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Tesco pulls out off six year attempt to crack US Market

MadsL

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Tesco finally admits defeat. Another UK grocery retailer fails in the US. Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

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Wacker The Attacker

Do you think shoppers gives a hairy rats ass about Tesco's margins?

Iwasfrozen

MadsL wrote: »

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Tesco finally admits defeat. Another UK grocery retailer fails in the US. Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

That's capitalism.

Dynamo Roller

I wonder will Walmart try their luck over here.

EDIT: Turns out Walmart own Asda, so they're already in the UK

vicwatson

Old news

LeinsterDub

MadsL wrote: »

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Tesco finally admits defeat. Another UK grocery retailer fails in the US. Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

Yeah a real victory for the ma and pa stores like Walmart, k mart and others

MadsL

vicwatson wrote: »

Old news

Well they announced it April, but they just sold the stores today.

Tox56

MadsL wrote: »

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Tesco finally admits defeat. Another UK grocery retailer fails in the US. Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

Are you trying to suggest Tesco didn't crack the US because Americans didn't tolerate greedy margins and poor treatment of suppliers/farmers or are those two completely different points ?

vicwatson

MadsL wrote: »

Well they announced it April, but they just sold the stores today.

Was on the cards and therefore old news

MadsL

Wacker The Attacker wrote: »

Do you think shoppers gives a hairy rats ass about Tesco's margins?

When you consider that Tesco made 2.5 billion quid profit in UK and Ireland and yet cannot make money from 185 stores in the US it tells you a lot about their margins.

Average net profit margins in the US are are close to 1 percent. Tesco net margins are closer to 3 - 6%

Seaneh

MadsL wrote: »

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

That's not really why Tesco didn't work in the US though, is it?
Seeing as Walmart, KMart, Kroger, etc, etc, etc all do the same and are doing pretty well...

paddy147

MadsL wrote: »

http://www.reuters.com/article/2013/09/10/us-tesco-us-idUSBRE9890U420130910

Tesco finally admits defeat. Another UK grocery retailer fails in the US. Why do the Irish persist in tolerating Tesco and it's greedy margins and poor treatment of suppliers/farmers?

Tesco have also stopped a fair few 24 hour stores from being 24 hour stores in Ireland.

Artane Castle now only opens at 8am in the morning and closes at 12 midnight.

Id say that Lidl opening up accross the road from them has really fcuked them up too.:pac::D

MadsL

Tox56 wrote: »

Are you trying to suggest Tesco didn't crack the US because Americans didn't tolerate greedy margins and poor treatment of suppliers/farmers or are those two completely different points ?

I'd say they got pretty comfortable operating 3% or higher and that the US market told them to **** off with that level...I'm surprised Ireland tolerates it rather than going back to domestic sellers. Perhaps the likes of Superquinn wanted in too.

No-one should be paying a 3% margin on milk to the retailer.

MadsL

Seaneh wrote: »

That's not really why Tesco didn't work in the US though, is it?
Seeing as Walmart, KMart, Kroger, etc, etc, etc all do the same and are doing pretty well...

Why do you suppose Tesco failed?

Legs.Eleven

MadsL wrote: »

Why do you suppose Tesco failed?

They couldn't offer anything new to the existing market? Brand loyalty maybe?

Seaneh

MadsL wrote: »

Why do you suppose Tesco failed?

Because they had a bad strategy? Brand recognition? The market is pretty much dominated by Walmart in every state, there are smaller chains like Korger and the likes but they don't come near competing with Walmart in reality. Even Kmart have struggled in recent years and they were huge.

Could tesco have worked, maybe, with different people in charge, different marketing and business strategy, who knows, but their failing had nothing to do with their margains of treatment of suppliers, because if it did, then why are Walmart et al thriving?

mikemac1

paddy147 wrote: »

Artane Castle now only opens at 8am in the morning and closes at 12 midnight.

Id say that Lidl opening up accross the road from them has really fcuked them up too.:pac::D

Ah the 24 opening in Artaine Castle was handy.

The nightpack staff are around all night. Sure it wouldn't cost much to open a till and stick a security guard on the door

The staff are in there and the lights are on

cloudatlas

These are the people who invented cheese that sprays out of a can, what do you expect? Tesco's choice of junk food is too bland for the American market.

MadsL

cloudatlas wrote: »

These are the people who invented cheese that sprays out of a can, what do you expect? Tesco's choice of junk food is too bland for the American market.

