Tesco slowing down in Hungary

Tesco Plc has continued to grow dynamically word-wide: an expansion of 17,9 per cent was reported for the third quarter. The Hungarian retail environment was referred to as becoming even harsher in an analysis of the first half of the year. Though overall sales also grew in Hungary as a result of expansion, store specific revenues declined, and profits fell behind expectations. Cash return on investment averaged 16 per cent for the four largest foreign markets, with Hungary among them.