Tesco heads back to the United States | RetailDetail

Tesco heads back to the United States

Tesco heads back to the United States

A year after it had fully withdrawn from the United States, British Tesco heads back across the pond. This time around, it will open several F&F clothing stores on the United States East Coast.

Back within a year

The very first F&F store will open in May in Boston, with stores planned for New York, Virginia and Maryland. In total, seven stores have been confirmed for the initial phase.

 

F&F currently has 43 franchise stores in 10 countries, but the chain intends on expanding into several new markets. Tesco will collaborate with a franchise partner in the United States as well, namely Retail Group of America.

 

Tesco had sold its American Fresh & Easy formula less than a year ago, after a 6-year stint trying to break into the American market. The company is the world's third largest retail, trailing Walmart and Carrefour.

Questions or comments? Please feel free to contact the editors


Analysis: six reasons major brands are under pressure

17/05/2018

Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.

Coca-Cola is still strongest global brands, but local brands are on the rise

17/05/2018

Coca-Cola, Colgate and Maggi are the most popular FMCG brands worldwide, according to a Kantar Worldpanel report. Local brands are stealing market share however.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.

Brussels bio chain Färm keeps expanding

14/05/2018

Färm, a bio store chain from Brussels, is supporting a planned expansion with a crowd funding campaign. The chain aims to open its biggest store so far in the North of the European capital, extending its services with a bakery in the store. 

More profit from smaller volumes for AB InBev

09/05/2018

Despite AB InBev’s beer sales dropping 0.2 % in the first quarter, the Belgian-Brazilian beer giant did generate a turnover increase and a gross profit above expectations.

Ahold Delhaize mainly grows online

09/05/2018

Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.