Tesco to open 750 stores as part of Thai expansion

2169
Tesco Thailand
// Tesco reveals expansion plans for Thailand
// It has plans to open 750 convenience stores over the next 3 years
// The Big 4 leader’s largest market outside the UK is Thailand
// Thailand generated £4.1 billion of revenue for Tesco in the year to February 23

Tesco has revealed plans to expand in Thailand and open 750 convenience stores throughout the country over the next three years.

The Big 4 leader’s largest market outside the UK is Thailand as the country generated £4.1 billion of revenue in the year to February 23.

Tesco currently employs over 46,000 full-time staff across 1965 stores operating under the Tesco Lotus fascia in Thailand.

Tesco’s Asian division, which includes its Thai business, delivered a profit of £286 million in 2018/19.

Tesco chief executive Dave Lewis said there was a chance to further build the grocer’s Asian business because of Thailand’s increasingly affluent and urban population.

“The economics of the country are very attractive. There is a big emerging middle class,” he said.

The expansion program could create up to 10,000 new jobs in Thailand.

Click here to sign up to Retail Gazette‘s free daily email newsletter