国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Tesco in new drive on China

(Agencies)
Updated: 2008-01-28 13:36

Tesco, the UK's biggest retailer, is planning to open its first Tesco Express store in Shanghai next month as it looks to tap into convenience shopping in one of the world's fastest-growing economies.

The chain, which formed a joint venture with a local operator in China in 2004, already operates more than 50 hypermarkets on China's east coast from Beijing to Shenzhen, and is planning to add smaller stores to its portfolio.

Tesco, lagging behind international rivals Wal-Mart and Carrefour in the race to roll out hypermarkets across China, has adopted a multi-format approach in some of its other markets such as Thailand, Hungary and South Korea. The retailer, which came to China nearly a decade after Carrefour, has earmarked the country as one of the markets, alongside Turkey and the US, that will be crucial to its long-term success.

In China, Tesco last year spent 180 million pounds increasing its stake in its local partner. China is one of Tesco's smaller overseas markets, but the retailer could spend up to 300 million pounds a year developing stores in this market if it opens 10 new hypermarkets a year, says Shore Capital in a recent report on Tesco's international businesses.

Tesco is increasingly looking to its 12 international businesses to drive growth. About 80 percent of group capital is being spent on overseas expansion against the UK, where it commands a 32 percent share of supermarket shopping. The international business, which accounts for more than half of group space, will increasingly become an important source of profits as those businesses mature.

The possible roll-out of dozens of small Tesco Express stores comes after the retailer opened its first branded store in Beijing a year ago as part of a process of putting its name above the shop doors of all its hypermarkets.

All three western retailers, Wal-Mart, Carrefour and Tesco, say that international branding goes down well with Chinese consumers.

Carrefour has more than 100 hypermarkets and nearly 300 hard discount stores branded Dia in China. Wal-Mart has 100 wholly-owned hypermarkets and an interest in a further 102 Trust-Mart stores after it struck a deal early last year to buy a 35 percent stake in the local chain.


(For more biz stories, please visit Industry Updates)



Related Stories  
灵宝市| 抚宁县| 晋州市| 公主岭市| 沂源县| 浦城县| 肥西县| 三门县| 丹东市| 宁河县| 工布江达县| 左云县| 高邑县| 夏河县| 马山县| 三明市| 北票市| 吐鲁番市| 天等县| 江陵县| 宁德市| 昌江| 平南县| 砀山县| 景泰县| 上思县| 和林格尔县| 威宁| 阳江市| 海兴县| 乐业县| 襄垣县| 治县。| 景宁| 龙里县| 苏尼特右旗| 青川县| 达拉特旗| 平果县| 西城区| 桐柏县|