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Developing Professional Practice
Finance & Accounting
Pages 10 (2510 words)
Developing Professional Practice Table of Contents Table of Contents 1 Introduction 4 Core Structural Elements 5 Key Stakeholders 5 Developments within the Industry 6 Challenges Facing by Retail Industry 7 PESTEL Analysis of TESCO 8 Political factors 9 Economic factors 9 Social factors 9 Technological factors 9 Legal factors 9 Ratio Analysis of TESCO 10 Profitability ratios 10 Liquidity ratios 10 Efficiency ratios 11 Solvency ratios 11 Recommendation 12 Conclusion 12 Reference 14 Introduction The retail industry of United Kingdom (UK) is the largest service industry of the United Kingdom.
The new large scale retailers took three forms: department stores, co-operative societies and multiple chains (Jenkins, Johnson and Watson, 1997, p.1). It is estimated to boost in size by 15% in the next five years. UK retail industry contributes towards the 8% of the UK’s Gross Domestic Product (GDP), which involves mounting success of UK retailers overseas and the growth of e-commerce which accomplishes far beyond borders of United Kingdom. It also accounted for 4.5 million part-time and full-time equivalent jobs (Hillingdon, 2012, p.1). Hypermarkets like Asda and Tesco are proficient to capture wide customer base due to their diversified offerings. Along with Asda and Tesco, Morrison and Sainsbury’s also accounted for a market share of more than 80% of retail food sales in the United Kingdom. Travis Perkins Plc operates as a builder’s merchant and home improvement retailer in the United Kingdom. It is a leading company in the builders’ merchant and home improvement markets and is the largest supplier of building materials in the United Kingdom. ...
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