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From Wikipedia, the free encyclopedia
Coordinates: 51°42′18.89″N 0°1′36.37″W
Tesco plc (LSE: TSCO (http://www.londonstockexchange.com/exchange/pricesand-news/stocks/prices-search/stock-pricessearch.html?nameCode=TSCO) ) is a British multinational grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand.
Type Traded as
Public limited company LSE: TSCO (http://www.londonstockexchange.com /exchange/prices-and-news/stocks /prices-search/stock-pricessearch.html?nameCode=TSCO) Retailing 1919 (East London) Jack Cohen
Industry Founded Founder(s)
The company was founded in 1919 by Sir Jack Cohen as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname, and the first Tesco store opened in 1929 in Burnt Oak, Middlesex. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country. Originally a UK-focused grocery retailer, since the early 1990s Tesco has increasingly diversified geographically and into areas such as the retailing of books, clothing, electronics, furniture, petrol and software; financial services; telecoms and internet services; DVD rental; and music downloads. Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £24.4 billion as of 15 January 2012, the 15th-largest company of any company with a primary listing on the London Stock Exchange.
Headquarters Cheshunt, Broxbourne, Hertfordshire, England, United Kingdom Number of locations Key people 5,381 stores (As at Feb 2010) (see table below) Sir Richard Broadbent
(Group Chief Executive)
Groceries, consumer goods, financial services, telecoms £60.93 billion (2010/11) £3.81 billion (2010/11) £2.67 billion (2010/11) 472,000 (2010) Tesco Stores Ltd. www.tesco.com (http://www.tesco.com)
Revenue Operating income Net income Employees
1 History 1.1 20th century 1.2 21st century 2 Corporate strategy 3 UK operations 3.1 Stores 3.2 Banking
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Tesco - Wikipedia, the free encyclopedia
3.3 Other businesses 3.4 Tesco Clubcard 4 Internet operations 5 International operations 5.1 China 5.2 Czech Republic 5.3 France 5.4 Hungary 5.5 Republic of Ireland 5.6 India 5.7 Isle of Man 5.8 Japan 5.9 Malaysia 5.10 Poland 5.11 Slovakia 5.12 South Korea 5.13 Taiwan 5.14 Thailand 5.15 Turkey 5.16 United States 6 Financial performance 6.1 UK market share 7 Advertising 8 Corporate social responsibility 9 Litigation 10 Criticism 10.1 Corporate tax structure 10.2 Opposition to expansion 11 Further reading 12 See also 13 References 14 External links 14.1 Official 14.2 Other
Tesco House, the Tesco head office, in Cheshunt, Broxbourne, Hertfordshire
Tesco store at Kingston Park, Newcastle upon Tyne
Tesco store at Kulim, Malaysia
Jack Cohen founded Tesco in 1919 when he began to sell surplus groceries from a stall at Well Street Market, Hackney, in the East End of London. The Tesco brand first appeared in 1924. The name came about after Jack Cohen bought a shipment of tea from T. E. Stockwell. He made new labels using the first three letters of the supplier's name (TES), and the first two letters of his surname (CO), forming the word TESCO. The first Tesco store was opened in 1929 in Burnt Oak, Edgware, Middlesex. Tesco was floated on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited. The first self-service
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music downloads. Terry Leahy assumed the role of Chief Executive on 21 February 1997. health.org/wiki/Tesco store opened in St Albans in 1956 (which remained operational until 2010. On 21 March 1997 Tesco announced the purchase of the retail arm of Associated British Foods. Originally specialising in food and drink. home. In July 2001 Tesco became involved in internet grocery retailing in the USA when it obtained a 35% stake in GroceryWorks. In 1996 the typeface of the logo was changed to the current version with stripe reflections underneath. In 2006 Inverness was branded as "Tescotown". branded 'Clubcard'. It also made a major move into the 3 of 28 16/3/2012 9:02 AM . successfully fighting off Sainsbury's for control of the Dundee-based firm. This acquisition gave it both a major presence in (and marked a return to) the Republic of Ireland and a larger presence in Northern Ireland than Sainsbury's. In turn Esso operates the forecourts and sells their fuel via the Tesco store. As of November 2006 Tesco was the only food retailer to make online shopping profitable. plus associated businesses. electronics. Internet services and software. In 1994. the company took over the supermarket chain William Low. This paved the way for Tesco to expand its presence in Scotland. financial services. beating Express Dairies Premier Supermarkets to the deal). 