For fresh fruit and vegetable marketing and distribution in Asia
Carl Collen

BY CARL COLLEN

Monday 10th November 2008, 19:06 Hong Kong

Tesco reports Asian sales ahead of visit

The retail group has enjoyed sales growth in China and Malaysia, with a slight drop in South Korea

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Tesco, the UK-based retailer, has outlined the sales performance of its Asian operations ahead of a visit to the region with analysts and group investors.

Underlying sales at the group's South Korean business fell 2 per cent for the 10 weeks up to 1 November, compared with a flat performance in the first half of its financial year, Reuters reported.

However, like-for-like sales increased by 8 per cent at Tesco's Chinese operation, following on from a successful first half when sales jumped 14 per cent.

Meanwhile, sales at the retailer's Malaysian business rose 2 per cent during the 10-week period, after a first-half increase of 1 per cent.

 

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