Financial Management Report

5131 Words21 Pages
1. Introduction Tesco plc is one of the largest store retails chains in Britain; it is a British-based international grocery and general merchandising retail chain. It is the largest British retailer by both global sales and domestic market share. Over 30% of the grocery market in the UK has been control by Tesco, nearly to the combined market share of its closest rivals had Asda and Sainsbury 's. In 2007, the Tesco supermarket chain announced over £2.55 billion in profits (Caroline, 2007). Their business is mainly food and grocery, and also varied into areas ,for example: discount clothes, consumer electronics, consumer financial services, DVDs, GAME, VIDEO selling and renting, CDs selling and music downloads on Internet , broadband…show more content…
| | |Land banks- even it has been complained by many parties (Mintel, 2006)| | |Opportunities |Threats | |Expansion in international markets |Intense competition | |UK non-food market |Retail environment in Euro-zone | |Increasing online spending |Increasing labor wages in UK | |Private labels | | |Expanding Indian retail market | | |Retailing services | | |Tesco.com | | |Positive forecast of whole industry (Mintel, 2006) |
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