With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
On Thursday last week two very different UK retailers on two very different trajectories revealed they were pulling out of international markets.
One was the UK’s largest grocer Tesco, which is selling its ailing Polish business to Danish mega-retailer Salling Group.
The supermarket giant, which first entered Poland in 1995, is selling off 301 supermarkets in the country, its head office and associated supply infrastructure for £181m.
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