Tesco

Indian GCCs turn digital twins of their HQs, lead in emerging tech like AI

For the US-based enterprise software company Planview, its India centre is not just a digital twin but a digital next generation

Barclays to buy most of Tesco's banking arm for nearly $757 million

Barclays will take on Tesco's existing banking operations in credit cards, loans and savings, adding 8.3 billion pounds of unsecured loans and around 6.7 billion pounds of deposits

Tiruppur's sustainable fashion materials gain traction in global market

Seeing interest from Primark, Marks & Spencer, Tesco, Decathlon

Tesco has moved from being service-led to engineering -based firm: CEO

UK-based retail giant is 'at the table with the leaders' in Indian business services industry, says Sumit Mitra.

UK Grocery giant Tesco cuts overnight roles; 1,600 jobs at risk

British supermarket chain Tesco warned Tuesday that more than 1,600 workers are at risk of losing their jobs because of changes to its stores and gas stations. The retail giant said many of the jobs are at risk after it removes overnight shelf-stacking roles at many shops. Three dozen gas stations also will be converted to pay-at-pump only during overnight hours, Tesco said. The company said it was aiming to reassign all affected staff. Tesco said Monday that it was planning to close its discount supermarket arm, Jack's, with seven stores shutting for good and the remaining six becoming Tesco shops. It also announced it was closing meat, fish and deli counters in over 300 stores. Customers' shopping habits have changed since the start of the coronavirus pandemic, Tesco UK and Republic of Ireland chief executive Jason Tarry said. The retailer told shareholders last month that it expected to post record profits of more than 2.6 billion pounds ($3.5 billion) for the current financial

UK's Tesco defies supply chain challenges to lift profit forecast

First-half core retail profit up 16.6% ; launches 500 mn pound share buyback

UK supermarket giant Tesco sees profit dented by Covid related costs

Tesco is Britain's biggest supermarket

Tesco to create 16,000 permanent jobs in UK amid online sales surge

Grocery giant Tesco on Monday said it would create 16,000 new permanent jobs in Britain to support the exceptional growth in its online business since the start of the Covid-19 pandemic.

Walmart's reverse merger with Flipkart may bulk up valuations ahead of IPO

The reverse merger may bulk up valuations ahead of an IPO in two years, but questions about the performance of the wholesale business remain

Tesco to further retreat global ops, plans sale of Thailand, Malaysia biz

The company said the review was at an early stage and gave no details of the approaches received.

Retail's tech backbone: India-built software drives likes of Walmart, Tesco

Walmart Labs has about 3700 people in India and most of them are based in Bengaluru

Tesco to cut 4,500 jobs at its Metro stores to improve efficiency

Tesco, which had a 27.2 per cent share in the latest data from sector researcher Kantar, has largely outperformed main rivals - Sainsbury's, Asda and Morrisons over the past year

Tesco set to cut about 15,000 jobs across 732 larger stores, says report

Chief Executive Officer Dave Lewis is expected to update Tesco staff early this week and will be forced to go through redundancy negotiations, the report said

British food watchdog probes reports meat found in vegetarian meals

The FSA said its priority was to ensure that consumers could be confident that the food they eat is what it says it is

Gender bias: UK retailer Tesco sued for $5.6 bn over unequal pay for women

Tesco says it works hard "to make sure all our colleagues are paid fairly and equally for the jobs they do

Tesco to pay $269 million to settle false accounting charges

Tesco said it would take a one-off charge of 235 mn pounds in its 2016-17 results, due on April 12

Big Tesco shareholders oppose $4.7 billion Booker deal

Tesco's investors Schroder Investment Management and Artisan Partners are against the transaction

Tesco chairman calls white men an endangered species in UK boardrooms

John Allan said women and people from an ethnic background were in an extremely propitious period

Tesco tests waters in Pakistan with Alpha Supermarkets tie-up

Tesco has been expanding rapidly in emerging markets to bolster sluggish growth in western Europe

Resurgent Tesco surprises with $4.6 billion swoop for wholesaler Booker

This deal reasserted its dominance in food with a bold move into the faster-growing catering market