Tesco reports Asian sales ahead of visit

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

BY CARL COLLEN

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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