Tesco: Fresh & Easy Per-Store Sales Up 55% Since Launch

April 16th, 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 billion or $4.19 billion) from from the prior year.  Sales rose 11% to £47.3 billion.  The Wall Street Journal  (Apr. 16, 2008)  Paid subscription may be required.

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