Content about Tesco Plc

April 16, 2014

Philip Clarke, CEO of leading U.K. grocery and general merchandise retailer Tesco plc is publicly resisting calls for his resignation following a 6% decline in annual profits and 3% quarterly drop in U.K. same-store sales.

April 15, 2014

Tesco Plc plans to bring its value-priced F&F clothing format to the United States, opening seven stores on the East Coast this year with its U.S. franchise partner, Retail Group of America.

February 14, 2014

Major British supermarket chain Tesco plc has reportedly been the victim of a data breach. According to CNBC, hackers have gained access to the personal data of more than 2,000 Tesco customers and posted it online.

December 19, 2013

British supermarket and general merchandise retailer Tesco plc has reportedly applied to the Indian government for permission to buy a 50% stake in the Indian hypermarket chain Trent Hypermarket Ltd.

September 30, 2013

Tesco Plc’s Fresh & Easy chain filed for Chapter 11 bankruptcy as part of a plan to sell most of the U.S. chain’s 167 stores to a private equity firm led by billionaire Ron Burkle.

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

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 PLC is leaving the Japanese retail market after nine years.

April 18, 2012

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

August 31, 2011

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 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

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

July 1, 2010

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

June 23, 2010

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

June 8, 2010

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

December 8, 2008

Britain's Tesco PLC will overtake France's Carrefour SA to become the world's second-largest retailer by...

April 17, 2008

While a top company official recently blogged that Fresh & Easy Neighborhood Markets would impose...

March 12, 2008

Safeway Inc. president and CEO Steve Burd said his company will rely more on providing...

November 30, 2007

British grocery giant...

October 1, 2007

London, Tesco PLC...

July 4, 2005

Leeds, England, The...

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