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Tesco Seeks the Count the Costs of their US Ventures

April 20, 2013 By Georgia Dawson Leave a Comment

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A number of UK companies and officials are of the view that what takes a head start in the United States, finally comes to the United Kingdom. The Americans have also been little interested in terms of embracing what UK has to offer to them. The only individuals who did embrace something from UK were the Beatles. It is also being said this week, the largest retailer in the domains of the United Kingdom, Tesco, is now all set to take a start in the US markets. Tesco is now looking to update the cities in the United States of America. But it seems like in the need for cracking the US markets, Tesco is the one which would be cracked first. As a general rule, it can be said that the citizens of the US are really partial in terms of the purchase of the groceries. In other words, they do not care at all for what Tesco has to offer for them. Surely, Tesco is now looking to bag some profits through their sales in the US business world, which is quite complex in comparison to others.

This is the reason for which the same company had also placed their business strategies under review last year. Analysts are of the view that when the retailer is going to release its latest business reports this week, the world will come to know how their profits have been in the state of decline. Moreover, the profits are expected to have fallen around nearly 10 %, which would be proved by the report also. The results would also come to offer a clarity in terms of whether or not the company is going to quit their functions in the United States. Some of the analysts are also of the view that Tesco is also going to announce a new deal, but it is still evident that things won’t work out for them quite easily. Surely, most of the people would not be surprised to see the company saying its good bye to the US business markets. The example of Tesco is also suited for those new companies who are planning to launch their businesses in the US markets.

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Filed Under: Business

About Georgia Dawson

What Georgia best loves about journalism is the intricacies of covering a story. Following a lead, talking to people or conducting under-the-hood investigations is what fuels Georgia’s drive for this profession.

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