Established in 1919 by Jack Cohen, Tesco PLC has grown to become a leading grocery and merchandise brand in the UK. The company, which opened its maiden store in 1929, began as a collection of market stalls selling groceries along Well Street in East London. It has now grown to become the second largest retailer in the world after Wal-Mart both in revenues and profits. Tesco has been listed in the London Stock Exchange as Tesco Stores Holdings Limited since 1947.
At its inception, Tesco specialized in grocery retailing. Over the years, the company has diversified into different areas of merchandise including clothing, books, furniture, electronics, and even petrol. Tesco also provides financial services as well as internet, telecoms, software, DVD rental, and music downloads in both online and offline platforms. Today, Tesco is an internationally recognized brand in the grocery, beverage, and general merchandise market.
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Tesco
(chainstore's website)
The Let Toys Be Toys Association has just reached an agreement with the Toys’R’Us toy store chain over gendered marketing. The giant has just announced the progressive suppression of separate boy/girl sections.
Evaluated in terms of teaspoons, the amount of sugar in a single can of soft drink is really impressive. Tesco's plan is to cut by 5% the sugar content per year, which is somewhat putting pressure on other companies...
Tesco is taking advantage of the release of Iron Maiden's last album to sell LPs, in addition to the CDs. This new vinyl department can be found in a selection of 55 Tesco Extra Stores.
Starting today, shopping in England will eventually cost you an extra 5p for the plastic carrier bag, unless you bring your own shopping bag, or shop in smaller stores.
It happened in August but was revealed last week only: Tesco had to remove hundreds of Garlic Bread packs from its shelves, due to an incorrect actual weight.
