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Tesco

Submitted by nyingku on May 30, 2007

Category: Business
Words: 2935 | Pages: 12
Views: 1920
Popularity Rank: 1,256
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Tesco- Nature of Business, Ownership, Structure, Services & Markets

BUSINESS

Tesco is one of the world's leading international retailers. The company first used the trading name Tesco, in 1929, it has since expanded from food retailing to different markets and sectors like insurance, telecom, online services, clothing, consumer electronics, consumer financial services, fuel, budget software etc.

The principal activity of the Tesco group is food retailing and it has over 2,500 stores worldwide.



Year of
entry Number of
stores Sales area
(million sq ft) Planned store
openings
2006/07
(inc acquisitions)
UK 1,897 25.9 124
________________________________________
Czech Republic 1996 35 2.5 50
________________________________________
Hungary 1994 87 4.3 22
________________________________________
Poland 1995 105 4.8 39
________________________________________
Rep. of Ireland 1997 91 2.1 8
________________________________________
Slovakia 1996 37 2.3 12
________________________________________
Turkey 2003 8 0.6 22
________________________________________
China 2004 39 3.5 12
________________________________________
Japan 2003 111 0.3 11
________________________________________
Malaysia 2001 13 0.9 4
________________________________________
South Korea 1999 62 4.1 32
________________________________________
Thailand 1998 219 6.8 180
________________________________________
2,710 58.7 516
________________________________________
(correct to end of last financial year - 25 Feb 2006)












OWNERSHIP

Tesco PLC is a publicly owned company its major...

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