Tesco Exiting Japan

Retail news from Asia, from Japan to Russia, and down through India and Polynesia
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Alpha8472
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Tesco Exiting Japan

Post by Alpha8472 »

Tesco is abandoning its 8 year attempt to establish grocery stores in Japan. They finally gave up on the money losing operation in Japan.

Their stores in Japan are larger than convenience stores, but smaller than normal supermarkets. Tesco just could not figure out how to run their business. It took them 8 years of losing money to finally admit defeat.

Tesco is hoping to sell their stores in Japan.

http://www.guardian.co.uk/business/2011 ... xits-japan
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