LONDON — The first reported financial results of the fledgling Fresh & Easy chain revealed heavy losses and modest — but improving — sales, officials of parent company Tesco here said last week. Beset by high initial overhead and a slow ramp-up in sales performance, the 90-store chain launched by Tesco last year showed a loss of $106.8 million on around $135 million in sales for the 26-week period ending Aug. 23, Tesco officials said. The company previously had included its U.S. ...

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