US convenience launch for Tesco
UK SUPERMARKET Tesco announced plans yesterday to trial a series of smaller stores in the US, in an attempt to offset losses at its chain of Fresh & Easy outlets.
Tesco launched in the US in 2007 and runs around 175 stores across the country, but has struggled to make a profit, with trading losses of £186m in the year to 26 February. The Fresh & Easy Express stores will be around 3,000 square foot, around the same size as the average Tesco Express.