Tesco Reports Strong Asian Sales Growth

Daily PostNovember 22, 2010

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Summary


SUPERMARKET Tesco revealed strong sales growth in South Korea, China and India yesterday as the chain continues its expansion in overseas markets. The Cheshunt-based group now generates 31% of sales and 22% of profits from international operations, compared with 10% and 5% respectively 10 years ago.

In South Korea, which is Tesco's biggest market outside the UK, like-for-like sales growth in the nine weeks to October 31 accelerated to 6.7%, compared with 6% in the previous quarter and 0.6% in the period prior to that.

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Tesco Reports Strong Asian Sales Growth

Sales from stores ope...

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