Content about Economy of the United Kingdom

May 6, 2013
BP CIO elected to Manufacturing Leadership’s board

The Manufacturing Leadership Council, a global business network for senior industrial executives, has elected Dana S. Deasy, group CIO and group VP of information technology and services at BP, to the board of governors.

May 3, 2013
Safeway milks social media with dairy contest

Safeway’s Lucerne brand cow is the face of the company’s eighth annual Lucerne: The Art of Dairy art contest. Safeway chose nine student finalists whose life-size fiberglass cows stand to win one of them a $30,000 grand prize.

April 30, 2013
Best Buy drops Carphone, exits Europe

Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.

April 25, 2013
Safeway sales suffer, shares drop

Safeway shares dropped dramatically as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared to the first quarter of 2012.

April 18, 2013
Walmart could benefit from Tesco’s exit

With 6,700 stores in 12 markets, Tesco is a formidable competitor globally, but Walmart won’t have to worry about competing with the company on its home turf.

March 22, 2013
Report: Tesco U.S. experiment not so Fresh & Easy

U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture, according to a report by the Los Angeles Times — Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.

March 15, 2013
Safeway moves head merchant into ops role

Safeway president of merchandising, Kelly Griffith, was named to a new operational position, filling a void created by the retirement of EVP of retail operations Bruce Everette.

February 21, 2013
Safeway earnings, sales up in Q4

Safeway Inc. reported net earnings from continuing operations of $1.06 per diluted share for the fourth quarter which ended Dec. 29, 2012.

February 4, 2013
Former eBay exec to oversee online at U.K. department store

U.K. department store chain, John Lewis, has named Mak Lewis as online director, effective March 4. He will join the John Lewis management board (JLMB), reporting to managing director Andy Street.

January 29, 2013
Asda optimizes distribution

Walmart's U.K. chain, Asda, is optimizing its distribution operations by incorporating Isotrak vehicle-tracking, along with Paragon routing and scheduling software.

January 3, 2013
Burd resigns as Safeway chairman, CEO

The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

December 21, 2012
Sainsbury names gold medal board member

Leading U.K. retailer J. Sainsbury named Jean Tomlin to its board as a non-executive director, effective January 1, 2013.

December 7, 2012
West coast WMT threat eliminated as Tesco limps home

Tesco and Walmart’s Asda division are intense competitors in the U.K. and that was supposed to be the case in the U.S. when Tesco arrived in 2007 with its Fresh & Easy format.

December 5, 2012
Mason out as Tesco aborts Fresh & Easy

Tesco arrived in the U.S. in 2007 amid great fanfare with its first Fresh & Easy stores. Now, just five years later, the 30 year Tesco veteran in charge of the 200 unit operation is gone and the company is looking to unload the stores.

November 28, 2012
Reckitt Benckiser appoints new regulatory affairs director

Reckitt Benckiser has appointed Suzanne LoGalbo as the new regulatory affairs director for Reckitt Benckiser North America.

October 8, 2012
Safeway human resources head receives industry accolades

Safeway SVP human resources, Russ Jackson, has been named by Human Resource Executive magazine to the 2012 HR Honor Roll.

October 2, 2012
Safeway calls on employees, customers to take pledge for a better life

Safeway is calling on its associates and customers to take simple steps toward a better life.

September 19, 2012
George at Asda brings more fashion to over 40 set

George at Asda is extending its Moda line to offer more fashion items for U.K. women over 40.

July 2, 2012
Report: Tesco could exit U.S. if Fresh & Easy doesn’t improve

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, according to various news reports.

April 26, 2012
Safeway profits up in Q1, opening more Lifestyle stores

Safeway's first quarter net income rose to $81.6 million, from $25.1 million in the year-earlier period.

April 19, 2012
Tesco to focus on profitability before U.S. expansion

LONDON — The break-even forecast for the U.S. division of Tesco has been pushed back to early next year, the U.K. retail giant announced in its fiscal-year results.

March 29, 2012
Asda gaining grocery share in U.K.

Wal-Mart Stores is making strides across the Atlantic, as its Asda division is taking more of the grocery market share in the United Kingdom from rival Tesco.

According to a report from research firm Kantar Worldpanel, for the 12-week period ended March 18, Asda's share of the market grew to 17.9% on top of a year-over-year growth rate of 7.8%. By comparison, Tesco's growth rate of 2.7% lags behind the overall grocery market, which is growing at 4%.

September 26, 2011
Safeway appoints chief medical officer

Safeway has appointed Kent Bradley as its new chief medical officer.

August 22, 2011
Fresh & Easy seeks to expand workforce

Tesco's U.S. subsidiary Fresh & Easy said it's looking to fill more than 100 employee positions, including positions for four new California stores, the company announced Thursday.

June 1, 2011
Tesco continues to focus on Fresh & Easy

Tesco said it is turning its attention to its U.S. supermarket chain, according to the company's annual report.

© 2013 Retailing Today. All Rights Reserved.