Business Analysis : Tesco Plc

1362 Words Apr 12th, 2016 6 Pages
Tesco PLC is one of the largest retailer in the world and by revenues it is the third largest , started in Welwyn garden city , Hertfordshire , England, and united kingdom , it has a large varieties of superstore and merchandise stores in many continents .it is one of the leading market of the groceries in the UK in which it has a market share of 28.4% , it has stores in many countries like Hungary , Thailand , Malaysia , Ireland . Recently it’s been proposed to open up in UAE.
Tesco started life in 1919 once Jack Cohen started merchandising surplus groceries from a stall within the East finish of London. Mr. Cohen created a profit of £1 from sales of £4 on his initial day.
The Tesco’s whole business appeared 5 years later in 1924 once he bought a cargo of tea from a Mr. T. E Stock well. The initials and letters were combined to make Tes-co and in 1929 Mr. Cohen opened the flagship Tesco store in Burnt Oak, North London.
The whole brand continued its rise within the Thirties once Mr. Cohen designed a headquarters and warehouse in North London and in 1932 Tesco became a personal Ld. In 1947 Tesco Stores (Holdings) Ltd floated on the exchange with a share value of 25p.
During the 60s supermarkets began to expand apace by commercialism a lot of merchandise in ever largerstores.
In 1961 Tesco Leicester entered the Guinness Book of Records in one of the largest…

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