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...Some, like J Sainsbury, bailed out after years of fruitless effort; others, like the French hypermarket chain Carrefour, lasted a nanosecond. Ahold, a Dutch company that owns the chain Stop & Shop, was bruised by an accounting scandal. Delhaize, the Belgian owner of Food Lion, holds on grimly as Wal-Mart makes chopped meat of the industry's profit margins...

Author: /time Magazine | Title: Testing Tesco's Reach | 7/2/2006 | See Source »

Tesco, the only supermarket that outsells Wal-Mart's British arm, hopes "it" works well enough to export. Earlier this year, the company announced plans to open convenience stores based on the Tesco Express format on the West Coast of the U.S. in 2007. Tesco will initially commit $460 million a year to the project, in the hope of finally getting its piece of the richest grocery market in the world...

Author: /time Magazine | Title: Testing Tesco's Reach | 7/2/2006 | See Source »

...successfully developed both mammoth one-stop stores and more modest convenience shops. The strategy has left rivals playing catch-up: Tesco boasts a 31% slice of the British grocery market, according to research firm TNS Worldpanel. Running a distant second, with 16%, is ASDA, owned by Wal-Mart...

Author: /time Magazine | Title: Testing Tesco's Reach | 7/2/2006 | See Source »

...even blame the filmmakers for mounting a seemingly ludicrous defense of Runway and its ilk. They have Miranda say that what her rag proposes as ultra chic one year eventually trickles down to Wal-Mart, where , in knock-off form, it makes everyone a little happier. This struck me as a pretty desperate rationalization. But then I glanced around the theater where I happened to be catching an early morning show of The Devil Wears Prada. It was full of large women in blue jeans who were not present to enjoy Andrea's moral triumph over the temptations...

Author: /time Magazine | Title: The Devil Wears Thin | 6/30/2006 | See Source »

...with open stares, the town learned last month that it's not as isolated as it seems: half of Dosbarrios' 2,400 residents have put their money into an allegedly fraudulent stamp investing scheme that has rocked Spain. "Before, our economic health was very good," says Mayor Juan Bautista Martínez. "Now, it's so-so." Dosbarrios residents are closely watching the unfolding investigation into Afinsa Bienes Tangibles and Forum Filatélico, two investment companies that [an error occurred while processing this directive] specialize in valuable stamps. At the start of the investigation, nine executives...

Author: /time Magazine | Title: Stamps of Disapproval | 6/11/2006 | See Source »

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