Industry Summits

Summit Notebook

Exclusive outtakes from industry leaders

June 20th, 2007

Audio - The element of surprise

Posted by: Nicole Volpe
Tags: Consumer and Retail, Summit

tesco.jpgUK’s grocery retailer Tesco was stealthy in its move into the US market - even building its new “Fresh and Easy Neighborhood Market” stores inside of warehouses, so that no one could see what they were up to.

“If anyone saw it asked what is this, we’d just tell them it’s a film set, and everyone would believe that in L.A. - it was entirely plausible,” Tesco Finance and Strategy Director Andrew Higginson told the Reuters Consumer and Retail Summit in London. “We were able to get away with it for quite a while.”

Tesco on track to open stores in November in four markets - San Diego, LA, Phoenix and Las Vegas, Higginson said.

Post a comment |

Post Your Comment

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

House Rules:
  • We moderate all comments and will publish everything that advances the post directly or with relevant tangential
  • We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous.information.