The Official Website of the Long-Term Investor
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
This company is a beast and it's rolling its way into the US markets to take on WMT and TGT.
This is from a recent article of mine:
he British are invading the United States (yes, once again), but this time they're not bringing Redcoats, the Beatles, or Harry Potter with them.
They're bringing groceries.
Groceries?
Yes, groceries. In 2006, British megaretailer Tesco announced that it was expanding its $60 billion business to the U.S. markets, putting it in direct competition with Wal-Mart (NYSE: WMT) and Target (NYSE: TGT), as well as grocery stores such as Kroger (NYSE: KR) and Whole Foods (Nasdaq: WFMI).
Tesco is particularly threatening to these companies because it operates very differently from traditional U.S. retailers. Tesco stores come in different formats, ranging from Tesco Express (akin to a convenience store) to Tesco Extra -- 60,000 square-foot megastores that sell everything from groceries and electronics to furniture and clothing.
This store-size variety gives Tesco a hand in all levels of retail, from quick stop-and-shop food purchases to big-ticket items such as televisions. Typically, U.S. retailers specialize in one type of retail or the other.
If you still think Tesco's venture into the U.S. markets is much ado about nothing, consider that Tesco is operationally strong, has doubled its net income in the past four years, and has already been successful in its international projects, generating more than $16 billion in international sales in fiscal year 2006.