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As chairman of the Judging Panel for the inaugural Retail Week Hackathon, I can say on behalf of my fellow judges that we’ve witnessed some outstanding examples of innovation from a set of 10 inspiring teams.
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Tesco chairman Sir Richard Broadbent is facing further pressure after it has emerged the grocer’s board dismissed warnings from its own auditor about how it was accounting for commercial deals with suppliers.
Tesco’s new chief financial officer, Alan Stewart, will join the grocer today after a deal was struck with Marks & Spencer to terminate his contract early.
Retail news round-up on September 23, 2014: Tesco strikes deal with M&S to get Alan Stewart on board early, Sir Richard Broadbent undert pressure to quit as Tesco chairman, Dixons Carphone proceeds with plan to buy 50 to 100 Phones 4u stores.
Asda remains the only one of the big four grocers to have grown its market share as Tesco, Morrisons and Sainsbury’s suffered falls.
Tesco multichannel director Robin Terrell has stepped in to run the flagship UK business as an investigation begins into a profits overstatement.
Tesco shocked the City yesterday by revealing it had discovered pre-tax profits for the last six months have been overstated by £250m. The accounting issues relate to commercial income – any money that exchanges hands between suppliers and Tesco. Why has there been no investigation by the grocery watchdog?
Tesco has revealed that its expected half-year profit has been overstated by £250m and has launched an investigation. The City has reaced with shock.
Tesco’s chief executive Dave Lewis must both revise the basics for the struggling retailer and work out what modern superstores stand for today.
Dough McMillon and Dave Lewis haven taken over as chief executives for Walmart and Tesco respectively. What will they bring to their new roles?