REPORT ON TESCO

Report On Tesco



Synopsis

Tesco plc is one of world's biggest retailers, functioning more than 2,300 buying hubs & convenience shops & utilised in 326,000 people. Tesco enterprise centre is in Britain, which ranks as utmost head of employees is part of U.K & biggest nourishment retailer, functioning over 1900 stores. Company ranks as biggest buying hubs in world.

The company furthermore brags of economic services through Tesco Financial Services, which manages clients 4,600,000 circulated amidst anecdotes of short-term borrowings & vehicle defence policy. Through the string of connections of more than 100 flats of Tesco Express attachments, company ranks as biggest operator of gasoline in U.K.

Financial and Strategic Analysis Review of Tesco PLC is an in-depth business, strategic and financial analysis of the company. The purpose of this report is the detailed strategic and financial analysis of the company. The report highlights its strengths and weaknesses and the opportunities and threats it faces in business.

Table of Content

Contents

Introduction4

Financial Analysis7

Key figures8

Internal Environment15

Strengths15

Weaknesses16

External Environment16

Opportunities16

Threats17

Conclusion17

References19

Appendix20

Report On Tesco

Introduction

Tesco is the biggest supermarket of United Kingdom and is the leading retail sector in domestic market share and global sales as well. It started the business with food catering and after that expanded the business with provision of consumer electronics, clothing, internet service, consumer telecoms and consumer financial services. The focal point of strategy of Tesco is long term engagement and the four prime factors on which it is based are:

Core U.K business

Non- food business

Retailing Services

International Presence

In 2004 the total number of stores was ninety eight, and in 2005 the number grew to two hundred and seven including half of the stores situated in Asia. According to company's explanation its achievement is due to the exceptional Management team and Operating Strategy. In 1930s the beginning of Tesco was a group of self-service supermarkets in the United States of America. Later than the few years of business, the management of Tesco came to realize that by engaging smaller amount of workforce, larger stock volumes and selling an extensive variety could lower the prices of the products. This was the turning point for the company. Even though the war caused much destruction to everything else, Tesco was on its way towards success, flourishing in the middle of hard times. In 1940s, Tesco brought the concept of self-service supermarkets to the Great Britain. Only after twenty years, Tesco recognized itself just not for groceries, but also for clothing, fresh food, and other household goods. In January 2003, Tesco had built up eight hundred and seventy (870) stores in United Kingdom alone and planned to convert four hundred and fifty of these stores in to Tesco Express in the coming four years.

Furthermore, Tesco launched itself in Taiwan and Malaysia in the years 2000 and 2002 respectively. In 2002, Tesco purchased the chain of hypermarkets “HIT” in Poland. Due to this purchase 13 hypermarkets were added to the business in Poland which gave it the leading position in the ...