Retail in Asia

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Tesco Malaysia sales expand by 12pc

Tesco Malaysia on Wednesday said its sales had expanded 12 percent for financial year 2011/2012.

This was mainly contributed by solid, contribution from new stores, aggressive promotions and investing in human capital, it added.

"Overall, Malaysia has contributed positively to the group’s performance in Asia," Tesco Malaysia said in a statement on Wednesday.

(Source: Business Times)