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Post by Deleted on May 5, 2011 8:15:44 GMT
Tesco might be one of the world's largest retailers, with profits in the billions, but it's not having everything its own way. The US stubbornly refuses to fall for its charms. Why?
When Tesco recently announced its worldwide financial results, there was little surprise that its group profits were up 12%, to £3.8bn in the year ending in February.
But there was one region of the world that bucked the trend. The US was the only blot on its copybook, posting a loss of £186m.Read more here - www.bbc.co.uk/news/magazine-13190124
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Post by Deleted on May 5, 2011 8:19:26 GMT
The French hypermarket chains Carrefour and Auchan both tried to enter the U.S. and failed. Of course, Wal-Mart has not managed to enter the French market either.
Tesco had one store in France in the Cité Europe mall at the tunnel entrance, but they closed it a year ago.
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Post by mickthecactus on May 5, 2011 9:26:12 GMT
In my view Tesco is one of our worst supermarkets for fresh food and meat. Short shelf life and poor quality.
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Post by mickthecactus on May 5, 2011 9:44:27 GMT
Carrefour entered UK in the '70's near to where I was living in Hampshire and I thought they were excellent and very different. I'm surprised they didn't make it in the UK.
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