21st century The company was the subject of a letter bomb campaign lasting five months from August 2000 to February 2001 as a bomber calling himself "Sally" sent letter bombs to Tesco customers and demanded Clubcards modified to withdraw money from cash machines. and also through acquisitions. The deal was approved by the European Commission on 6 May 1997. in 1995 and later an Internet shopping service.Wikipedia. which had begun its move into Northern Ireland in 1995. with Tesco operating the attached stores under the Express format.wikipedia. whilst the corporate font used for store signage was changed from the familiar "typewriter" font that had been used since the 1970s. to which he added an internal motto of "YCDBSOYA" (You Can't Do Business Sitting On Your Arse) which he used to motivate his sales force. London (now a listed building). until it owned more than 800 stores. Stewarts and Crazy Prices chains in the Republic of Ireland and Northern Ireland. A branch of Tesco built inside the Hoover Building in Perivale. which was weaker than in England. 200 Harrow Stores outlets (1959). In 1997 Tesco & Esso (part of Exxonmobil) forged a business alliance that included several petrol filling stations on lease from Esso. Tesco introduced a loyalty card.Tesco . with a period as a Tesco Metro). 200 Tesco/Esso stores now exist across the UK. which consisted of the Quinnsworth. 97 Charles Phillips stores (1964) and the Victor Value chain (1968) (sold to Bejam in 1986). it has diversified into areas such as clothing. for £640 million. During the 1950s and the 1960s Tesco grew organically. and the first supermarket in Maldon in 1956.  because well over 50p in every £1 spent on food is believed to be spent in its three Tesco stores. The company purchased 70 Williamson's stores (1957). which operated 57 stores. the free encyclopedia http://en. car. telecoms. In 2002 Tesco purchased 13 HIT hypermarkets in Poland. retailing and renting DVDs. CDs. dental and pet insurance. Jack Cohen's business motto was "pile it high and sell it cheap". the appointment having been announced on 21 November 1995. 212 Irwins stores (1960. In May 1987 Tesco completed its hostile takeover of the Hillards chain of 40 supermarkets in the North of England for £220 million.
values. In 2007 Tesco was placed under investigation by the UK Office of Fair Trading (OFT) for acting as part of a cartel of five supermarkets (Safeway. beverage. to complement its existing Internet service provider business. the free encyclopedia http://en. Tesco sued a Thai academic and a former 4 of 28 16/3/2012 9:02 AM . In June 2003 Tesco purchased the C Two-Network in Japan. principles.9 billion for the first half of 2011. In 2011. To protect its brand image. Europa. implying a shift by the company to focus on people. It was one of the first to build self-service tills and use cameras to reduce queues. In late 2005 Tesco acquired the 21 remaining Safeway/BP stores after Morrisons dissolved the Safeway/BP partnership. both customers and employees. They will be rebranded into small Tesco stores. That is to appeal to all segments of the market". Tesco. Tesco. is still under investigation by the OFT. including the upmarket "Finest".Wikipedia. Dillons and Day & Nite chains in the UK. but facing criticism over the growth of hypermarkets CP Group sold its Tesco Lotus shares in 2003. Tesco Mobile and financial services. In 2003. partly due to shoppers switching to budget rivals. butter and cheese. A core part of the Tesco expansion strategy has been its innovative use of technology. "[Tesco has] pulled off a trick that I'm not aware of any other retailer achieving. Beginning in 1997 when Terry Leahy took over as CEO. and given its expansion plans in Thailand. It also acquired a majority stake in Turkish supermarket chain Kipa. which maintains that it was not a part of the cartel. home. In October 2003 the company launched a UK telecoms division. Tesco took part in a joint venture with O2 to form the Tesco Mobile mobile virtual network operator. owner of 870 convenience stores in the One Stop. mid-range Tesco brand and low-price "Value" encompassing several product categories such as food. Morrisons and Sainsburys) and a number of dairy companies