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The Fit Factor: Tesco's F&F cuts costs and lead times with 3D fit
2015-03-10 15:44:00| Daily apparel & textile news and comment - from just-style.com
Supermarket retailer Tesco has calculated that cutting lead times by one to two weeks on around one-third of the styles in its F&F clothing range adds 4-8% to net margin and generates savings of between GBP20 and GBP40m (US$30-60m). And this is just the tip of the iceberg when it comes to the benefits of 3D virtual fit and prototyping technology.
Tesco's ex-bosses to share 2m payout
2015-02-03 19:55:32| BBC News | Business | UK Edition
Tesco's former chief executive and finance director will together share a 2.2m payout after the supermarket chain said it was "contractually committed" to make the payments.
VIDEO: Life in the town with six Tescos
2015-01-08 16:06:54| BBC News | Business | UK Edition
Tesco have announced it will be closing 43 stores across the UK and it is shelving plans to open a further 49 new "very large" stores.
Tesco's H1 profit plunge: What the analysts say
2014-10-23 13:41:00| Daily apparel & textile news and comment - from just-style.com
In an unsurprising announcement this morning (23 October), troubled UK retail behemoth Tesco posted a 92% decline in first-half profits, weighed down by its higher-than-expected accounting error. While many analysts believe Tesco can now draw a line under its darkest days, views are mixed on how fast a turnaround, if any, is likely for the business.
Tags: say
profit
analysts
plunge
Tesco's woes drag down FTSE 100
2014-10-23 09:32:41| BBC News | Business | UK Edition
London's benchmark FTSE 100 index falls 1% in the opening minutes of Thursday's trading, dragged down by a big fall in Tesco's share price.