Thursday, 21 March, 2019

Tesco and Carrefour plan alliance that will rival Amazon in sales

Tesco plans to work with French giant Carrefour Tesco plans to work with French giant Carrefour
Russell Knight | 03 July, 2018, 14:36

Carrefour, Europe's largest retailer, makes the bulk of its 88 billion euros ($102.5 billion) worth of sales in Europe and Brazil while Tesco operates in Britain, Ireland, eastern Europe, Malaysia and Thailand, and has a wholesale presence in India.

The companies said in a statement o Monday that the three-year deal will cover their relationship with suppliers and include joint purchasing of the stores' own-brand goods. This followed a deal previous year between Casino and grocery e-commerce tech provider Ocado Group Plc (OCDO.L).

The move comes as retailers face an increasingly competitive environment.

The grocery sector in the United Kingdom is now going through a period of rapid change. Tesco itself recently completed the purchase of wholesaler Booker, and in April, Sainsbury's said that it was in advanced talks to buy Asda from United States retail giant Walmart.

The announcement marks the latest reinvention in an industry that is grappling with the rapid move online, competition from discount groups such as Aldi and Lidl and the looming shadow of USA internet giant Amazon (AMZN.O).

Last year, Amazon bought upmarket grocer Whole Foods.

Wind spreads California fire as other states battle blazes
Authorities have ordered people in about 50 homes to evacuate because of a wildfire north of Bend, Oregon, in Warm Springs. The fire had grown to 1,000 acres by late afternoon, the California Department of Forestry and Fire Protection reports.

Malaysia 1MDB Probe: 408 Bank Accounts Frozen, Ex-PM's Stepson Summoned
In addition, the police have seized cash, handbags and jewelry valued at more than 1 billion ringgit as part of the investigation. Civil lawsuits filed by the US Department of Justice allege that almost US$4.5 billion was misappropriated from 1MDB.

England vs Colombia: Five players volunteer to take penalties in shootout scenario
The team has previously said a swelling was found in Rodriguez's calf muscle. "We had good news after his medical tests".

"Another price war is now looming in the United Kingdom supermarket sector", said Laith Khalaf, senior analyst at Hargreaves Lansdown.

He said: "This is more of a direct response to Aldi and Lidl, whose offers are heavily weighted towards own-brand".

Michael van Dulken, head of research at Accendo Markets, said: "The likelihood is that today's announcement is focused more on protecting wafer thin margins than benefiting consumers, knowing that brand loyalty is strong".

Other European rivals are similarly scrambling to reduce supply costs. It compares with a 0.9 per cent increase in the fourth quarter.

In January, Carrefour announced a major transformation plan that involved making cost cuts of €2bn by 2020, and investing €2.8bn in e-commerce by 2022.

Tesco boss Dave Lewis said: "I'm delighted to be entering into a strategic alliance with Carrefour".

Recommended

  • Andy Murray withdraws from Wimbledon with ongoing hip injury, as tournament begins

    Andy Murray withdraws from Wimbledon with ongoing hip injury, as tournament begins

    Andy Murray is fighting to be fit for Wimbledon , but the former champion admits he could still be forced to pull out. Instead, Murray's spot in the draw will be taken by Jason Jung of Taiwan, who lost in qualifying.
    Chelsea reject £50m bid for Willian from Barcelona

    Chelsea reject £50m bid for Willian from Barcelona

    The Portuguese born manager already re-united with his former player Nemanja Matic after working together at the Stamford Bridge. Barca are hoping to bring in the Anzhi Makhachkala's forward to strengthen their attack ahead of the coming league season.
    Federer stuns by appearing in Uniqlo instead of Nike

    Federer stuns by appearing in Uniqlo instead of Nike

    Forbes recently ranked him as raking in around $105 million previous year alone in endorsements and prize money. Roger Federer made his rumored divorce from Nike official by taking the court at Wimbledon in Uniqlo apparel.
  • Maryland newspaper says it received threats after shooting

    Maryland newspaper says it received threats after shooting

    But Buckley, a Democrat, tells the Sun that the scope of the tragedy at the city's newspaper merited more than that. Hiaasen said late husband had a passion for journalism, and principals those in the industry stand up for.

    Malaysian authorities arrest former prime minister Najib Razak over 1MDB investigation

    Two sources close to Mr Najib's family told Reuters that authorities picked him up from his home after serving him a remand order. Mahathir also said last month that there was an "almost perfect" case against Najib's role in the 1MDB scandal.
    David Warner opens up on his relationship with Steve Smith

    David Warner opens up on his relationship with Steve Smith

    It is great to have the support so I am thankful that everyone has been supportive since I have been here". Rumours were rife that the scandal caused a big fallout between Warner and the rest of the player group.
  • Wayne Rooney on joining last-place D.C. United

    Wayne Rooney on joining last-place D.C. United

    I never fancied going to London. "I need my own space to get away from things and this gives me a chance to do that". His new club are struggling in the Eastern Conference but his ambition is to be successful in the MLS .
    Messi, Ronaldo bow out in dramatic knockout openers

    Messi, Ronaldo bow out in dramatic knockout openers

    Portugal match jumped ahead 5% in the early metrics from the June 23 battle between previous titleholders Germany v. Cavani, however, had to leave the field due to injury. "We know that France will be very tough indeed".
    'FINAL chapter' - Andrew Neil gives DEVASTATING verdict on Angela Merkel's dwindling power

    'FINAL chapter' - Andrew Neil gives DEVASTATING verdict on Angela Merkel's dwindling power

