Tesco increases market share by six percent year-on-year


Tesco Stores ČR was able to increase its market share by six percent year-on-year to over 40 billion Czech crowns. Tesco Stores ČR’s general director Phil Clarke said that the company plans to continue its growth this year. Another two dozen stores are to be opened in 2011 and the chain’s biggest hypermarkets will be modernized. In addition, Tesco is planning to launch online shopping in Prague. Last year, the company opened a total of 25 new locations and bought up 81 stores of the competing Žabka chain. Tesco entered the Czech market in 1996; currently, the company is operating 158 stores, 18 gas stations and six shopping centers in the Czech Republic.