PETALING JAYA: Tesco Malaysia has recorded a sales growth of 12% in its 2011/2012 financial year (FY11/12) over the previous year, supported by contribution from new stores as well as aggressive promotions.
In FY11/12, the hypermarket chain opened eight new stores and its first 3,000-sq-m superstore in Bukit Beruntung, bringing the total number of stores in Peninsular Malaysia to 45.“The market outlook is positive and we see continued confidence in the Malaysian retail market,” chief executive officer SungHwan Do said in statement.The local associate of UK-based Tesco also said it had successfully modernised 120 mall retailers and neighbourhood provision shops into modern retailers under the Economic Transformation Programme’s TUKAR scheme.
In FY11/12, the hypermarket chain opened eight new stores and its first 3,000-sq-m superstore in Bukit Beruntung, bringing the total number of stores in Peninsular Malaysia to 45.“The market outlook is positive and we see continued confidence in the Malaysian retail market,” chief executive officer SungHwan Do said in statement.The local associate of UK-based Tesco also said it had successfully modernised 120 mall retailers and neighbourhood provision shops into modern retailers under the Economic Transformation Programme’s TUKAR scheme.
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Source : The Star news.
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