Comment: UK travails central to Tesco’s US U-turn
When pondering why Tesco has decided to consider quitting the US, one must look at the UK retailer's challenges at home, writes Dean Best.
Tesco set for likely US exit
Timeline: Tesco’s attempt to crack the US
Almost seven years since Tesco first announced its plan to enter the US, the UK retailer has today (5 December) it is "likely" to quit market. Tesco said it would take too long for its Fresh & Easy chain to reach the "scale and profitability it needs". Here, just-food, looks at the ups and downs, the optimism about and the criticism of, Tesco's US venture.
UK/US: Tesco US review “likely” to lead to exit – CEO Clarke
Tesco is "likely" to quit the US, CEO Philip Clarke admitted today (5 December), after the UK's largest retailer confirmed it is reviewing its options for its Fresh & Easy business in the country.
WRC 2012: Fresh & Easy “fighting nicely” – Tesco CEO Clarke
Tesco CEO Philip Clarke today (19 September) insisted the UK retailer would continue to persist with Fresh & Easy, the US chain that has concerned some in the City.
US: Tesco puts Fresh & Easy break-even target back
Tesco has said its target to make its US Fresh & Easy business break even by the end of the 2012/13 financial year will not now be achieved.
Talking shop: Tesco’s Japan exit prompts more questions
Tesco's decision to quit Japan is Philip Clarke's first significant strategic move as CEO but the move has led industry watchers to wonder if the UK retailer could leave othe…
Talking shop: Has Tesco been “foolhardy” in the US?
Speculation is mounting over the future of Tesco's operations in the US. Investor Warren Buffett has described the venture as "foolhardy", while some industry watchers believe potential Californian restrictions on…
UPDATE: US: Fresh & Easy losses “must come down” – Tesco CEO Clarke
Tesco CEO Philip Clarke said today (19 April) that it was "essential" that losses from its US business Fresh & Easy come down this year after the division's bottom line worsened over…
On the money: Incoming Tesco CEO Clarke upbeat about US
Tesco's CEO-designate Philip Clarke was today (5 October) today vowed to push ahead with its expansion in the market and said the UK retailer expected to break even across the…
UPDATE: UK/US: Tesco to press on with US assault
Tesco chief executive Sir Terry Leahy today (21 April) insisted the UK retail giant would continue to expand in the US but admitted the downturn had held back its ambitions…
UPDATE – US/UK: US unit to “last a generation” – Tesco
Tesco’s US venture will “last for a generation”, chief executive Sir Terry Leahy said today (15 April). The UK retail giant has faced claims that the early performance of its…
