Tesco 'Could' Exit U.S.: CEO

Comments 0CARDIFF, Wales — Tesco told shareholders it will shut down the Fresh & Easy Neighborhood Market chain if it continues to disappoint, according to published reports. Speaking at the company's annual meeting here Friday, Philip Clarke, Tesco's chief executive officer, said, "If we see there is no chance of success, we'll do as we've just done in Japan," referring to Tesco's decision last year to leave that market. "It is not about ego — we are businessmen." The company rejected calls from Change to Win for an independent review of Fresh & Easy. Change to Win, an investment