Usiness at work - Tesco was founded in 1924 by Sir Jack Cohen. Over the last 78 years, as the food retailing market has changed, the company has grown and developed, responding to new opportunities and pioneering many innovations.

... USINESS AT WORK COURSEWORK TESCO PLC Introduction Tesco was founded in 1924 by Sir Jack Cohen. Over the last 78 years, as the food retailing market has changed, the company has grown and developed, responding to new opportunities and pioneering many innovations. Today it is Britain's leading food retailer with 639 stores around the country. Profits have risen by 11.9% since last year. OBJECTIVES * Increase food sales * Develop non-food business * Offer the convenience of one-stop shopping to their customers * Expand their hypermarket business in central Europe and Asia. Currently, international growth has gone up by 32.3% to £2.3bn and contributed £59m to profits up 78.8% to last year. * Increase value for customers and to enhance returns to shareholders *????Continually lower prices that customers pay for everyday products, current prices are 12.5% lower than they were in 1996 and in the first half of this year, they had deflation of 1.6% * Increase their investment in the environment * Continue helping charities *

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