Preview

Tesco

Best Essays
Open Document
Open Document
2806 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tesco
Overview of Company
Tesco Public Listed Company is an international supermarket chain where is located in United Kingdom and the founder of Tesco was Jack Cohen. It is not only the largest retailer in United Kingdom as well as international. Basically, Tesco is specialising in fast moving consumer good. It is selling food and non-food products. Besides that, Tesco started to make a breakthrough by opening more companies in 1994. Subsequently, in the year ending February 2005 its international operations contributed for more than 20% of sales or about 7 billion pounds. Tesco began its operation in more than 12 countries and Malaysia was one of them operated in 2002. In fact, Tesco was the first retailer started operating on the internet in the UK since 1994 as well as offering online shopping service in the world since 1996. Additionally, Tesco already started such high-technology operations in the Republic of Ireland and South Korea. Tesco disclosed its 2005 annual report had 300 stores within United Kingdom and managed to serve 98% of the population. Tesco received at least 120000 orders per week and 1000 local delivery vans were able to deliver for 1 million households. In the financial year ending 26 February 2005 it recorded online sales up 24.1% to 719 million pounds and profit up 51.8% to 36 million pounds. (solarnavigator.net, 2007) Until December 2010, the share price of Tesco rise till 433.40p.

New Product Service
Tesco Online Shopping has become popular in UK. Online shoppers are able to receive countless home deliveries of food, non-food, service and more. Grocery online shopping can be as simple as shopping at the supermarket. (news.idealo.co.uk) Therefore it is a must to implement online shopping in Malaysia since South Korea and Republic of Ireland already began. In 2010 there are already 39 Tesco stores in Malaysia. (solarnavigator.net, 2007) However, there is no Tesco Online Shopping in Malaysia. So it definitely will be a continuous
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Business Unit 1 Assignment 2
    • 3096 Words
    • 13 Pages

    Business Unit 1 Assignment 2

    Tesco PLC is a British multi-national grocery and general merchandise retailer. It is the third largest retailer in the world measured by revenues and the second largest measured by profits. It has stores in 14 countries across Asia, North America and Europe and is the grocery market leader in the UK. Tesco has been particularly successful because of its powerful brand. It has a reputation for value, low prices and for being customer focused. Its brand equity and associations have helped the company to expand into new sectors and markets.…

    • 3096 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Financial Ratios: TESCO and J. Sainsbury
    • 2657 Words
    • 14 Pages

    Financial Ratios: TESCO and J. Sainsbury

    Tesco PLC (Public Limited Company) is a food retail company which operates in nine markets with 923 stores across the world. It employs more over 240,000 people which sell its products giving access to 260 million people (Tesco PLC., 2014). Over the past five years, Tesco has expanded from the UK’s supermarkets into new countries with new products and services including a major non-food business. More specifically, the company has started to sell electrical devices, internet shopping, toys, sports equipment, home entertainment, home shop, cook shop and furniture. Also it provides financial services in cooperation with Royal Bank of Scotland serving 3.4 million customers which reveals the company’s intentions to expand in new markets.…

    • 2657 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Tesco Oxfam
    • 1540 Words
    • 6 Pages

    Tesco Oxfam

    Tesco’s is one of the biggest company’s in the whole of England and Is well known as a grocery store and a merchandise retailer. It was founded in 1919 in hackney, London. The founder of the company ‘Tesco” is Jack Cohen; Tesco’s has over 6500 stores around the world and also has over 600,000 employees.…

    • 1540 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    ‘What Makes Tesco Successful? Place or Price Strategy?’
    • 1421 Words
    • 6 Pages

    ‘What Makes Tesco Successful? Place or Price Strategy?’

    Tesco was founded by Jack Cohen, who sold groceries in the markets of the London East End from 1919. The Tesco brand first appeared in 1924. He started by buying 30 pounds worth of army surplus rations. On his first day of selling this stock at the market he made a profit of one pound. After selling all of this he had made himself some money to work with. He used this money to buy goods, which other stores would not sell. By 1939, his empire had grown and he had opened up one hundred stores. Jack then went to America for a holiday. Where he found the stores out there were all self-service, he thought this idea was great and could save him a lot of money in shop staff wages. He brought this idea back with him to England and set it up and found this method to be most successful and then introduced every shop to this. Tesco then started their long running campaign to expand by buying up cheap chains of shop. He owned 400 stores worldwide. An idea to create a non-food floor that would only sell items such as clothes and kitchen items also came along. This was so successful that it promoted an idea to build a special designed "super market". The Tesco stores then started to reduce prices. In Europe the group recorded revenues of £44.6 billion during the year ended February 2011, a rise of 5.5% over 2010. The working profit of the group was £2.5 billion during financial year 2011, a rise of 3.8% over 2010. The net profit was £2,671 million in fiscal year 2011, a raise of 14.3% over 2010 in UK alone. (Tesco Annual Report 2011) Its recent overall strategy has been straightforward – expansion by all available means in order to create the greatest possible economies of scale to severely threaten its competitors.…

    • 1421 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Introduction to Tesco
    • 259 Words
    • 2 Pages