to fix the price of milk.000 farmers recovering from the foot-and-mouth crisis. owner of 45 Cullens. it also launched a broadband service. Sainsburys and the former Safeway admitted that they acted covertly against the interests of consumers while publicly claiming that they were supporting 5. Tesco began marketing itself using the phrase "The Tesco Way" to describe the Potters Bar Tesco company's core purposes. and goals This phrase became the standard marketing speak for Tesco as it expanded domestically and internationally under Leahy's leadership. Tesco launched a range of Tesco Venture Brands Corporate strategy According to Citigroup retail analyst David McCarthy. In January 2004 Tesco acquired Adminstore. They were fined a total of £116 million. In December 2007 Asda. clothing. and Harts convenience stores. In November 2007. Although profits were £1. in and around London. comprising mobile and home phone services. In mid 2006 Tesco purchased an 80% stake in Casino's Leader Price supermarkets in Poland. In August 2004.org/wiki/Tesco UK convenience store market with its purchase of T & S Stores.wikipedia. In Thailand Tesco Lotus was a joint venture of the Charoen Pokphand Group and Tesco.Tesco . One plank of this strategy has been Tesco's use of its own-brand products. sales growth in the UK was the lowest in 20 years. Asda. Tesco has recently been employing a policy of launching defamation proceedings.
The first Extra opened in 1997 in Pitsea and more recently in 2009 Maldon. Other large stores include Bar Hill. Grimsby. Some stores that did not have the second floor have been converted to this format in recent years.g. James Nesbitt. David Tennant. Martin Clunes. Swansea. Cradley Heath.Wikipedia. Neil Morrissey. In November 2011.000 m2) range. Chesterfield. amongst criticism of Tesco's propensity to put small retailers out of business. Tesco is insisting that the two pay £1. Tesco's main advertising slogan is "Every little helps". The largest in Wales is at Parc Fforestfach. which are all in the 120. On television. The number of these is now being increased by about 20 a year.6 million and £16. Kingston upon Hull. They have been alleged to have misstated that Tesco's Thai market amounts to 37% of its global revenues. Clay Cross. Newer stores are usually on two floors. Stafford. such as Barbara Windsor.. David Jason. Newcastle upon Tyne. and Leyland.230 m2) of floorspace. Stockton-on-Tees and Watford. "Tesco Value") superimposed on a red circle.Helens adjacent to the new St. Its advertisements in print and on television mainly consist of product shots (or an appropriate image. Richard Aitken and Kathy Burke amongst others. the free encyclopedia http://en.000 square feet (11. Dawn French.500 square feet (17. voiceovers are provided by recognisable actors and presenters. which is 112. The largest store in England by floor space is Tesco Extra in Walkden. differentiated by size and the range of products sold. Cleethorpes.Tesco .wikipedia. electronics and entertainment. Hexham. Galashiels. UK operations Stores Tesco's UK stores are divided into six formats. The largest in Scotland is the Silverburn store. Exceptions include Trowbridge. Warrington and Walsall College are located in inner-city locations. These are shown below: Tesco Extra Tesco Extra stores are larger. but only as a one floor store. Eastbourne. with the ground floor mainly for food and the first floor for clothing. mainly out-of-town hypermarkets that stock nearly all of Tesco's product ranges. all stores have a Tesco Tech Support Team. a Tesco Extra opened in St. Cumbernauld.org/wiki/Tesco minister for civil libel and criminal defamation. Jane Horrocks. such as a car when advertising petrol) against a white background. with 185. West Yorkshire. Slough. Bulwell. The 200th Extra store was opened in October 2010 in Bishop Auckland. with a price or appropriate text (e.Helens RLFC Stadium. Terry Wogan. Yeovil. Stevenage. which are in the heart of town centres. Tesco Superstores 5 of 28 16/3/2012 9:02 AM . Most Tesco Extra stores have a café and as of October 2009. Commercial Street. Cardiff (Western Avenue) and Cardiff (Pengam Green). Bradford. Leigh.400 m2) constructed in 2003. mainly by conversions from the second category.000 square feet (10. The 100th store opened on 29 November 2004 in Stafford. Ray Winstone. Batley.4 million plus two years' imprisonment respectively. Milton Keynes. Wigan. Tesco Extra. Nottingham Beeston Burnley.
