Tesco suspends Christmas card-maker in China over forced labor allegation
U.K. grocery giant Tesco PLC suspended its supply of Christmas cards from a Chinese factory and said it was investigating a newspaper report that prison labor was used in their production. All the cards produced by the factory have been withdrawn from sale, Tesco said ...
Retail rout deepens as U.K. and Germany lose thousands of jobs
Europe's retail crisis deepened as companies in the U.K. to Germany are set to cut thousands of jobs as online shopping accelerates erosion of sales from traditional bricks-and-mortar stores. Tesco, the biggest U.K. grocer, will eliminate about 15,000 positions and close meat, fish and delicatessen ...
Walmart may be on the cusp of making its final checkout from the Japanese retail market
With speculation rife that Walmart Inc. is seeking to offload Seiyu, its Japanese subsidiary, the U.S. retail behemoth's possible failure may be interpreted as the result of this country's ultracompetitive retail market. After all, other global supermarket operators, such as Britain's Tesco PLC and France's ...
