Tesco has opened a giant new logistics center in China and announces plans to open more than 20 new stores nationwide this year.The British chain currently operates 96 supermarkets and 12 express stores across China, with its operations mainly centered around Shanghai.
But with last week’s opening of a 240,000 square meter logistics centre in the nearby eastern coastal province of Zhejiang, the company hopes to start expanding throughout the country.
In terms of stores Walmart is number one in China, after that comes Carrefour and then Tesco.
Walmart now boasts 333 stores nationwide, while Carrefour is now serving customers at 180 outlets across the nation.
The logistics center in the city of Jiashan will focus on the company’s 53 supermarkets spread through the East China region for groceries but will be able to deliver the company’s self-made products throughout the additional regional centers of Shenyang (northeast), Tianjin (central) and Guangzhou (southern).
Tesco is obviously keen to expand into a retail market which saw a 16.3% growth year on year in the first quarter of 2011, meaning it was worth $630 billion. Tesco is also planning to open an on-line shopping service for clothing goods across the country this September and online grocery shopping throughout Shanghai next year.
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