small shopping precincts in residential areas. The first Tesco Metro opened in Neston in 1980. Hilperton Road. including those that opened before the Covent Garden branch. along with the original stores. have been rebranded from Tesco to Tesco Metro. unlike many that were converted to Tesco Express. One Stop One Stop. these kept their old name. small towns and villages and on Esso petrol station forecourts. in September 2006. the free encyclopedia http://en. The Tesco store in Devizes was the last store to finish rebranding. highlighted in The Times 22 March 2010: "Britain’s biggest supermarket uses its chain of 520 One Stop convenience stores—which many customers do not realise it owns—to charge up to 14 per cent more for goods than it does in Tescobranded stores. often situated in less well-off areas. St Albans. The brand. Tesco Metro Tesco Metro stores are sized between Tesco superstores and Tesco Express stores. stocking mainly food with an emphasis on higher-margin products (due to small store size. formed part of the T&S Stores business but." Tesco responded to the article stating "It is a separate business within the Tesco Group. Trowbridge.org/wiki/Tesco Tesco superstores are standard large supermarkets. with the support of supervising staff when required. England Tesco Express Tesco Express stores are neighbourhood convenience stores averaging 2. The store had not been renovated for over 20 years. One Stop stores offer a different range to Express stores and its operating costs are different. Some have Tesco Personal Finance branded cash machines.wikipedia.200 square feet (200 m2). Tesco Metro. The stores have always previously been branded as simply 'Tesco'. Since then all Tesco branches with a high street format. is the only Tesco store format in the UK that does not include the word Tesco in its name. The 1000th Tesco Express site opened in July 2009.Tesco . with stores averaging 11. which includes some of the smallest stores (smaller than a Tesco Express). but a new store in Liverpool was the first to use the format brand 'Tesco Superstore' above the door. One Stop’s price strategy is to match its nearest competitor Cost Cutter and is frequently 6 of 28 16/3/2012 9:02 AM . and the necessity to maximise revenue per square foot) alongside everyday essentials. Wiltshire One Stop.Wikipedia. can be higher than nearby Tesco branded stores. Tesco have now started building Tesco Express stores with only 'AssistedService' tills. Wiltshire The business has attracted some controversy. the inner city and on the high streets of towns. in which the customer scans all their own shopping and packs it. Trowbridge. Tesco Express. They are mainly located in city centres. stocking groceries and a much smaller range of non-food goods than Extra stores. with its own supply chain and distribution network.000 square feet (1. as grocery prices in these shops. Subsequently.000 m2). They are found in busy city centre districts. other stores bought by Tesco have been converted to the One Stop brand.
