CHESHUNT, England — Tesco here said yesterday it plans to open between 60 and 70 new Fresh & Easy Neighborhood Markets this year in additional cities in the Western U.S., although it expects losses in the U.S. to continue until the economy recovers.
Speaking with investors in a conference call here, Sir Terry Leahy, chief executive officer, said Tesco could reduce the losses “if we wanted to, but it's important to keep pushing on into the recession to keep our momentum up because that ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.