The company said Tuesday it will open 50 more wholesale stores in India over the next four to five years, adding to 20 it already operates.
Rahul Sharma, founder and managing director at NEEV Capital, comments on sales results from Tesco and Sainsbury's and explains how they are underperforming the broader sector.
Tesco has unveiled a brand new concept store in the UK in Watford. Tesco Extra is the latest experiment in transforming the supermarket into a retail destination.
Tesco is leaving the U.S., saying a number of parties are interested in buying all or part of Fresh and Easy's 200 stores, reports CNBC's Jane Wells.
The USDA is likely to approve a horse slaughtering plant in New Mexico in the next two months, which would allow equine meat suitable for human consumption to be produced in the United States for the first time since 2007. The NY Times reports.
Tesco CFO Laurie McIlwee discusses why the UK supermarket chain has suffered negative same-store sales for 18 months. Tesco's reported earnings early on Wednesday.
UK retail chains Sainsbury's and Tesco both reported earnings early on Wednesday. Jim McCaughan, chief executive of Principal Global Investors, tells CNBC which he thinks is the better stock pick.