Large units for non-food retailing are much more readily available. and the first store opened in October 2005: As of 2012." They can usually be found in smaller communities across the United Kingdom.000 797.044 51.608 1.815 Total Total Mean Mean Percentage +/.400. Two more were due to open in the first half of 2009 at sites around the country. Current Stores offer all of Tesco's ranges except food in warehouse-style units in retail parks.73% 7. Tesco Homeplus History Tesco Homeplus is not Tesco's first non-food only venture in the UK.962. the grocery giant is keen to exit leases on all of its 13 Home Plus stores and has been looking at options with property advisor Morgan Williams.53% 3.000 1.722. and the company is restricted in how many of its superstores it can convert into Extras and how quickly it can do so.99% 2. Tesco's UK store portfolio was as follows.468 121.000 2.000 554.57% 100% 22 15 5 155 8 0 3 208 Tesco Superstores 470 3.079.263 2.wikipedia.790 4.000 1.885 15. they stocked similar items to Homeplus stores.Wikipedia.127 29.411.303.Tesco .112 13. according to The Times.297.046 212 142 3. the free encyclopedia http://en.323 71.000 6. at the end of its 2010/11 financial year.04% 5. Store facts As of 26 February 2011. Until the late 1990s/early 2000s there were several non-food Tesco stores around the country including Scarborough and Yate.526 41.632 272.615 46. In both cases this was because another part of the shopping centre had a Tesco Superstore that stocked food items only.000 2.282 1.932.706 11. In May 2005 Tesco announced a trial non-food only format near Manchester and Aberdeen.Stores area (m²) area (sq ft) area (m²) area (sq ft) of space 2010/11 1. Tesco is using this format because only 20% of its customers have access to a Tesco Extra.530 42.392 74.08% 38.053 2.org/wiki/Tesco cheaper. Format Tesco Extra Tesco Metro Tesco Express One Stop Tesco Homeplus Dobbies Total Number 212 186 1.257 Banking 7 of 28 16/3/2012 9:02 AM .536 13. the stores were located on high streets and shopping centres.04% 1. The newest Homeplus store opened in Chester in July 2009. Although not in a warehouse style format.000 1.095.285 599 13 28 2.760 194. All of these were to feature the Order and Collect desk where customers can purchase and collect most items straightaway. There are currently 13 Homeplus stores nationwide.586 36.
which confirmed conditions set out in the offer made on 20 June 2007. 8 of 28 16/3/2012 9:02 AM . of which Tesco's share was £66 million. The Technika range currently includes Televisions. Products on offer include credit cards. The deal was confirmed as successful by the board of directors of Tesco on 17 August 2007 when the board announced that they had received 53. Dobbies continues to trade under its own brand. but instead has pursued a strategy of pairing its marketing strength with the expertise of existing telecoms operators. from its own head office in Melville.Wikipedia. These are available to residential consumers in several countries and are sold via the Tesco website and through Tesco stores. Tesco raised its holding to 65% in September and on 5 June 2008 Tesco announced that it would be compulsorily acquiring Dobbies Garden Centres plc. near Edinburgh. Tesco Mobile was launched as a joint venture with O2. This move towards the financial sector diversified the Tesco brand and provides opportunities for growth outside of the retailing sector. Telecoms Tesco operates mobile phone. Computer Peripherals.457 shares).org/wiki/Tesco Main article: Tesco Bank Tesco has a banking arm called Tesco Bank. life and travel. formerly a 50:50 joint venture with the Royal Bank of Scotland. On 28 July 2008 Tesco announced that they were buying out the Royal Bank of Scotland's 50% stake in the company for £950 million. A similar O2 based service has since been launched in Ireland and Slovakia. Although the deal had been confirmed by Tesco the offer remained open to Dobbies shareholders until 20 August 2007. In November 2009 Tesco announced over 2 million UK customers were using this service.tesco. In October 2009 the name of Tesco Personal Finance was changed to Tesco Bank. They are promoted by leaflets in Tesco's stores and through its website. such as Tesco and Tesco Value. The Technika brand is managed in-house by Tesco alongside its other brands. DAB Radios. The business made a profit of £130 million for the 52 weeks to 24 February 2007.410.com/help/returns. Dobbies operates 28 garden centres. home phone and broadband businesses.tescotechsupport.aspx) or in-store through Tesco Tech Support (http://www. Mobile In late 2003. Tesco has not purchased or built a telecoms network.Tesco . the free encyclopedia http://en. half in Scotland and half in England. Other businesses Garden centres Tesco announced its intention to purchase Dobbies Garden Centres for £155. home.1% of shares (or 5. loans. Customer support is offered through the Tesco Electrical Helpline (http://direct. savings accounts and several types of insurance.6 million on 8 June 2007. DVD and Blu-ray Players. Technika Technika is a brand name for electronic products sold exclusively through Tesco Stores. mortgages. The range is updated on a regular basis to follow market trends. MP3 Docking Stations.com/) .wikipedia. including car.
