Tesco confirms U.S. exit, posts first profit decline in 20 years

04/17/2013 | Bloomberg · Guardian (London), The · SCT Newswire

Tesco will definitely exit Fresh & Easy Neighborhood Market in the U.S. during the next few months as it continues on a path to revive sales at home, although the buyer and terms of the sale have yet to be identified, the company says. The retailer has reported its first annual profit decrease in 20 years, including a write-down of about $1.5 billion related to exiting Fresh & Easy.

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Bloomberg · Guardian (London), The · SCT Newswire

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