Senior managers at the British supermarket chain Tesco will only receive bonuses if they manage to reverse the grocer's declining profits, according to the group's annual report last week.
- Thu
- Jun 20, 2013
- Updated: 8:45am
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Tesco
Founded in 1919 as a market stall in the East End of London, Tesco is now a major UK-based retailer, employing more than 500,000 people with operations in 14 countries.
12 Apr 2013
Blamed for empty shop shelves from Europe to Australia, networks of baby formula traffickers are shipping milk powder to Chinese parents fearful of local products, and working ever harder to meet...
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11 Apr 2013
British retailers are limiting purchases of baby milk powder to prevent customers from bulk-buying and exporting it to China for profit. Leading supermarket chains Tesco and Sainsbury’s say they...
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23 Feb 2013
Foreign supermarket chains are struggling to compete on the mainland and should expand their online sales platforms to boost their revenues, industry insiders say.
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8 Feb 2013
British authorities have warned the public not to eat beef lasagne sold by the Findus brand and made in France after tests found it contained up to 100 per cent horse meat.
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5 Feb 2013
Burgers containing horse DNA have been discovered at a second major plant in Ireland, the country’s agriculture department said on Monday, again pointing the finger at Poland as the country of...
10:51AM
Tesco is trying to lure Chinese shoppers with promotions on soy sauce, cooking oil and apples this week. But Emily Zhang still won't do much shopping there.
3:14AM
Stiff competition for prime locations and soaring rents mean big foreign retailers are shifting from leasing to buying land to develop their stores in mainland cities.
11:11PM
A Chinese University academic has called for the introduction of a cross-sector competition law after a survey found Hong Kong retailers, especially supermarkets, abused their market power with...
9:56PM
Some 200 years ago Napoleon described Britain as a nation of shopkeepers. Shopping still plays a huge role in the recreational life of the nation - for proof, pay a visit to Oxford Street, the...
7:45PM
WHEN Guy Watson heard last week that the British supermarket giant Tesco had opened a store in Beijing he smiled wryly.
4:30PM
People with a penchant for British actor Sean Bean, soy milk or a Cantopop duo will soon be bidding for their favourite number plates.
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