Tesco will grow faster than the other Big Four global supermarkets in the next three years as it pushes ahead in the key battleground of China, according to a leading European research firm.
The supermarket’s aggressive plans to nearly double its number of hypermarkets on China’s mainland to 196 stores by 2015 will help it to grow 6.8 percent a year between 2011 and 2015, compared with 5 percent at Metro, 4.85 percent at Wal-Mart and 4.21 percent at Carrefour, grocery market specialist IGD said.
While Tesco has endured a troubled year in its home market of the UK and its Fresh & Easy brand has struggled to gain ground in the US, emerging markets including Turkey, China and India have boosted growth.
(Source: Shanghai Daily )