Fortune reports that Tesco - in addition to its plans to open stores in Southern California, Arizona and Nevada – likely is planning to open its Fresh & Easy Neighborhood Markets in Colorado as well.
Tesco denies the report…to a point. "We have confirmed that we will be focusing on Los Angeles, Las Vegas and Phoenix," says Tesco spokesperson Greg Sage. "We do not plan to open any stores in Colorado in the near future, but we never say never."
Tesco plans to spend $2 billion over the next five years to make an impact on the US retail marketplace.
Tesco denies the report…to a point. "We have confirmed that we will be focusing on Los Angeles, Las Vegas and Phoenix," says Tesco spokesperson Greg Sage. "We do not plan to open any stores in Colorado in the near future, but we never say never."
Tesco plans to spend $2 billion over the next five years to make an impact on the US retail marketplace.
- KC's View:
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Count on it. No matter what Tesco says or doesn’t say.
We wouldn’t be surprised to find out that Tesco has teams on the ground in every major market in the US, looking for every possible entry point where there is an opportunity.
