Tesco is Britain’s biggest retailer, operating businesses in the UK, Ireland, Europe and Asia. Founded as a group of market stalls by the legendary Sir Jack Cohen in 1919, the Tesco name first appeared five years later, after Cohen bought a shipment of tea from TE Stockwell. He merged those initials with the first two letters of his surname to come up with the now famous retail name. Tesco has grown to more than 3,000 stores in its core British market, operating across a number of concepts including its Extra hypermarkets, superstores and smaller Express and Metro convenience formats, as well as online via Tesco.com. In addition to its core grocery business, Tesco owns the F&F clothing label and homewares brands Fox & Ivy and Go Cook.
Grocery sales registered the strongest increase last month since June 2020 as Ocado and Iceland both delivered substantial growth.
Everyone seems to agree the UK’s outdated business rates are broken and its many detractors claim the system is crippling hopes of retail recovery post-lockdown. Yet there is less unanimity about finding a fairer alternative, as Mark Faithfull discovers.
The recruitment of Tracey Clements is a statement by BP that it finally intends to take its convenience business seriously.
Earlier this month Sainsbury’s followed competitor Tesco’s lead in launching its very own Aldi price match. Retail Week analyses how the two schemes compare.
BP has poached Boots executive Tracey Clements to lead its European convenience business.
Advertisement
