Tesco results today

From The Telegraph in the UK comes this story anticipating the release of Tesco's results later today. Of course, much speculation about what Tesco will say about its U.S. Fresh & Easy venture, though it won't disclose sales from the group just yet. The oft-quoted analyst Mike Dennis says this about Tesco's Fresh & Easy in the story:


Among its harshest critics has been Mike Dennis, analyst at Piper Jaffray, the bank. In a note yesterday, Mr Dennis said: "What's the problem with Fresh & Easy? In our view, it is a sterile, small costco, too quiet, not quirky, has a negative feel, too different or ahead of its time. Maybe all of the above, but Tesco seems to have over-engineered the concept." Ouch!