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U.K. superstore drawn to S.D. region; British food retailer Tesco eyeing sites for high-end convenience stores in San Diego.

Publication: San Diego Business Journal
Publication Date: 26-JUN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Multi-billion-dollar British retailer Tesco is looking to make its U.S. debut in San Diego.

Chief Marketing Officer Simon Uwins confirmed last week that the $65 billion-a-year food purveyor is considering opening a store in San Diego as early as mid-2007.

Tesco, founded in 1924, made a profit of $3.5 billion last year and owns some 2,500 food and supercenter-type shops in the United Kingdom, as well as 12 countries in Europe and Asia.

For its U.S. debut, the Cheshunt, England-based company plans to launch higher-end convenience stores described by some as a cross between 7-Eleven and Whole Foods, although Tesco executives are elusive when it comes to sharing store...

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