LONDON, March 12 (Reuters) – Tesco Plc Chief
Executive Philip Clarke does not feel investors are running out
of patience with his leadership even after the market share of
Britain’s biggest retailer fell to a decade low, he said on
Tesco, the world’s third-largest retailer, is 22 months into
a turnaround programme under Clarke, but sales are still falling
at its 3,150 British stores despite spending on refits, more
staff and new product ranges.
BERLIN, March 10 (Reuters) – Initial inspections of
Bangladesh garment factories organised after the collapse of the
Rana Plaza complex have found safety problems including
overloaded ceilings, exposed cables and locked fire escapes, an
industry-backed group said on Monday.
Working conditions in the $22 billion industry have been
under scrutiny since the April, 2013 collapse of Rana Plaza in
which more than 1,100 workers were killed. A November 2012 fire
at another factory also resulted in 112 deaths.
BERLIN, March 10 (Reuters) – German retailer Westwing
predicts designer furniture and home accessories will be the
next big thing in online sales, betting that shoppers will be
attracted by photos, articles and style tips like those found in
Founded in Munich in 2011, shopping club Westwing offers
thousands of furniture and homeware products online daily from
pillows to lamps and sofas at discounts of up to 70 percent in
“flash sales” that last four days. Operating in Europe and
Brazil, it doubled members in 2013 to 12 million.
LONDON/BERLIN, March 10 (Reuters) – With the soccer World Cup only three months away, Adidas and Nike are squaring up for a marketing battle to match the fierce on-field rivalry of nations like Brazil and Argentina.
The sportswear giants dominate a soccer kit industry worth more than $5 billion annually. They vie for the title of market leader in the supply of hi-tech boots and jerseys to fans inspired by Argentine Lionel Messi, who wears Adidas, or new Brazilian idol Neymar, who is in the Nike camp.