Both Tesco and Carrefour in Thailand have launched aggressive price cutting campaigns. Tesco Lotus said it would cut the prices of 500 products by an average of 7.5% – equal to the current rate of inflation. The price cuts are part of its latest “Roll Back” campaign, touted as an effort to help customers save […] ↓ Read the rest of this entry…
Chief executive Sol Trujillo made a rare Australian appearance to open the shop and will be pleased that it is unlikely to suffer the fate of its Sydney sibling: being dwarfed by a glamorous and more impressive, three-storey Apple megastore across the road. Trujillo and his mini-me, Telstra retail chief David Moffatt, made all sorts […] ↓ Read the rest of this entry…
HMV today reported a 25% surge in annual profits as it gained market share, helped by the popularity of new games like Grand Theft Auto IV and Wii Fit. Runaway demand for console games has helped the CD, DVD and game retailer, which also includes the Waterstone’s book chain, dodge the gloom seen on other […] ↓ Read the rest of this entry…
Italian food chain ‘Italicks’ has planned to enter Indian market by launching its first store in Pune by December this year. The company, in partnership with Ghai Group, which is involved in hospitality sector, will open outlets in 40 to 50 cities in India. Sharing plans, Pankaj Chaturvedi, executive director, Italicks, said, “Italicks will roll […] ↓ Read the rest of this entry…
Telecoms regulator Ofcom has called on fixed line operators like BT and Virgin Media to offer much faster broadband speeds and has promised to let them make a return if they make the necessary heavy investments. With the UK under pressure to offer faster download speeds to remain competitive, Ofcom chief executive Ed Richards told […] ↓ Read the rest of this entry…
The latest report from the European Commission has highlighted the need for consumers to buy more online products and services abroad, venturing beyond home markets With up to 56 percent of the EU community now making purchases using the web, the Commission believes that confidence must be heightened to cross borders and embrace e-tailing at […] ↓ Read the rest of this entry…
Booths, Britain’s remaining independent supermarket group, is holding its own against competition from the big chains. The Preston-based company saw a 30% increase in profit last year from £6.9m the year before as shoppers snapped up its locally sourced foods. Edwin Booth, the fifth generation family member to head the firm, said its ethical and […] ↓ Read the rest of this entry…
There’s no escaping the fact that times are tough, so much so that retailers are having to ‘think outside the box’ more than ever to find alternative ways to drive their revenues. Whilst it is proving difficult to continue growing sales from their existing core businesses, I think there is evidence of some good examples […] ↓ Read the rest of this entry…
· Leoni-Sceti’s task is to save £200m in operating costs · Plans to shed at least 1,500 jobs and slash salaries He has proved that he knows how to sell things that make your home shine, but Elio Leoni-Sceti is now bracing himself for a stiffer challenge: to make troubled music group EMI sparkle again. […] ↓ Read the rest of this entry…
NEW YORK – Microsoft Corp. is open to a “major transaction” with Yahoo Inc to either purchase a part or all of the company if a new board of directors is elected, billionaire activist investor Carl Icahn wrote in a letter to shareholders on Monday. Icahn, a Yahoo shareholder attempting to replace the Internet portal’s […] ↓ Read the rest of this entry…
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