Tesco Cuts Its Growth Projections

EL SEGUNDO, Calif. Tesco is slowing its U.S. expansion plans for Fresh & Easy Neighborhood Market, the company's chief marketing officer told SN last week. We had plans to ramp up expansion right before the end of our fiscal year [in late February], Simon Uwins said, but in the current economic environment, we've decided to keep expanding at the same rate we have been. That rate would be an average

EL SEGUNDO, Calif. — Tesco is slowing its U.S. expansion plans for Fresh & Easy Neighborhood Market, the company's chief marketing officer told SN last week.

“We had plans to ramp up expansion right before the end of our fiscal year [in late February],” Simon Uwins said, “but in the current economic environment, we've decided to keep expanding at the same rate we have been.”

That rate would be an average of two stores a week, he said.

“We'll keep goin

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