Tesco Exiting Japan
Posted: August 31st, 2011, 9:45 pm
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
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