Tesco confirms U.S. exit, posts first profit decline in 20 years

04/17/2013 | Bloomberg · Guardian (London), The · SCT Newswire

The U.K.'s Tesco will exit Fresh & Easy Neighborhood Market and the U.S. during the next few months as it continues on a path to revive sales at home, although the buyer and terms of the sale have yet to be identified, the company says. The retailer has reported its first annual profit decrease in 20 years, including a write-down of about $1.5 billion related to exiting Fresh & Easy.

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Bloomberg · Guardian (London), The · SCT Newswire

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