Tesco Pursuing Central Europe Growth

UK mass grocery retail (MGR) leader Tesco is to launch 30 stores in the Czech Republic in 2010 as it continues to strengthen its emerging Europe business. Already one of the country's leading retailers, Tesco's Czech unit recorded sales revenues of CZK39.7bn (EUR1.53bn) for the fiscal year to September 2009. BMI believes that the launches should see Tesco increase its market share to more than 10% from its present position of about 8%.

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