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Tesco Lotus to open 300 stores in Thailand this year

Tesco Lotus plans to spend THB7 billion (USD227.7 million) opening 300 new stores in Thailand this year.

The retail chain will also introduce online shopping in 2012, said John Christie, the new CEO of Tesco Lotus.

The additional of 300 new stores this year is about the same as last year and will create 9,000 new jobs, according to the company. Tesco Lotus had about 900 stores in total at the end of 2011.

(Source: Bangkok Post )