According to Britain’s largest food retailer, supermarket chain Tesco, the days of cheap food are over forever. In an interview with the Observer Tesco’s head, Philip Clarke said, “Over the long run I think food prices and the proportion of income spent on food may well be going up.”
Understanding your product as well as the idiosyncrasies and statistics of your target market, wherever it may be, is vital if you want to take your brand to new heights. But some times even the biggest retail brands can get it wrong.
British based supermarket operator, Tesco has decided to pull out of the United States market after its US operations racked £2 billion in losses, delivering Tesco’s first fall in overall profits in 20 years.
The news that the horse loving British have been feasting on horse has been treated with shock by British media, since news that supermarket chain, Tesco has been adding Polish sourced horse meat to its hamburger ‘beef’.
A successful launch for Silver Fern Farms’ branded New Zealand lamb range into retail giant Tesco has meant the company will now expand the product range available in Britain.
Tesco is trialling augmented reality technology that allows shoppers to see 3D projections of products before they buy them, both in stores and online, reports Retailwire.
British supermarket chain Tesco has been fined £10 million for being involved in fixing milk prices.
Supermarkets in the United Kingdom have moved into the high-end gourmet food market, with recent announcements of new products by both Morrisons and Tesco.
British media is reporting the retailer Tesco is having trouble attracting fashion brands to its online site because they are concerned Tesco’s brand image may compromise their own.
In South Korea, ‘waiting time’ is now ‘grocery shopping time’.
Tesco supermarkets in the United Kingdom has launched a range of healthy food for children.
British supermarket chain Tesco has announced that from the end of 2012 all canned tuna sold in its outlets will be certified by the Sustainable Fisheries Partnership as being pole-and-line caught.