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Report: Tesco U.S. experiment not so Fresh & Easy
LOS ANGELES — U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture, according to a report by the Los Angeles Times — Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.
The retailer's struggles can be traced to labor unions and an ambitious investment into an 850,000-sq.-ft. distribution center that placed pressure on the 200-store chain to expand rapidly, according to the LA Times report.
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Two new locations announced for Nordstrom Rack
Seattle -- Nordstrom announced plans to open a Nordstrom Rack in Louisville, Ky. The 33,000-sq.-ft. store, at Shelbyville Road Plaza, is scheduled to open in fall 2013 and will be the retailer's first location in the state.
Nordstrom is also expanding its presence in Florida. It will open a Nordstrom Rack at the Shoppes at University Town Center to serve customers in the Sarasota-Bradenton metro area. The approximately 35,000-sq.-ft.store is scheduled to open in fall 2013.