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Tesco case study
Member rating: No Rating | Words: | Submitted: Mon Sep 27 2004
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Tesco are a Public Limited Company, most commonly known as a PLC. This refers to them as being a Public Limited Company which gives them the chance to operate on the stock market by selling shares. Tesco operates 2,291 stores around the world and employs 296,000 people. We have grown from a domestic retailer, to an International Group, through our organic growth programme. This year, all four parts of the Tesco strategy, the core UK business, non-food, retailing services and international, have increased in profitability. Tesco personal finance, established in 1997, now has over 3.4 million customer accounts and 15 products and services. It achieved profits of £96m in 2003 (Tesco share £48m). Tesco.com is the largest grocery e-tailer in the world and achieved a profit of £12m in 2003. They now also own a fixed line phone service as well. Half of their UK new space opened this year has...
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