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Tesco U.S. exit could cost $382 million in cash
date:Apr 10, 2013
estimates, depending on store disposals, the sale of the Riverside, California, distribution center and three adjacent food factories, the closure of the Los Angeles head office and associated redundancy costs.

While the exit would represent a blow to Tescos reputation, the balance sheet can handle the hit, Black said, adding that Tescos earnings-per-share will benefit from the removal of the drag of U.S. losses.

In April 2012, Clarke pushed back a goal for Fresh Easy to reach break-even unti

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