Tesco


Tesco

Full Description


Tesco plc is a British multinational grocery and general merchandise retailer. Tesco is the third-largest retailer in the world measured by revenues and the second-largest measured by profits. Tesco has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK, Malaysia, the Republic of Ireland and Thailand.

Originally a UK-focused grocery retailer, since the early 1990s Tesco has increasingly diversified geographically and into areas such as the retailing of books, clothing, electronics, furniture, petrol and software; financial services; telecoms and internet services; DVD rental; and music downloads. The 1990s saw Tesco reposition itself, from its perception as a downmarket “pile ‘em high, sell ‘em cheap” retailer, to one which appeals across a wide social group, from its Tesco Value to its Tesco Finest ranges. This was successful, and saw the chain grow from 500 stores in the mid 1990s to 2,500 stores fifteen years later.

Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £24.4 billion as of 15 January 2012, the 15th-largest of any company with a primary listing on the London Stock Exchange.

 

 



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