date:Aug 12, 2013
rket share and has the cash to do so.
Home Market First
The move follows steps by Tesco to retreat from international expansion and focus on its British home market.
In April Tesco posted its first profit fall in two decades, wrote down the value of its global operations by $3.5 billion and confirmed plans to exit its loss-making business in the United States after five years trying to crack the market.
In 2012 the firm ended a nine-year attempt to compete in Japan's tough retail market, eff