Word: tesco
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...After Tesco entered the Thai market in 1998 with its brand of colorful, well-stocked superstores, angry local competitors tried to impede the powerhouse U.K.-based retailer's progress with a wall of lawsuits?including one that would have forced Tesco Lotus, the company's regional subsidiary, to shut off air conditioning because chilly stores posed a public health hazard to the equatorial Thai people. Frivolous legal actions were a minor nuisance compared with what came next. Over a five-month period last year, two Tesco Lotus outlets were bombed, another peppered with automatic weapons fire and yet another...
That's when GroceryWorks.com half owned by Safeway, is set to reopen after a brief hiatus in Texas and roll out elsewhere in the West. The company won't say where, but the Bay Area seems a soft touch in the wake of Webvan. The British firm Tesco, whose two-year-old delivery website is already breaking even in Britain, just took a 35% stake in GroceryWorks. com and will supply the in-store technology...
...Mart to cover the high price of admission. In its fiscal year just before the acquisition, Asda had operating profits of $702 million, and Wal-Mart vows to double that by 2004. But that's unlikely when Asda's market share is 9.6%, nearly nine points below market leader Tesco-a gap that has changed little in five years, according to Verdict...
...four pennies, others made a sixpenny cut in chocolates and a one-shilling chop in razor blades. Most appliances were reduced anywhere from 10% to 30% in the big stores. Scotch whisky was marked down 10% in many stores. Said Jack Cohen, chairman of the powerful 340-store Tesco chain: "The cut prices still show us a very good margin of profit...
Home. In Queens, L.I., a man charged with burglary was freed from jail under bond, went home, shortly came back to report that he had so much domestic trouble he preferred jail. He was readmitted. In Brooklyn, N.Y., Anthony Tesco went free after serving a jail term for assaulting his brother-in-law, went to his mother-in-law's house and knocked her off the back porch...