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Billionaire Ron Burkle just bought the Fresh and Easy chain from Tesco. Today's earnings report from Kroger affords a glimpse into the way these markets make money.
Britain’s Tesco aimed for the low-end U.S. grocery market and crashed. New York’s Fairway chain went public, aiming at the higher end. Is there no middle ground?
Tesco, the U.K. retailer, started opening up a new kind of grocery store in the U.S. five years ago. More than a convenience store, almost a supermarket, Fresh & Easy hasn't found its place in shoppers' habits.
British supermarket company Tesco tried to expand into the U.S. under the Fresh & Easy brand. The effort has since proven fruitless. Investors are now pressuring Tesco to focus on the business back home.