Name TescoType Public LTD. CompanyTraded as LSE:TSCOIndustry RetailingFounded 1919(East London)Founder Jack CohenHeadquater England,UK.Numbers ofLocations6351 StoresArea Served WorldwideRevenue 64.539 Billion PoundsEmployees 5,19,671.
Some Facts about Tesco3rd LargestRetailerDiversifiedin 19902ndLargest interms ofprofitIt’sName
1919• Founded Tesco in 19191924• The first TESCO brand appeared1929• The first TESCO store was opened1947• TESCO was floated on LSE1956• The first self service store opened1987• TESCO completed its hostile take-overof the Hillard Chain
1994• TESCO took over the supermarket chainWilliam Low1995• TESCO introduced the Loyalty Club Card1997• On 21 March 1997 Tesco announced the purchaseof the retail arm of Associated British Foods2001• In July 2001 Tesco became involved ininternet grocery retailing in the USA when itobtained a 35% stake in Grocery Works.2003• The company launched a UK telecomsdivision
2004• In January 2004 TESCO acquiredAdminstore2007• TESCO was placed under investigation bythe UK Office of Fair Trading (OFT)2011• Tesco launched a range of Tesco VentureBrands2012• Tesco re-launched its own brand Tesco value range asTesco Everyday Value, with new packaging andrecipes
OurStrategyTo grow the UK coreTo be a creator of highly credited brandTo be an outstanding international retailer in store and onlineTo be as strong in everything we sell as we are in foodTo grow retail services in all our marketTo put our responsibilities to the communitieswe serve at theheart Of what we doTo build our team so that We create more values
Our visionOur vision is for Tesco “to be most highly valued by thecustomers we serve, the communities in which weoperate, our loyal and committed staff and ourshareholders; to be a growth company; a modern andinnovative company and winning locally, applying ourskills globally.”