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.
Sales of take-home groceries have surged and food retailers’ online growth reached new heights, the latest grocery market share data has shown.
A number of supermarkets including Tesco, Sainsbury’s and the Co-op have won a legal ruling on whether they should be liable for business rates on cash machines located on their premises.
Marks & Spencer has announced a 50% sale on clothing, on the same day it bought forward the start date of its new clothing and homewares boss Richard Price.
Executives at three of Britain’s biggest grocers have been awarded hefty bonus packages.
As lockdown restrictions begin to ease, data from Edge by Ascential shows that grocery retailers are starting to see more stable demand spread out throughout the week, helping them to better manage their online stock levels.
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