Britain’s Tesco aimed for the low-end U.S. grocery market and crashed. New York’s Fairway chain went public, aiming at the higher end. Is there no middle ground?
For the past 30 years Thompson shopped at her local grocery, a Keyfood that sat just a couple of blocks away. It was an easy walk — but in June the Keyfood closed.
British supermarket company Tesco tried to expand into the U.S. under the Fresh & Easy brand. The effort has since proven fruitless. Investors are now pressuring Tesco to focus on the business back home.
The hours leading up to Thanksgiving are considered the busiest grocery-shopping time of the year. So, some grocers are hoping to capitalize by staying open.