January 29, 2013

A report by Bloomberg said that Tesco Plc may be recovering from its financial doldrums, as the country’s largest supermarket chain has matched market growth for the first time in more than 18 months.

July 2, 2012

Report: Tesco could exit U.S. if Fresh & Easy doesn’t improve

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, RetailWeek and other British news organizations reported.

June 18, 2012

Tesco to leave Japan

Tesco PLC is leaving the Japanese retail market after nine years.

April 18, 2012

Tesco investing to boost U.K. operations

Tesco Plc will invest 1 billion pounds ($1.6 billion) to help turnaround its domestic operations.

August 31, 2011

Tesco pulls out of Japanese market

Grocery giant Tesco PLC said Wednesday it is pulling out of Japan, which means shuttering 129 small, leasehold-owned stores in the Greater Tokyo area, which employ 4,000 people.

April 20, 2011

Tesco annual profit up, losses continue at Fresh & Easy

Tesco PLC said Tuesday that its profit rose 14% to $4.3 billion in its most recent fiscal year ending Feb.26, while annual group sales increased 8% to almost $106 billion.

February 17, 2011

Report: Tesco growth to outpace competitors

A survey released Thursday said sales growth at Britain's Tesco PLC, the world's third biggest retailer, will outpace its major international rivals -- including Wal-Mart Stores -- in coming years as it expands in Asia, the Associated Press reported.

February 1, 2011

Tesco rolling out energy display screens to 500 locations

Tesco PLC will install touch-screen energy display boards in 500 locations across the United Kingdom.

July 1, 2010

Tesco shareholder block objects to U.S. exec’s pay

A substantial bloc of Tesco PLC shareholders, urged on by U.S. union activists, rebelled against...

June 23, 2010

Warren Buffett raises stake in Tesco

Warren Buffett's investment company, Berkshire Hathaway, has raised its stake in British grocer Tesco PLC...

June 8, 2010

Tesco's CEO-in-waiting to continue global expansion push

On Tuesday, British supermarket mogul Tesco PLC announced a successor to retiring CEO Sir Terry...