Financial Management Report

Tesco is a British multinational grocery and general merchandise retailer, it has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in UK, where it has a market share of around 30%.

Tesco is the 3rd largest retailer in the world measured by profit and 5th largest

Tesco is one of British largest retail grocery, the first in terms of the top 10 retail in the United Kingdom. tesco was the first UK business to make 2 billion pounds in profit this was announced in earlier of 2005 also tesco is the third largest global retailer based on their revenue .

Tesco, which is British-based, is an international grocery and general merchandise supermarket chain. Tesco is the 3rd largest global retail store and the largest British retail store based on profits. Tesco was founded in 1919 by Jack Cohen from a market stall in London. Today it is one of the largest retailers in the world. Tesco’s main business is retailing in the UK, which provides 60% of all sales and profits. Tesco has the widest range of food of any other shop in the UK. Its two main food brands are it’s Tesco’s Finest and Everyday Value ranges, both of these products sell over £1 billion products per year. Tesco’s are also really clever about where they position their stores, they usually position the stores on cities or town’s high streets because they know that there will be a large number of people passing the store every day. This way there is a big chance of a lot of people entering the store and buying products because of this they will make more money. If the store isn’t situated in a major city or a busy town centres high street then they will usually position their stores in an area where there are no other big supermarkets in the surrounding area so the local people will have to use Tesco because there is not anything else. Tesco’s “every little helps” policy means that everything the company do is for the customers, employees and communities and this makes a lot of people want to shop at Tesco’s. Tesco also other loyalty cards called “Tesco Club

Yahoo! Finance (2012) describes Tesco PLC as a company that "operates stores that primarily offer food products, as well as general merchandise, clothing products, and electrical products." In addition to that, Tesco PLC is also involved in the provision of insurance, financial as well as banking (retail) services (Yahoo! Finance, 2012). Taking into consideration the number of branches it has in various parts of the world, Tesco PLC can be regarded one of the largest retailers around the globe. Having been established sometimes in the year 1919 by Jack Cohen, the company has surely come a long way (Tesco, 2012). The phenomenal growth of Tesco PLC over time can largely be attributed to both the unwavering vision of the founder and the selection of a competent team of managers to run the company's operations during its growth phase. Currently, the company top management team comprises of its CEO Andrew Clarke, its Chief Financial Officer Laurie Mcllwee and Tim

Tesco PLC is a major food retailer that operates primarily in the United Kingdom. The company operates 2,291 supermarkets, superstores and convenience stores in the United Kingdom, the rest of Europe and Asia. The company also offers financial products, such as insurance and banking services, as well as electrical appliances and telecommunication products. For the year 2007 to date, Tesco PLC achieved revenues that totaled £ 46,611 million, an increase of 10.9% against the previous year revenues that were £42,016 million. Tesco is one of the largest food retailers in the world, operating around 2,318 stores and employing over 326,000 people.

Nowadays Tesco is the second largest retailer in the world measured by profits. Also it is the third largest retailer in the world measured by revenues. Also Tesco’s strengths are increasing market share, wide food and non-food choice, insurance, online retailing, and its high quality and low price own-brand products. Tesco is a Public Limited Company. This business is owned by more than one or a group of people - shareholders. Shareholders are usually a group of people or an organization that owns shares in a business. Also Tesco owns around 6,351 stores worldwide in 14 countries.

In the first place I will begin with concise presentation of the firm I am expounding on. Tesco PLC is a international global general merchandise and grocery stock retailer whose headquater is situated in Cheshunt Hertfordshire, United Kingdom. Tesco offers an extensive variety

These concepts can be considered when discussing consumer choices offered by Supermarkets which have undoubtedly become a growing part of UK retailing. Tesco alone have 2000 stores in the UK out of its 3700 stores worldwide (Competition Commission, 2008 cited in Allen, 2009, p.73) and a 60% market share of grocery shopping in some towns within the UK (The Guardian, 2007 cited in Allan 2009, p.77).

Tesco is an international grocery and a general merchandising retailer in the United Kingdom. It’s the third largest retailer in the world and the second largest by profits. There are Tesco stores in fourteen countries in North America, Asia and Europe. Tesco are also known for being the grocery market leader in United Kingdom

Tesco PLC is one of the largest retailer in the world and by revenues it is the third largest , started in Welwyn

Tesco plc is a global grocery and general merchandising retailer headquartered in Cheshunt, United Kingdom. Tesco is the fourth-largest retailer in the world measured by revenues, after Wal-Mart, Carrefour and Metro. The second-largest measured by profits after Wal-Mart. It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia and Thailand.

Tesco is the leading food retailer in Britain, they have also focused on building non-food sales which are available in store and online. Tesco is one of the world’s largest retailers with approximately 4,331 stores in 14 countries which include Asia, Europe and the United States. (Tesco, 2011). See appendix 1 for a map of the countries Tesco operate in.

Tesco is the largest supermarket retail chain in the United Kingdom with Sainsbury being their closest rival. It is also the third largest retail chain in the world. In the beginning Tesco started off by selling basic groceries before diversifying into many different markets. In 2007 Tesco was operating in the following fields:

Tesco is one of Britain’s leading food retailers and has 586 stores. From 1992, Tesco has grown greatly and has increased its market share from 10.4% to 15.2%. This increase in customers has also given Tesco a large amount of profit.