Uncertainty surrounds Tesco
Tesco, for so long a case study in how to succeed in UK retailing and expand overseas, is facing accusations that it is losing its touch. Speculation over its US business and signs of a...
UK retail giant Tesco is putting the brakes on its US expansion plans amid the economic slowdown in the country.
Tesco has branded claims that its Fresh & Easy stores in the US have fallen short of expectations as “scaremongering”.
Shares in Tesco have slipped by more than 3% this morning (15 January) after the company’s performance over Christmas and the New Year missed analysts’ forecasts.