Interesting article about international growth from a European perspective.
International expansion is becoming increasingly important to retailers as they face fierce competition in their home markets, a report has said.
Tesco, number six in Deloitte's latest Global Powers of Retailing list, saw a 30% growth rate abroad, compared to 7% at home in the UK in 2003.
And the international division of Wal-Mart, the world's largest retailer by sales, saw turnover increase 17%.
The expanding Chinese market was also found to be drawing many store groups.
Link: BBC NEWS | Business | Store giants 'seek growth abroad'.
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