By Planet Retail2010-06-17T09:09:00+01:00
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart.
It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
The recruitment of Tracey Clements is a statement by BP that it finally intends to take its convenience business seriously.
Earlier this month Sainsbury’s followed competitor Tesco’s lead in launching its very own Aldi price match. Retail Week analyses how the two schemes compare.
BP has poached Boots executive Tracey Clements to lead its European convenience business.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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