Tesco, the third-largest retailer in the world, today announced plans to take on numero uno Wal-Mart on its home turf beginning next year.
Tesco, which is Britain's biggest retailer, said Thursday that it intended to enter the US market in 2007 with the opening of small convenience stores on the country's West Coast.
. . .
In Britain, Tesco earns about 30 percent of consumers' money spent in traditional grocery stores, while its tills ring up about one in every eight pounds spent by British shoppers.Wal-Mart owns Britain's second-biggest supermarket chain Asda, while the French supermarket Carrefour is the world's second-biggest retailer.
Carrefour has recently run into problems in connection with the Cartoon Jihad. The company's removal of Danish products from its shelves in Muslim countries has resulted in a Belgian campaign to boycott Carrefour.
via The Pearcey Report.









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