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In UK, Tesco is the largest retailer and in UK, it serves about 66% of the retailer market and occupies about 33% of the selling space. Jack marketed his own brand tea as Tesco tea as early as 1924 and he opened the first Tesco store in North London in 1929. The first ever modern food warehouse was established in UK by Jack Cohen in 1934. Jack expanded his business by buying stores in London suburbs in 1937. In 1947, the Tesco Stores (Holdings) was registered in London Stock Exchange with a share price of as low as 25 pence with today’s price of £318. Headquartered at Cheshunt, UK, today, Tesco is engaged in retail grocery operations through 5000 retail stores both in UK and around the world. In 2012, Tesco’s turnover is £ 72 billion, its revenue is £ 42.8 bn and its UK revenue is £2.5bn. Tesco stores offers groceries, food items, electrical and electronic products, apparels, general merchandisers and also engaged in insurance and financial services , retail banking , distribution , data analysis and property operations .
“The Form and Content of Annual Report”
Tesco Plc form of the annual report for the year 2012 is easily accessible and can be downloaded from their websites. It facilitates the researchers to look for general and exhaustive info about the company. The annual report is well structured and designed and includes 158 pages .It starts with the financial indicators for the year 2012. ...
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Started as a small market stall in London’s East End in 1919 by Jack Cohen, today, Tesco Plc is the globe’s third largest supermarket with business operations spanning across 14 nations thereby serving millions of customers every week and offering jobs to more than 520,000 peoples around the world. …
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