The showdown between Wal-Mart and Tesco starts October 4th in Phoenix, Arizona, where the first four Wal-Mart Marketside stores will open. Wal-Mart’s 15,000-square-foot, small-format grocery stores are seen as a direct competitor to the 78 Fresh & Easy stores Tesco has opened in western states this year. Reuters (Sept. 23, 2008)
Yesterday, Tesco PLC also announced plans to open an additional 150 Fresh & Easy stores in the U.S., in addition to the 60 that have opened since the chain’s introduction last November. The UK-based retailer is bucking the downward retail trend, posting a 12% increase in net income for the fiscal year ended Feb. 23 (to £2.12 [...]
Tesco USA confirmed plans to open 18 new store locations in the San Francisco Bay Area, beginning in 2009, and may have plans to open more than four stores in the Sacramento area, according to uncomfirmed reports. Tesco has opened 37 Fresh & Easy stores since November in sothern California, Arizona and Nevada. It projects having [...]