retail news in context, analysis with attitude

• The Financial Times reports that Tesco is sending Michael Fleming, is UK business development director, to Japan, where he will serve as CEO of the company’s operations there.

“The move comes a year after Tesco began rolling out Express-type stores in Japan, suggesting that the retailer has finally got the format right after four years of trying,” FT reports. “Tesco, which announced plans to open Tesco Express-style stores in Japan a year ago, has rolled out at least 30 outlets over the past year, taking it to an estimated 150 stores.”

KC's View:
Gee, if it took Tesco four years to get its Japan stores right – in a market where it entered via acquisition, rather than opening an entirely new format and banner – what does that say about how it will behave in the US?