the focus hasn't been on asda, has it? >> because of this market share. market share has risen because they have been very focused on price. >> that campaign last year, buying the genes -- the jeans -- >> and discounters haven't eroded them so much. now i think the key issue is quality. in thoseu who are pricier items, particularly during christmas? focused,felt pretty determined, pretty confident. who hasn't six children and knows what juggling time is. >> great interview, caroline. i want to bring you some breaking news we have had from abn. go.e are over 1000 jobs to this will be phased in over the next four years by 2018. 1000 jobs will go to the retail. they are going to take provisions for those job losses, the cost associated with those job losses, between 700 and 500 million euros. of all the european banks it of people in terms being late with their payment, not making their overall loan repayments. mona power of his fall by almost three quarters of a billion euros. 287 million down from 347 million. they are looking at a lot of things like cost

where do we see the growth for asda? >> it is about innovation.ve gone big in terms of using. the london underground, you can space to collect your shopping. they want to do click and collect garages. outaven't seen asda roll the smaller stores like sainsbury's have on every corner. they stay on their big plots of land but say, we can provide your goods in a nearby locker if you need it. that is their new way of innovating. it is all about trying to scale up in the south as well. they are not known for quality and they are not known for the south of england. christmas?ckly, >> they don't play too much in that tactic. it will be interesting to see where they go. i think for them it is all about price. what they want to be known for is the cheapest price. think it will be interesting when you go to christmas and want to trade up, get champagne, something tastier. that is where they need to fill in the gaps, quality. >> thank you very much, caroline hyde. breaking news out of china. gainswill weigh capital for the shanghai hong kong stock exchange li

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last year, asda ran short of big screen tvs and now relying on the parent company to fill the shelvesopposed to local suppliers to sell a lot more 40 inch l.e.d.s for around $200. >> all of the tvs selling black friday have been sourced from relationships we've got with walmart and the branded suppliers or directly from walmart factories. today we'lle is well over 20,000 televisions in black friday today. >> reporter: this trend flies in the face of the time-honored british tradition of the january sales. >> we need to ensure that we can save them money before christmas rather than discounting them after christmas when people already spent their money. >> reporter: and it all appears to be working. >> the discount this is year are deeper and more widespread, and also there's a lot more advertising behind the black friday event. >> reporter: it doesn't hurt in great britain people get paid monthly so this black friday sees the last check before christmas, an early present for retailers perhaps. one difference, carol, i think is maybe the cheerleaders, i'm not sure you have cheerleaders

last year, asda ran short of big screen tvs.elying on the parent company to fill the shelves as opposed to local suppliers. to sell a lot more 40-inch l.e.d.s for around $200. >> all the tvs that we are selling in black friday have been sourced from either relationships that we've got with walmart and the brand its supplies or directly from walmart factories. today we'll sell well over 20,000 tvs. >> police in england said there were several arrests after being called to the tesco stores. the chief of police slammed the stores for not having enough security. in london, police were called to three more stores. this trend now flies in the face of the time-honored british tradition of the january sales. >> we need to ensure that we can save them money before christmas rather than discounting them after christmas when people have already spent their money. >> it doesn't help many people in britain get paid monthly, so this black friday also sees the last paycheck before christmas. an early pnt present for retailers perhaps. >>> hund

last year, asda ran short of big screen tvs. now they're relying on the parent company to fill the shelves as opposed to local suppliers, to sell a lot more 40-inch l.e.d.s for around $200. >> all the tvs that we are selling in black friday are being sourced from relationships that we've got with wal-mart, or directly from wal-mart factories. today we'll sell well over 20,000 televisions in black friday today. >> reporter: police in manchester, england, say there were several arrests overnight after being called to seven tesco stores. the chief of police there slammed the store for not having enough security. in london, police were called to three more stores. this trend now flies in the face of the time-honored british tradition of the january sales. >> we need to ensure that we can save the money before christmas rather than discounting them after christmas when people have already spent the money. >> it doesn't hurt that many people in britain get paid monthly, so this black friday also sees the last paycheck before christmas

we will get the asda ceo's views. that is an exclusive interview. >> a new report shows that only one in 10 hr leaders think that e-mail during meetings is acceptable. if you have ever been to a meeting with francine lacqua, you will know who started the trend. if you want to join in this conversation, should you be able to e-mail during+++ >> we forgot. if you want to join in the conversation. >> don't do this in a meeting. ♪ >> welcome back. >> i think we should say it together. >> i will carry on. thank you. this is "the pulse." we are on the radio. and we are streaming on bloomberg.com. we are even on your phone. >> we have everything covered. the battle between british retailers continues to rage says the ceo of one of the u.k.'s biggest players. we sat down for an exclusive interview with andy clark. he gave us his perspective on the future of the industry. short-term have some -- drive traffic, but as we said earlier on to day, it is a form of quantitative easing. at some point, you have to change. printing fiv

they'll sell 20,000 tvs, said asda, they sold 8,000 in the first hour. carol?believe it's happening now in britain and i apologize for that as an american. >> i think we're seeing more of that action today here than you saw in the u.s., frankly. >> i think so, too. crazy. jim boulden, many thanks to you, i appreciate it. >>> still to come in the newsroom, a behind-the-scenes look at arguably the most iconic holiday decor of all, the macy's window displays in new york city. this is so cool even scrooge would be impressed. you don't need to think that makes our lives possible. because we do. we're exxonmobil... and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. . >>> for many across the country it's a telltale sign the holidays are upon us. the iconic macy's window at herald square. since 1870, families have been crowded around the unveiling of the detailed concepts and storylines. with each year comes a challenge to create something even more mesmerizing than the