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Tesco Lotus has partnered Shopee to launch its shop on the online platform in Thailand.

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Alison Horner, CEO of Tesco Asia, shared the region’s plan to maximise the mix in a meeting for investors and analysts at its head office in the UK. Reset for growth in Asia: max the mix According to Alison Horner, Thailand’s urban population of 43.9% in 2010 will rise to 58.4% by 2030. Tesco Asia has reached 69% of the population in Thailand and Malaysia, representing significant growth op...
Tesco announces positive first quarter results with Asian sales rising 2.6% quarter on quarter at constant rates. Increase in market share in Thailand Dave Lewis, CEO of Tesco, shared that the increase in Asia is supported by significant growth in the Bangkok area. The Asian business returned to like-for-like sales growth, up 0.1% to GBP1.2bn (US$1.5bn). It is helped by a stronger customer ...
Healthier products set to become a significant category for the retailer. Growing demand for herbal and organic ranges Since 2016, Star Bazaar, the supermarket banner operated by Trent Hypermarket, has seen steady growth in its herbal, organic and natural products. Though initial growth was driven by large corporates such as Hindustan Unilever and Patanjali Ayurved Ltd., more and more playe...
Tesco has announced its full year results with LFL sales in Asia showing improvement in Q4. Significant improvement in the second half Although full year LFL sales in Asia fell by 6.2%, it declined by 3% in Q4, showing signs of recovery. Sales in the first half was impacted by the retailer’s decision to exit unprofitable bulk selling. Thai government’s issuance of welfare card, which could ...

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