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In January 2022, it was announced the chain would be shut, with 6 of the 13 stores being rebranded as Tesco stores and the remaining 7 closing. [8] The first stores were closed on 7 March 2022 with the final stores closed on 25 March 2022. [9]
Tesco has operated on the Internet since 1994 and started an online shopping service named 'Tesco Direct' in 1997. Concerned with poor web response times (in 1996, broadband was virtually unknown in the United Kingdom), Tesco offered a CDROM-based off-line ordering program which would connect only to download stock lists and send orders.
The sale cost Tesco £150m, taking the total cost of its failed US venture to nearly £2bn. On October 23, 2015, Yucaipa announced that it would close all Fresh & Easy stores. [7] On October 30, 2015, Fresh & Easy filed for Chapter 11 bankruptcy for the second time in two years. [8]
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