Tesco Is The Uk 's Biggest Food Retailer

1377 Words6 Pages
Tesco Introduction: 300 words TESCO: Brief profile Tesco was founded by Jack Cohen Tesco is the UK’s biggest food retailer offering of variety of food and non-food product, therefore, they also include entertainment, insurance and electrical goods, much more etc. Tesco employs over 440,000 people around the world with over 280,000 in the Uk. Tesco has a philosophy where they put their customers, communities and employees at the heart of everything they do thus they provide a great experience for the customers they serve which this experience could either be online, in store or other proficient services. Size of the company Private or public Manufacturing Issues you are choosing to explore 2. Analysis: 1200 words Tesco is…show more content…
“Sir Terry: Where Tesco went wrong ‘” Sir Terry saw failure in leadership because the changes In culture that were brought it by the new management was not for the better” thus, Tesco still remains the UK biggest supermarket but the brand has lost its reputation due to low prices but then again customers expect Tesco to have the best prices on the kinds of product they buy which some of the customers trust has been lost and does not resonate powerful enough as sir terry mentioned when you are at the top and the business goes well you get credit and if it doesn’t you must take responsibility towards it. In September 2014 the new boss Dave Lewis was alerted about the shortfall in Tesco worth £250m which was expected as half-year profit, the issue behind this was caused by Tesco securing deals with suppliers earlier than it should have been therefore Tesco is issue shock profits warning in January following a poor Christmas which then have left Tesco out scaled by the rivals as the market share have gone down since 2005, while Tesco is rivaled Morrisons, Sainsbury, Waitrose pressured with efficient marketing and effective offers and deals. Tesco have failed to meet the suppliers demands with the pricing that has been arranged with the two parties, therefore, they have falsely overstated its profits by delaying or deducting payment to their suppliers while still owing money, this is an issue because its business they need these suppliers in order their business to work
Open Document