Tesco Lotus Archives - Inside Retail Asia
Tesco Asia like-for-like sales fell 6.2 per cent last year.
Actively reducing coupons and heavy bulk discounting programs has boosted Tesco Asia’s bottom line.
Tesco Asia sales plummeted in the last financial year – but profit soared by nearly a quarter.
Tesco Lotus plans a major marketing push for the remainder of this year as it tries to boost sluggish sales.
As Thailand’s big retailers resume their expansion plans, developments take on a fresh approach.
Tesco Asia’s sales growth stalled as Thais stopped spending during mourning period.
Tesco Thailand is not for sale, says parent company’s CEO. “I’m here to look at the expansion plans.”
Tesco Thailand aims to double its online shopping sales annually for the next three to five years.
Thai retail chain Tesco Lotus plans to continue expanding with at least 65 new stores this year, despite a sluggish market.
International divisions – including Tesco Lotus in Thailand – led a Tesco recovery in the latest quarter.
Jakarta-based HappyFresh is to launch a Philippines online grocery service in the second quarter of 2016.
The Tesco Thailand operation – Tesco Lotus – is not under threat following the sale of the British JV partner’s South Korean operations last week.