The entry of Tesco into the U.S. last year followed a 14-year progression in international expansion for the retailer, which ranks as one of the world's largest supermarket operators. However, sales outside the United Kingdom account for only about 20% of the company's total volume, which is estimated at $97.7 billion (U.S.) for the fiscal year that ended in February. Observers told SN they expect U.S. sales to add approximately $2.5 billion in 2008. Tesco was already a major player in the ...
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