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Tesco fights back in price cut war

Business | Retail
2009-1-7

TESCO Plc, the United Kingdom's biggest supermarket chain, said it's cutting prices by 100 million pounds (US$146 million) after competitor Asda announced discounts on more than 1,000 products less than a week ago. ...

Tesco slashes 1,000 prices by 50% in three-day sale

Business | Retail
2008-12-12

TESCO Plc, the United Kingdom's biggest supermarket company, said it will cut the price of 1,000 products by 50 percent from today, joining the likes of Marks & Spencer Group Plc in offering discounts to stoke Christmas...

UK chain forced to give discounts

Business | Retail
2008-9-18

TESCO Plc, the United Kingdom's largest supermarket chain, has introduced a new discount product range and cut prices on hundreds of items after a report showed that budget retailers Aldi Group and Lidl are gaining...

Tesco deal with bank may be days away

Business | Retail
2008-7-26

TESCO Plc, Britain's biggest retailer, is near to reaching a 1-billion-pound (US$2 billion) deal to buy out Royal Bank of Scotland's stake in their personal finance joint venture, industry sources said yesterday. ...

UK supermarkets cut prices to attract cash-strapped customers

Business | Retail
2008-6-28

TESCO Plc, UK's biggest supermarket chain, and nearest rival Asda said they have cut prices further as grocery retailers battle for business from customers struggling with higher mortgage, energy and food bills. ...

Tesco branches out into garden centers

Business | Retail
2008-5-22

TESCO Plc, Britain's biggest retailer, says it will pay 36.3 million pounds (US$71.4 million) to buy Scottish millionaire Tom Hunter out of Dobbies Garden Centres Plc and seek full ownership of the business. Tesco,...

UK retail giant snaps up South Korean chain

Business | Retail
2008-5-15

TESCO Plc, the UK's biggest supermarket company, agreed to buy South Korea's Homever discount chain for 958 million pounds (US$1.9 billion), boosting sales by about a third in its most profitable overseas market. ...

Tesco maintains growth with new US stores and cost cuts

Business | Retail
2008-4-16

TESCO Plc, Britain's biggest supermarket company, has reported annual profit that beat analysts' estimates on higher revenue in Asia and eastern Europe, and said British sales growth has accelerated since February. ...

Supermarkets tooppose system of government tests

Business | Retail
2008-2-18

UK supermarket companies should be subject to a "competition test" for planning applications and an independent ombudsman should deal with disputes with suppliers, the national competition regulator said. The Competition...

Tesco's growth weakens as shoppers sit on wallets

Business | Retail
2008-1-16

TESCO Plc, the United Kingdom's largest retailer, said holiday revenue growth slowed from the previous quarter, missing analysts' estimates as Britons pared spending. The retailer's shares fell to a four-month...