MAR
2
Tesco Tries to Hit a U.S. Curveball†
After Arriving With Grand Plans to Woo Affluent, U.K. Grocer Adjusts to Recession With Budget Brands
Wall Street Journal, March 2, 2009 — In 2007, as it rolled out ambitious plans to break into the U.S. market, British retailer Tesco PLC emphasized the high-quality foods at its Fresh & Easy supermarkets. Fifteen months, 114 stores and a deep recession later, the company has made big changes to its strategy: steep price cuts, aggressive advertising and a new budget brand.
Category: Brand
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