LA Biz Observed
 
Bio • Email • Archive
Follow Mark on Twitter • 
Hear Mark Lacter on KPCC
 

After opening 59 markets since November, the British retailer will freeze all store openings as it takes the next three months to "smooth out any wrinkles." That unexpected pause is bound to raise questions about how well - or poorly - the much-followed chain is faring. The company, a unit of British retail giant Tesco, is notoriously tight-lipped about most everything, especially its weekly sales tally. Last month, a Piper Jaffray analyst said Fresh & Easy sales were falling short by at least $30,000 a week, and a supermarket consultant told a group of British investors that Tesco has miscalculated with its unusual concept of having limited items and focusing on fresh and prepared foods. That remains to be seen, but Fresh & Easy is certainly no instant hit. The not-quite convenience store and not-quite supermarket appears to be confusing shoppers. Company executive Simon Uwins did say on his blog that the chain still planned to open hundreds of stores in California, Nevada and Arizona. (OC Register)

> | More
© 2003-2010   •  About LA Observed  •  Email the editor
Follow LAO
Kevin Roderick blog
10:15 PM Sat | Marathon organizers are advising runners to get out early Sunday since getting to Dodger Stadium could prove difficult: "ARRIVE EARLY! We suggest you be there by 5:30am.," says an official tweet. Plus street closures, bus changes and more.
8:54 PM Sat | The Hump shuts its doors
Mark Lacter, LA Biz Observed
2:26 PM Fri | You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
Sponsors
Jewish Journal logo
California Wellness Foundation
For information on becoming a sponsor, email the editor.
Sign up for email

Enter your email address:

Delivered by FeedBurner


Blogads Los Angeles network

Get RSS Feeds
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.




Add to Google