and were able to launch Tesco Tech Support in December. This was due to petrol sold by Tesco and Tesco petrol station in St Mellons others being contaminated with silicon. a Voice over Internet Protocol. In November 2009 Tesco announced a new partnership with Cable & Wireless. after printing full page apologies in many national newspapers. Tesco Tech Support provides UK and Ireland with technical support via telephony system on the electrical products sold in their stores. Phone Shops In November 2009 Tesco announced it now has 100 Phone Shops embedded within larger Tesco Extra stores. 97 and 99 RON (a fuel developed by Greenergy of which Tesco is a shareholder) petrol from forecourts at most superstore and Express locations.wikipedia. and a fresh focus on this business area. Tesco offered to pay for any damage caused by the faulty petrol.T. VoIP In January 2006. electrical returns and a range of payment plans on all electrical goods over a certain amount.org/wiki/Tesco ISP In August 2004 Tesco broadband. Tesco sells 95. Fuel Tesco first started selling petrol in 1974. and now offering Greenergy 100% biodiesel at many stores in the southeast of the United Kingdom. offering petrol-bioethanol and dieselbiodiesel blends instead of pure petrol and diesel at their petrol stations. was launched in partnership with NTL. On 6 March. VoIP. On 28 February 2007 motorists in South East England reported that their cars were breaking down. service was launched in conjunction with Freshtel of Australia.Tesco .Wikipedia. and stated an intention to open up to 500 such shops across the UK in the medium term. In April 2010 the first Tesco Phone shop opened in Slovakia. Tesco Internet Phone. Teams of Advisors were put into all Extra stores with the sole job role of answering technical questions on Tesco's range of electrical products. support company called The PC Guys in 2008. Through the Cardiff Customer Service Centre in the United Kingdom. This service was shut down in 2010. Film making Tesco Tech Support logo 9 of 28 16/3/2012 9:02 AM . Tesco has been criticised with claims that they had been alerted to the problem as early as 12 February 2007. Tesco have recently diversified into biofuels. the free encyclopedia http://en. Tech support Tesco acquired a small I. an ADSL-based service delivered via BT phone lines. They also are responsible for advising customers on extended warranties.
 Tesco Tyres In 2011. Tesco Broadband. day trips. offering services like haircuts. Record label In 2010. manicures and eyebrow. online or on various Clubcard deals. etc. Each point equates to 1p in store when redeemed or up to 3 times their value when used with clubcard deals (offers for holidays. Tesco launched Tesco Gold Exchange. Video-on-demand On 20 April 2011. Tesco have recently announced a partnership with Virgin Atlantic whereby you can convert clubcard points into frequent flyer miles  Holders receive Clubcard statements 6 times a year. leg waxing. and is an investigation thriller. it intends to use the company to boost its digital entertainment offering. The first film comes out on 6 September and is called Paris Connections. offering money for gold.200 fitting partners across the UK as well as offering clubcard points with purchases. selected Tesco Personal Finance products or through Clubcard partners. or Tesco. Tesco launched tesco-tyres.) Clubcard points (UK & IE) can also be converted to Airmiles. E. Your Beauty Salon In February 2011. the free encyclopedia http://en. Tesco acquired a 80% stake in Blinkbox from Eden Ventures and Nordic Venture Partners. Gold Exchange In 2011.com in association with Blackcircles. and 1 point per £2 on fuel (not in Slovakia). Tesco was cited in a Wall Street Journal article as using the intelligence from the Clubcard to thwart 10 of 28 16/3/2012 9:02 AM .Tesco . as well as offering clubcard points to customers via their website.com.Wikipedia. Tesco records will be exclusive products to Tesco stores. These can be spent in-store.films. Tesco launched Your Beauty Salon. offering a choice of over 1. Tesco Clubcard Main article: Tesco Clubcard Customers can collect one Clubcard point for every £1 (or one point for €1 in Ireland and Slovakia) they spend in a Tesco store. which often feature extra point coupons and money-off coupons. with notable signings since including Mick Hucknall and Nadine Coyle.org/wiki/Tesco In 2010 Tesco started funding a small film studio intended to produce Tesco exclusive direct-to. Tesco announced that they will be forming their own record label. Jackie Collins rewrote the novel to be more appropriate to the medium of film. or by using Tesco Mobile.com.wikipedia. Tesco Homephone. in Tesco stores planning to open 70 over the next year.ON and Avis. Customers can also collect points by paying with a Tesco Credit Card. It is based on a popular novel by Jackie Collins. which is a postal gold service.
