date:Aug 27, 2013
pliers and regulators, and soaring costs, for rent and labor, are cited as key reasons behind Tesco's failure on the Chinese mainland. In addition, strong competitors such as Carrefour SA and Wal-Mart Stores Inc, combined with a move toward online grocery shopping, have not eased Tesco's plight.
Access to prime urban locations is undoubtedly a contributory factor in Tesco's demise. Local competitors often enjoy a natural advantage here with government connections.
Tesco's go-it-alone entry str