Tesco

Tesco PLC is a United Kingdom-based international supermarket chain. It is the largest British retailer, both by global sales and by domestic market share. Originally specialising in food, it has moved into areas such as clothes, consumer electronics, consumer financial services, internet service and consumer telecoms. In the year ended 26 February 2005 Tesco made a pre-tax profit of ?1.962 billion on turnover of ?33.974 billion (the widely publicised headline profit of "over ?2 billion" was "underlying profit" before certain accounting adjustments).

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According to TNS Superpanel Tesco's share of the UK grocery market in the 12 weeks to 14 August 2005 was 30.5%. Across all categories, over ?1 in every ?8 of UK retail sales is spent at Tesco. Tesco also operates overseas, and non-UK sales for the year to 26 February 2005 were 20% of total sales.

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PLC: PLC is an initialism for:...

Supermarket: A supermarket is a store that sells a wide variety of food. Most supermarkets also sell a variety of other household products that are consumed regularly, such as alcohol (where permitted), household cleaning products, medicine, clothes, and some sell a much wider range of non-food products. Superm...

Retail: REDIRECT Retailing...