UK - Tesco scrap plans to open 100 new stores after profits slump 50%
date:Apr 19, 2013
because of the amount of money the company is investing in improving its operations.


The mistake many British retailers have made is to treat the US as one country

Richard Lowe Head of retail, Barclays

Can UK firms make it in the US?

Tesco had hired thousands of staff in the UK and revamped stores, he said. We feel Tesco in the UK can be better for customers. That's what they want and that's what we're beginning to deliver.

He said that the US exit plans were well-advanced, with interest
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