Tesco and Walmart say goodbye to easy expansion in China

Tesco is trying to lure Chinese shoppers with promotions on soy sauce, cooking oil and apples this week. But Emily Zhang still won't do much shopping there.

The 30-year-old Shanghai resident buys most of her produce at an informal market close to home where daily supplies are fresh, the location convenient and friendly vendors throw in the occasional cooking tip.

Shoppers such as Zhang are pushing Tesco to shut Chinese outlets and open new ones more slowly two years after announcing plans to double stores and build more 37,000-square-metre malls.

via Business feed http://www.scmp.com/business/china-business/article/1065370/tesco-and-walmart-say-goodbye-easy-expansion-china