Tesco is one of the largest food retailers in the world, operatingaround 2,318 stores and employing over 326,000 people. Itprovides online services through its subsidiary, Tesco.com. TheUK is the company's largest market, where it operates under four banners of Extra, Superstore, Metro and Express. The companysells almost 40,000 food products, including clothing and other non-food lines. The company's own-label products (50 percent of sales) are at three levels, value, normal and finest. As well asconvenience produce, many stores have gas stations, becomingone of Britain's largest independent petrol retailers. Other retailingservices offered include Tesco Personal Finance.2.0 INDUSTRY ANALYSIS: PESTEL FRAMEWORK
2.1 Political Factors
Operating in a globalized environment with stores around theglobe (Tesco now operates in six countries in Europe in addition tothe UK; the Republic of Ireland, Hungary, Czech Republic,Slovakia, Turkey and Poland. It also operates in Asia: in SouthKorea, Thailand, Malaysia, Japan and Taiwan), Tesco'sperformance is highly influenced by the political and legislativeconditions of these countries, including the European Union (EU).