Tesco to Exit U.S. After First Profit Drop in About 20 Years

Tesco to Exit U.S. After First Profit Drop in About 20 Years

Jonathan Alcorn/Bloomberg

A customer carrying a shopping bag leaves Tesco Plc's Fresh & Easy supermarket in Hemet, California. Tesco said it will exit the U.S. and took a 1.2 billion-pound ($1.84 billion) charge to end the Fresh & Easy business.