Wal-Mart Store Inc has plans to open four Marketside stores in the Phoenix area, as part of its small, community grocery store concept. The stores will feature a wide selection of meal solutions and fresh ingredients, to compete with Fresh & Easy Neighborhood Markets, opened by Tesco in the U.S. market late last year. [...]
Analysts don’t agree on by how much, but they concur that Tesco’s 59 Fresh & Easy locations are missing their weekly sales targets. Some analysts think stores are averaging $170,000, while others think the number could be as low as $60,000. Interestingly, evidence suggests Americans are confused by the new concept: part organic, part convenience and all served up [...]
Tesco had planned to add 27 new locations to the 15 already operating in the Pheonix area. Now, they have upped those plans to 37 additional locations in the area, which are in various stages of development, according to a Tesco spokesperson. East Valley Tribune (Arizona) (Mar. 5, 2008)
Amidst reports that sales at the new Fresh & Easy grocery stores are not meeting projections, UK-based retailer Tesco said that the rollout was proceeding apace. In a statement released yesterday, Tesco said, “What we are seeing is growing sales, growing customer numbers.” In another sign of Tesco’s commitment to the U.S. market, Chicago realtors report that [...]
That’s according to a London-based food retailing analyst, who predicts up to 1,000 U.S. stores in five years and 2,500 stores in ten. The retailer currently operates 30 stores, and has 270 additional sites in its development pipeline. Supermarket News (Dec. 18, 2007)