Tesco is under pressure from Thailand's commerce ministry to suspend all expansion activity until next year, jeopardizing plans to open three to four hypermarkets this year. This draconian move to protect the country's small independent shopkeepers is a clear move to secure votes before the country's general election in November.
Competitive pressures are mounting in Tesco's domestic market and with growth in the UK set to become far more subdued, aggressively pursuing growth in its Asian operations is a sensible strategy for the grocer. However, Tesco must ensure that the emerging avenues of growth in the UK are exploited to the same extent as those provided by the exciting opportunities in its key growth region.
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