    Introduction to Tesco

    Tesco is the largest British retailer and is also world’s third largest retailer with outlets across Europe, USA and Asia. They come with one purpose which is creating value for money to earn customers’ life loyalty. The business began in 1919, one man named Jack Cohen selling groceries from a stall in the East end of London. He bought surplus stocks of tea from T.E.Stockwell. This company and Cohen combined their names to brand the tea Cohen originally sold- TESCO tea. In 1929, the first Tesco opened in north London.…

    • 259 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    TESCO
    • 1517 Words
    • 7 Pages

    TESCO

    TESCO is a public limited company. It is a retailing industry. It founded in year 1919 at Hackney, London and England. TESCO also have many products such as Supermarket, Hypermarket and Superstore. There are many retail shops in the TESCO.…

    • 1517 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    P2 Different stakeholders who influence the purpose of two contrasting businesses
    • 1122 Words
    • 5 Pages

    P2 Different stakeholders who influence the purpose of two contrasting businesses

    Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.…

    • 1122 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Tesco - Management and Financial Information for Decision Making
    • 3972 Words
    • 16 Pages

    Tesco - Management and Financial Information for Decision Making

    Tesco is one or the world’s largest retailers employing over 492000 people and serving millions of customers every week. The organization has lived huge changes since the company was founded, for example opening different markets and sectors.…

    • 3972 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Good Essays

    Positive and Negative Effects of Tesco
    • 620 Words
    • 3 Pages

    Positive and Negative Effects of Tesco

    Tesco was founded by Jack Cohen in 1919, and grew at a mind-blowing pace, by 1939 there were 100 stores located across the country; since 1990 Tesco has expanded it’s store locations, and selling varieties. Nowadays Tesco is one of the leading grocery and general merchandise retailer chain in the world. Covering 14 countries in Asia, Europe and America. It has a market share of 30% in the UK, and is considered as a monopoly; this has bought negative impacts and positive impacts to society.…

    • 620 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Analysis of Tesco
    • 3699 Words
    • 15 Pages

    Analysis of Tesco

    Tesco is United Kingdom’s leading hypermarket. They started out by operating in the food industry, but as the business grew, they now operate within food, non-food (books, DVD’s and clothes.) and they sell different services like car and travel insurance, telecommunication products and have their online site Tesco.com, where you can buy everything online and get It delivered directly to your door.…

    • 3699 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Tesco
    • 664 Words
    • 3 Pages

    Tesco

    The UK grocery market is dominated by the three big players Tesco, Sainsbury's and ASDA, of which Tesco has the most market share (29,9%). Although the grocery environment is highly competitive it was possible for the discounter ALDI and LIDL to enter the market as new entrants. Based on the fact that they are one of the key players in Germany, they were able to invest high capital in the UK. Nowadays ALDI achieved a growth of about 10% compared to the following year. Nevertheless the total market share of ALDI is 3,5% which clearly shows that it is relatively hard to enter the grocery environment and it is only possible to do so up top or down bottom.…

    • 664 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Stratagy
    • 3544 Words
    • 13 Pages

    Stratagy

    Tesco Plc is the leading retailer in UK holding over 27 % market share. The company has aggressively increased its presence on high street through different store formats type and brings products for everyone. The company has increased its profitability through online selling and making tesco.com a first stop shop for online retailers. The company is holding largest consumer database through its “club card” card scheme which offers discounts on a point based system to consumer.…

    • 3544 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Best Essays

    The Balance Scorecard of Tesco
    • 2503 Words
    • 11 Pages

    The Balance Scorecard of Tesco

    Tesco is the largest retailer in the UK and the third-large supermarket worldwide with total amount of sales exceeding £19.4 billion in 2010. It was originally specializing in food product, but in recent years it has provided different products and services from clothing, telecoms to financial services. Additionally, Tesco is the most extensive online grocery retailer in the world and it recognizes product images and pack information are essential for online shopping. In recent past, huge development has been made on international strategies. Its store are located in 13 countries and number would be still increasing as it has diverse strategies in order to satisfy different locations. The principle of Tesco is letting customers know they can pick what they want, when and where they want it.…

    • 2503 Words
    • 11 Pages
    Best Essays
    Read More
  • Good Essays

    Tesco in Poland
    • 697 Words
    • 3 Pages

    Tesco in Poland

    The traditional retail sector in Poland started to modernize intensely in the later years of the twentieth century. After the collapse of communism entrepreneurship and privatizing in retailing was highly supported and approved by the government as this was economically important to Poland. Using this opportunity, Western European countries started to own local stores thus penetrating the Polish market and as a result, by 2003 the estimated number of food sales has reached to 40-50%. “Seven out of the top ten European retailers are now in Poland, and Tesco is the sole British representative.”…

    • 697 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    P2- Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses
    • 2892 Words
    • 12 Pages

    P2- Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses

    Tesco is a PLC and it is a global business, it is a supermarket which gives products and service. Tesco is the third largest retailer in world measured by revenues and second largest measured by profits. This is a British supermarket which started in 1919. Tesco is owned by shareholders and anyone could buy shares into the business, the share price is £341.41p. Tesco is divided in to five different formats, differentiated by size and what sort of products sold. Tesco is divided into Tesco extra, Tesco metro, Tesco express, Tesco petrol station and Tesco superstore. Tesco has 6351 stores in total.…

    • 2892 Words
    • 12 Pages
    Better Essays
    Read More

Related Topics