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Hot Issue: Global Expansion

3/31/08
Tesco Calls a Time Out in America

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Tesco has reacted with forceful denials when reports have circulated suggesting that the British retailer's entry into the U.S. market has been less successful than the company expected before it opened its first location on the West Coast. Now, it comes to light, that Tesco has decided to take a three-month breather from opening new locations after it rolled out 59 stores in its first four months. Are you reading anything between the lines of Tesco's decision to hold off opening any more new stores for three months?

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