Well Tesco has been losing money hand over fist in an attempt to break into the grocery market. They knew it was going to cost a ton of money to invest upfront and sure enough it did, but I haven’t read that they are ready to throw in the towel yet.
Most of the stores that they mothballed were poor performing stores in areas that have been hit hard by foreclosures (Vegas, the desert, etc.)
At least I hope not. I love my local F&E.
Yes, we like their stores as well. However, in our area, they opened a store in a location that seemed to make no sense in terms of population. Then the two stores closest to us are in populated areas with a large potential number of customers.
They removed the signs on the two unopened stores, and the local paper reported they were put up for sale. A shopping center was built across the street from the F&E closest to us that did not open. There is a Stater Brothers supermarket that is packed at all hours of the day and night. It has to be one of the highest grossing Stater Brothers markets of this local So Cal chain. F&E would have done just as well, especially considering it was located just outside the gates of a Sun City community of 9,000 seniors. Big mistake.