    The alliance between the CSU and the CDU is decades old, but the issue of immigration has strained it to new levels of tension. And he insisted the CSU isn't questioning the government's stability and doesn't want to break up the CDU-CSU partnership.
  • Philadelphia 76ers: 3 reactions to LeBron James declining 2018-19 contract option

    Philadelphia 76ers: 3 reactions to LeBron James declining 2018-19 contract option

    BC-BKN-LeBron-Home Appeal, 818LeBron's home loyalty could push him to re-sign with CavsAP Photo NY152, NY153Eds: With AP Photos. Miami is the place where James left Cleveland for once before, and it's clear that he still enjoys South Florida.
    India v/s England 1st T20I

    India v/s England 1st T20I

    With the major tournament away, it gives you an opportunity to test your bench strength, try out fringe players - Kohli. If you have a target in mind or a target in front of you, then you play according to that.
    Notorious French gangster flees prison in daring helicopter escape

    Notorious French gangster flees prison in daring helicopter escape

    It was the second time he had escaped from a French prison - the last time he blasted his way out with hidden explosives. Three accomplices, who reportedly had Kalashnikovs, extracted Redoine Faïd from the Seine-et-Marne prison on Sunday.

Dutch PM Tells Trump 'No!' and That He Is Wrong on Trade The Netherlands' leader will be at the White House amid trade tensions involving the United States and a number of allies. He said he wasn't "planning anything now" but if the WTO doesn't treat the USA properly, "we will be doing something".

Messi, Ronaldo World Cup exits signal changing of the guard Messi, Ronaldo World Cup exits signal changing of the guard Japan are a different team to Wales, we'll learn the lessons". "If we think it's going to be easy tomorrow, we may lose". The 27-year-old Hazard perfectly embodies this, and he knows it.

Amazon Prime Launches, New Threat for Retailers Amazon Prime Launches, New Threat for Retailers A close-up of a packaged Amazon Prime item in the Amazon Fulfilment centre on November 15, 2017 in Peterborough, England. The website mostly focuses on Amazon's own brands like Amazon Essentials, Lark & Co, Daily Ritual and Goodthreads .

Samsung Galaxy Tab S4 leaked with slim bezels, no physical home button Samsung Galaxy Tab S4 leaked with slim bezels, no physical home button The device, that comes with Samsung's Super AMOLED display technology, is also available on Samsung online shop. Up front there's an 8-megapixel camera with f/1.9 aperture and features like "Selfie Focus" and "Beauty Mode".

Spain and Sergio Ramos set World Cup passing records against resolute Russian Federation Spain and Sergio Ramos set World Cup passing records against resolute Russian Federation The penalty shootout was one more example. "We cheered so hard". "It doesn't bother me and it isn't too important just now", he said.

Steve Smith marks return to professional cricket with half-century in Canada Steve Smith marks return to professional cricket with half-century in Canada Smith also noted cricket as a part of his "rehab" and is enthused to win the tournament for his side. If I'm playing in other tournaments there's every chance it'll be later on, probably next year.

LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket Nike signage outside arena before Game Four of the 2018 NBA Finals on June 8, 2018 at Quicken Loans Arena in Cleveland, Ohio. That year, his iconic block on Andre Iguodala was one of the defining moments of the Cavs' Game 7 win over the Warriors.

Mexico new president: How AMLO will deal with Trump's aggressive behaviour? Mexico new president: How AMLO will deal with Trump's aggressive behaviour? Much remains to be determined about how Lopez Obrador's often nebulous campaign proposals will manifest themselves in government. An official quick-count revealed that Lopez Obrador took the lead with 53-53.8% of votes, according to the electoral authority.

Amazon sales event Prime Day to debut in Singapore on July 16 Amazon sales event Prime Day to debut in Singapore on July 16 Before the Prime Day launch, the online retailer will be rolling out lightning deals in the week leading up to the main event. These could be the "home security devices" that will be newly on sale this year during Prime Day , alongside the Echo Show .

Uruguay's Edinson Cavani misses training but scans show no muscle tear Uruguay's Edinson Cavani misses training but scans show no muscle tear The Barcelona striker has two goals in the tournament so far, with one coming against Saudi Arabia and the other against Russian Federation .

Dell confirms plan to return to public markets Dell confirms plan to return to public markets The transaction is expected to close in the fourth quarter following approval by a majority of unaffiliated Class V shareholders. After VMware shareholders choose whether they want cash or Dell stock, Dell sharehlders will own between 20.8% and 31% of Dell.

Real Madrid deny making 310m euro offer for Neymar Real Madrid deny making 310m euro offer for Neymar They will now face Belgium on Friday, who squeezed past Japan after a last-gasp goal from Nacer Chadli. That's the end of that one then.

Mexico's Lopez Obrador commits to NAFTA after landslide win Mexico's Lopez Obrador commits to NAFTA after landslide win People cast their vote during the presidential election on a polling station in Xochimilco, Mexico City on July 1, 2018. Newspaper El Financiero's exit poll gave him 49 percent of the vote to 27 percent for Anaya and 18 percent for Meade.

Kevin Durant re-signs with Golden State Warriors Kevin Durant re-signs with Golden State Warriors With Durant, George and Paul off the board, James is the biggest name left to decide his intentions when it comes to free agency. Gay is 31 years old and he will need to play another big role for the Spurs especially if Kawhi Leonard doesn't come back.

European Union gives stark warning to USA over auto tariffs The EU has imposed retaliatory tariffs on goods worth €2.8 billion ($3.27 billion), primarily on US-built motorcycles. The letter also said any auto tariffs would "damage further the reputation" of the U.S. , according to the FT.