Tesco has delivered an upbeat message on the enduring potential of the world’s emerging retail markets, despite the impact of the global recession.

Philip Clarke, Tesco’s international director, insisted markets like China still offer opportunities for retailers to invest, even if the downturn has slowed economic growth.

“The window of opportunity is not closing,” Clarke told the World Retail Congress in Barcelona on Friday (8 May). “There is a hell of a lot of growth to go for.”

Clarke’s comments came after Spar International, the Netherlands-based global retailer, announced plans to treble the number of its stores in China.

In the year to 28 February, Tesco’s international sales rose by 13.3% at constant currencies, as the company saw its growth in Asia accelerate on the back of the Homever acquisition in South Korea.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

More to come….