Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Tesco Plans to Return to U.S. Market With F&F Fashion Stores

Florence & Fred Spring/Summer 2014 | Source: Tesco
By
  • Bloomberg

LONDON, United Kingdom — Tesco Plc, the U.K.'s largest supermarket operator, is returning to the U.S. with its standalone clothing store F&F, a year after selling its grocery business in the world's biggest economy.

Tesco plans to open seven outlets on the east coast this year with franchise partner Retail Group of America, the Cheshunt, England-based company said in a statement late last night. The first will open in Boston in May, with planned locations including New York, Virginia and Maryland.

Tesco sold its unprofitable Fresh & Easy grocery chain to billionaire Ron Burkle’s Yucaipa investment company last year as the retailer struggles to defend its dominant share of the home market. Chief Executive Officer Philip Clarke is trying to boost sales by adding businesses such as artisan bakeries to U.K. stores and expand the budget clothing business.

F&F now has 43 franchise stores in 10 countries and “we look forward to growing our presence with F&F in a number of key markets,” Simon Marshall, chairman of the Board of Retail Group of America said in the statement.

By Gabi Thesing; Editors:Celeste Perri, David Risser

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections