Tesco, One Of The Three Largest Retailers In The World, Is Withdrawing From The Japanese Market.

The Japanese market is hard to overcome. France's Carrefour has gone, and the British TESCO is also HOLD.

Recently, Philip Clarke, chief executive of Tesco group, one of the world's three largest retailers, announced that it is withdrawing from Japan to increase investment returns.

However, the Chinese market is still open to a warm embrace.

Reporters found that Tesco is developing in China. Besides leasing real estate development, it has begun to purchase its own property.

"In order to increase the return on investment, we are withdrawing from the Japanese market because we have decided that in Japan, we can not build a business with sufficient expansion."

Philip Clarke indicates.

According to information, Tesco has 129 stores in Japan, and more than half of its stores fail to make profits, so they break their arms and stop their losses.

Just released the Tesco2011-2012 financial year mid year performance report shows that Tesco global business continues to grow, the Group sales in the first half of this fiscal year amounted to 35 billion 500 million pounds, an increase of 8.8% compared with the same period last year.

At the same time, the group's operating profit amounted to 1 billion 900 million pounds, an increase of 8.2%.

Among them, sales in Asia reached 5 billion 600 million, an increase of 11.7%.

"We are still optimistic about the Chinese market."

Tesco China related people said that China is the most important Tesco.