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Feb 13, 2006 -- Tesco coming to the States
What grocery store do you use? Competition is heating up in the supermarket industry and now there is a new player Tesco. If youve traveled in Europe, youre probably familiar with this chain. Clarks crew recently experienced Tesco in the Czech Republic and found some great deals. Its the most competitive supermarket in the world. And, despite warnings, Tesco is coming to the States. The company is spending half a billion dollars to start up on the West Coast and fan out from there. Tesco is planning to open min convenience stores that are like smaller versions of Whole Foods Market. The stores will be in higher income neighborhoods and will deal mostly in pre-planned meals and meal solutions. Its going to be like an upscale convenience store, and it has Wal-Mart, warehouse clubs and traditional supermarkets a bit concerned. Well keep you posted pm Tescos progress.
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