Tesco net rises ahead of U.S. launch: U.K. grocer girds to face Wal-Mart; sales slow at home

Article Abstract:

First-half net profit for UK supermarket company Tesco PLC increased 19% to reach $1.91 bil, driven by the company's entry into the US market. It will launch five of its first US stores in southern California on November 8, 2007, with plans for a total of 50 across California, Nevada, and Arizona. Tesco is investing $510.9 mil on its US entry during this fiscal year, and has already established a distribution center and staffed its El Segundo, California headquarters.

United States, Sales, profits & dividends, Organizational history, Company sales and earnings, Company earnings/profit, Location

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What makes Tesco, Kroger more than just rivals?

Article Abstract:

Tesco PLC, the UK's biggest retailer, owns the firm that runs the loyalty card program used by US-based Kroger Co., providing American shoppers with a glimpse of the Tesco experience even as Tesco launched its first US stores in November. Tesco officials cite Dunnhumby Ltd., the loyalty card firm, as one of its competitive advantages.

Kroger Co., KR, Loyalty programs (Marketing)

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