Another Fresh & Easy worry: Wal-Mart's Marketside
Here is the link from a TimesOnline article that provides another worry for Tesco's F/E concept.
Tesco, due to report full-year results in two weeks’ time, has already lost ground on fears that its Fresh & Easy business in the western US is not doing as well as hoped. These were first raised by Mike Dennis, the Piper Jaffray analyst. Yesterday he pointed out that Wal-Mart intends to open four fresh-food convenience stores called Marketside this summer in Phoenix’s suburbs, near Tesco’s stores. He said that consensus 2009 sales forecasts for Fresh & Easy could be halved from $1.2 billion to $600 million.
TK: Here are some links to Wal-Mart's Marketside....
No reason Marketside won't succeed
Wal-Mart v. Tesco
Marketside unveils logo
Tesco, due to report full-year results in two weeks’ time, has already lost ground on fears that its Fresh & Easy business in the western US is not doing as well as hoped. These were first raised by Mike Dennis, the Piper Jaffray analyst. Yesterday he pointed out that Wal-Mart intends to open four fresh-food convenience stores called Marketside this summer in Phoenix’s suburbs, near Tesco’s stores. He said that consensus 2009 sales forecasts for Fresh & Easy could be halved from $1.2 billion to $600 million.
TK: Here are some links to Wal-Mart's Marketside....
No reason Marketside won't succeed
Wal-Mart v. Tesco
Marketside unveils logo
Labels: FDA, Fresh and Easy, Wal-Mart
posted by Tom Karst @ 6:08 AM
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