Tesco Takes a Fresh Look at Japan
Tesco (TSCDY) has plenty of ambition. The supermarket operator is gearing up to open dozens of Fresh & Easy Neighborhood Markets in the U.S., usually described as a graveyard for British retailers. By February, the company plans to ink leases on 100 of the outlets in Arizona, California, and Nevada and is earmarking $500 million a year for its U.S. push (see BusinessWeek.com, 2/16/06, "Tesco: California Dreaming").
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