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.
2020-01-09T17:36:00+00:00By Grace Bowden
It has been a festive trading period dubbed by the BRC as “the worst on record”. With this week bringing the departure of a retail boss from one business and a profit warning at another, it does have the markings of a bleak Christmas.
2020-01-09T09:50:00+00:00By Luke Tugby
Tesco boss Dave Lewis has blamed the “subdued” Christmas grocery market on widespread promotional activity and heavy investments in price, rather than the fragile consumer backdrop.
2020-01-09T07:11:00+00:00By Hugh Radojev
Tesco has reported slight increases in both total and like-for-like sales and a fifth consecutive Christmas of growth in what it described as a “subdued UK market”.