AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Tesco

Tesco
Every little helps!
Company nameTesco plc
Company typePublic limited company
IndustryRetailing
Founded1919 (East London)
Founder(s)Jack Cohen
HeadquartersCheshunt, Broxbourne, Hertfordshire, England, United Kingdom
No. of locations5,380 stores (As at Feb 2010) (see table below)
Key people 
ProductsGroceries, consumer goods, financial services, telecoms
Revenue(+) £60.93 billion (2010/11)
Operating income(+)£3.81 billion (2010/11)
Net income(+)£2.67 billion (2010/11)
Employees472,000 (2010)

     Home | Company | Tesco



Tesco plc (Lse - TSCO) is a global grocery and general merchandise retailer headquartered in Cheshunt, Hertfordshire, England, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand.

The company was founded by Jack Cohen in 1919 and opened its first store in 1929 in Burnt Oak, Edgware, Middlesex. The Tesco name first appeared after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname. 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.

Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.


Warning: simplexml_load_file(http://gdata.youtube.com/feeds/api/videos/-/Tesco?orderby=viewCount&max-results=10) [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "http://gdata.youtube.com/feeds/api/videos/-/Tesco?orderby=viewCount&max-results=10" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260