Care to trade beer aisles?

https://www.youtube.com/watch?v=dR3sR8e705s

Amirani

The tried break the Chinese market in the past few years and that failed just as spectacularly.

DubDani

These days it's very difficult to branch out supermarkets to different countries, as they are not flexible enough to adapt to local needs. Aldi (they are expanding in the US) and possible Lidl are two Retailers that seem to get a decent foothold in several countries, probably partly due to the fact that Germans can be found almost everywhere.

Wal Mart tried to get a foot into Germany a few years back, but lost a fortune trying to do so. They sold up quite quickly and left.

Same around the world in other countries, where foreign retailers tried hard, but failed miserably in the end.

paddy147

mikemac1 wrote: »

Ah the 24 opening in Artaine Castle was handy.

The nightpack staff are around all night. Sure it wouldn't cost much to open a till and stick a security guard on the door

The staff are in there and the lights are on

Have you seen the "night staff" doing the frozen food isles in Tesco Clarehall....(still 24h Tesco)

Boxes of frozen meat and pizzas left out on the isles in the warm for hours,before they are even taken out of the boxes and placed into the large chest freezers and freezer cabinets.

Saw boxes of Goodfellas pizzas more or less gone to mush and left out on the isle....and still to be packed away into freezer cabinets.

Surely that can be good for food health and safety???:eek:

Elbaston

One would rather prefer the chaps of Tesco.....dare I say, as a Paddy....over the people of Walmart.

https://www.youtube.com/watch?v=glMdlVmFL9I

Oh do stay classy America.

MadsL

Elbaston wrote: »

Oh do stay classy America.

You want to play that snobby game? Oh OK.

https://www.youtube.com/watch?v=8cxNNzdp8eU

Stay classy Dublin.

JONJO THE MISER

paddy147 wrote: »

Have you seen the "night staff" doing the frozen food isles in Tesco Clarehall....(still 24h Tesco)

Boxes of frozen meat and pizzas left out on the isles in the warm for hours,before they are even taken out of the boxes and placed into the large chest freezers and freezer cabinets.

Saw boxes of Goodfellas pizzas more or less gone to mush and left out on the isle....and still to be packed away into freezer cabinets.

Surely that can be good for food health and safety???:eek:

:mad:The health inspector should be informed of this so they can do spot checks.

MadsL

JONJO THE MISER wrote: »

:mad:The health inspector should be informed of this so they can do spot checks.

Don't they go home at 4.59pm?

paddy147

Elbaston wrote: »

One would rather prefer the chaps of Tesco.....dare I say, as a Paddy....over the people of Walmart.

https://www.youtube.com/watch?v=glMdlVmFL9I

Oh do stay classy America.

26 seconds.......For The Win...:D:D

Hope to god that is a woman,or else Im gonna be left a tad red faced and emabarrassed...:pac::o

The little kid being dargged along by the granny in her mobility scooter is funny aswell.:pac::D

Elbaston

MadsL wrote: »

You want to play that snobby game? Oh OK.

https://www.youtube.com/watch?v=8cxNNzdp8eU

Stay classy Dublin.

Class, or lack of, knows no boundaries, fair enough.
However, theres something wrong in a culture when a man can get trampled to death by a mob in a shopping centre, by sales zombies.

http://www.ranker.com/list/13-most-brutal-black-friday-injuries-and-deaths/john-barryman

https://www.youtube.com/watch?v=qc7Uqm2df2E

If walmart never makes it here I wont cry for lack of walmartians.

paddy147

JONJO THE MISER wrote: »

:mad:The health inspector should be informed of this so they can do spot checks.

I said it to the store night manager last week,and he looked at me like I had 2 heads on my shoulder.

Customer points out mushy frozen food left on isles to sore manager,and store manager looks past blankly into space....:rolleyes::(

Zillah

I'd imagine they failed at least partially because they couldn't manage the level of union-busting, employee-destroying, sociopathic profiteering that the likes of Walmart engage in everyday. Capitalism in the US is a person-eating nightmare, Tesco are delightful little angels by comparison.

WilyCoyote

Zillah wrote: »

I'd imagine they failed at least partially because they couldn't manage the level of union-busting, employee-destroying, sociopathic profiteering that the likes of Walmart engage in everyday. Capitalism in the US is a person-eating nightmare, Tesco are delightful little angels by comparison.

Obviously not a farmer then!