Losses Down, Sales Up at Fresh & Easy

CHESHUNT, England — Tesco here said Wednesday that Fresh & Easy Neighborhood Market is on track to meet its guidance of "sharply reduced losses" this fiscal year "on our way to breaking even" toward the end of 2012-2013.

The company also said the test of its "friends" loyalty card at seven stores in Bakersfield, Calif., has met with such success that

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