Tesco's Japanese Sale Increases Speculation For US Exit

Tesco's announcement that it is to exit the Japanese market has led to heightened speculation that the firm could pull the plug on its loss making US operations. Certainly the move makes apparent that new CEO Philip Clarke will not tolerate underperforming units indefinitely. This speculation is to some extent tempered by Tesco announcing on August 31 that it was to expand its US Fresh & Easy business to Sacramento, with plans for six new stores in 2012. However, this latest announcement also highlights one of the major problems with the current operation, with too few stores spread over too

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