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Retail Intelligence: Tesco To Roll Out Online Grocery Shopping In China

December 11, 2012
Profitero
Written By
Profitero

UK-based retailer Tesco will roll out an Internet grocery shopping service in China next year, according to press reports.

In an interview with Yacai Daily, Paul Richie, CEO of Tesco China, said that the company intends to launch the eCommerce platform in H1 2013. Tesco will offer food and general merchandise to Internet shoppers in China.

As the retailer will develop its own logistics and delivery service, home deliveries will be available in the Shanghai area initially before being rolled out nationwide.

Tesco is also expanding its store network in China – 18 new store will open by the end of the current fiscal year (February 2013). The retailer currently operates 108 outlets, one megastore, seven Lifespace malls and 14 convenience stores in China.

© 2012 Profitero

About Profitero

Pricing intelligence company Profitero provides retailers with actionable price intelligence data, monitoring over 50 million products across 4,000 eCommerce retailers every day, observing pricing, promotions and stock availability. We work with the world’s leading retailers, enabling them to acquire new customers and grow profit margins by monitoring and responding to changes in competitor pricing and promotional activity as they happen. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com

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