date:Jun 06, 2013
sy as a discontinued operation and taking a write-down of approximately $1.5 billion. The loss in the U.S. totaled $1.8 billion (U.S.) for the fiscal year, compared with a loss of $533.6 million a year earlier.
Leaving the U.S. is the right thing to do, Philip Clarke, Tescos chief executive officer, said at the time. Tesco also said in April it had received a lot of interest in Fresh Easy for the whole business and for groups of stores.
According to Laurie McIlwee, chief financial officer, W