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.
Tesco’s decision to repay its business rates relief in full will almost certainly lead to a chain reaction of others following suit. But while other dominoes look set to fall, many in the industry are questioning Tesco’s true motives.
Tesco will repay the business rates relief it received at the beginning of the coronavirus pandemic, which boss Ken Murphy has said is “absolutely the right thing to do”.
Grocery giant Tesco is set to open over 300 of its stores for 24 hours, with the remainder extending opening hours, from the middle of December until Christmas.
UK supermarket chains have joined forces to broadcast a number of adverts on Channel 4 as part of an anti-racism message.
Grocery giant Sainsbury’s is set to extend its opening hours in the run-up to Christmas, joining rivals Aldi and Waitrose in making the move.
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