Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States. The Company also provides retail banking and insurance services through its subsidiary, Tesco Bank. The services it offers in store, such as optician, pharmacy, phone shop or customer restaurant. As of February 25, 2012, it had over 180 opticians. Click & Collect is a component of its multi-channel offering. Its store and distribution networks give customers the opportunity to pick products whenever it suits them from over 770 stores, close to where they live or work. As of February 25, 2012, it had 45 stores, which offers grocery Click & Collect. In August 2012, the Company announced the completion of a sale and leaseback transaction in South Korea.