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Friday, December 07, 2012

Tesco's Fresh & Easy Headed for Closure?

In Progressive Grocer: " ...   Five years after its widely publicized U.S. debut, British supermarket operator Tesco is embarking on a strategic review of its beleaguered Fresh & Easy chain that has struggled to turn a profit from the outset. ... “It is now clear that Fresh & Easy will not deliver acceptable shareholder returns on an appropriate timeframe in its current form,” said Philip Clarke, Tesco’s chief executive, who noted the mandate before him to deliver long-term shareholder value since his appointment as CEO last year. ... "

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