Losses More Than Double at Fresh & Easy

Tesco said yesterday it plans to open between 60 and 70 new Fresh & Easy Neighborhood Markets this year in additional cities in the Western U.S., although it expects losses in the U.S. to continue until the economy recovers.

CHESHUNT, England — Tesco here said yesterday it plans to open between 60 and 70 new Fresh & Easy Neighborhood Markets this year in additional cities in the Western U.S., although it expects losses in the U.S. to continue until the economy recovers.

Speaking with investors in a conference call here, Sir Terry Leahy, chief executive officer, said Tesco could reduce the losses “if we wanted to, but it's important to keep pushing on into the recession to keep our momentum up b

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