Improving Sales but Big Losses for Fresh & Easy

LONDON – The fledgling Fresh & Easy Neighborhood Market operation showed heavy losses in its first reported results, but sales were improving, parent company Tesco said Tuesday.

LONDON — The fledgling Fresh & Easy Neighborhood Market operation showed heavy losses in its first reported results, but sales were improving, parent company Tesco said Tuesday. Beset by high initial overhead and a slow ramp-up in sales performance, the 90-store chain launched by Tesco last year showed a loss of $106.8 million on around $135 million sales for the 26-week period ending Aug. 23, Tesco officials said. The company previously had included its U.S. results along with its core h

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