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Tesco’s best U.S. move? Heading for the checkout counter Add to ...

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About time, too. Tesco’s decision to get out of the U.S. (or, in corporate-speak, launch a “strategic review” of the business) is long overdue. For a business that accounted for just 1 per cent of Tesco’s sales in the first half of the year, it attracted a disproportionate amount of attention. Tesco has little to show for the £1-billion ($1.59-billion) that it has spent in the U.S., other than £800-million of accumulated losses and a 200-store estate that struggled to attract shoppers.

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