Trading Performance of Tesco

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TESCO PLC Introduction TESCO plc is reported as one of the largest retailers across the globe and is originally a UK based entity and operates in 14 countries across Europe, Asia, and North America with 5380 stores and employing around 472,000 individuals. TESCO provides "online services through its subsidiary, company sells more than 40,000 range of products including clothing and non food items. Tesco is headquartered in Hertfordshire, UK. The group has recorded £60,931 million revenue for the year ended February 2011, an increase of £4021million as compare to 2010 and £7816 million to 2009.Company earned a profit of £2627 million in comparison with a profit of £2336 million in fiscal year 2010 and £2138m in 2009." (Ghafoor, 2011) TESCO's products and services include those stated as follows: (1) Store types: Extra Superstore Metro Express (2) Store offerings: Food Retail Non-Food Retail Petrol Stations Home Living Range (3) Tesco Personal Finance: Life Insurance Pet Insurance Home Insurance Travel Insurance Motor Insurance Savings Accounts Personal Loans Secure Investment Bonds Online Mortgage Finder I. Evaluation of Trading Performance for 2009-2011 The work of Ghafoor (2011) reports that TESCO plc "…was able to report the income of £2671 millions in 2011, which is higher in comparison with the previous two years at £ 2,336 million and £2138 million in 2010 and 2009 respectively. Group sales (including VAT) improved
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