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Tuesday, August 19, 2008
Tesco Looks to Midwest as new Frontier |
Source: CSN
Tesco, the world's third largest retailer, will open a new corporate office in Chicago, a move that proceeds the launching of its Fresh & Easy convenience stores in the region.
The move is a definitive statement that despite hard times Tesco seeks to build in U.S.-brand base from the 71 locations it currently operates in Arizona, Nevada and Southern California.
A Tesco spokesperson said that Matthew Price, a real estate director at Fresh & Easy, will lead its property acquisition team in Chicago. "At the moment, our focus is very much on the west coast and opening stores there," he said.
This week's announcement comes on the heels of Tesco plans to open cash and carry stores in India, and supply products and services to Star Bazaar, Indian conglomerate hypermarket chain owned by Tata. |
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