The store numbers and floor area figures are as at 27 February 2010. as well as providing consumer goods.com Tesco operates a grocery homeshopping service. 11 of 28 16/3/2012 9:02 AM . in Gateshead.tescoplc. In 2003. International operations Tesco's international expansion strategy has responded to the need to be sensitive to local expectations in other countries by entering into joint ventures with local partners. Both companies stated that they were concentrating their efforts in countries where they had strong market positions. In September 2005 Tesco announced that it was selling its operations in Taiwan to Carrefour and purchasing Carrefour's stores in the Czech Republic and Slovakia. the world's first recorded online home shopper. In late 2004 the amount of floorspace Tesco operated outside the United Kingdom surpassed the amount it had in its home market for the first time.com/plc/ir/pres_results/analyst_packs/ap2010/prelim10 /prelim10. telecommunications and financial services online. total store size in area and sales for Tesco's international operations. and Charoen Pokphand in Thailand (Tesco Lotus).wikipedia. Tesco has operated on the internet since 1994 and was the first retailer in the world to offer a robust home shopping service in 1996. such as Samsung Group in South Korea (Samsung-Tesco Home plus). In May 1984. Internet operations Main article: Tesco. the free encyclopedia http://en. appointing a very high proportion of local personnel to management positions. goods being hand-picked within each store. which is operated by LOVEFiLM and a music download service. Tesco.org/wiki/Tesco Wal-Mart's initiatives in the UK. packages from these companies are likely to feature. Mrs Jane Snowball. one in Poland and one in Japan.com was formally launched in 2000. Grocery sales are available within delivery range of selected stores. Tesco offers an internet-based DVD rental service. Tesco announced that it will be selling six own-brand budget software packages for under £20 each. It also has online operations in the Republic of Ireland and South Korea. This information is taken from the 2009/10 financial broker pack (http://www.pdf) PDF (106 KB).com's CEO at the time. England.Wikipedia. As Formjet is exclusive distributor for Panda Software and Ability Plus Software. John Browett. in its 2005/2006 financial year it made acquisitions in South Korea. in a partnership with software firm Formjet. It also makes small acquisitions as part of its strategy for example. including office and security suites. in contrast to the warehouse model followed by Ocado. although the United Kingdom still accounted for more than 75% of group revenue due to lower sales per unit area outside the UK. The following table shows the number of stores. tesco. received the Wharton Infosys Business Transformation Award for the innovative processes he used to support this online grocery service. purchased groceries from her local Tesco store in the world's first recorded online shopping transaction from the home.Tesco . On 1 October 2007.
000) 1.000) 3.626 (5.676. Italian and Dutch cheese products.214 (13.316 (24.wikipedia.718. 12 of 28 16/3/2012 9:02 AM .053. Most of Tesco China's stores are based around Shanghai.957) 314.586 (36.411.399.240 (34. There are currently three Tesco Extra stores in the Czech Republic – one in Prague and two in Plzeň.091 (2.536) Mean: 1.981.983) 1.000) 2.876) 1.040 (21. Shandong province.185.504) 594.000) 9.000) 7.903 (3.931) 46.000) 3.198 (77. Tesco has been increasing its own brand products into the Chinese market as well as introducing the Tesco Express format.569.Tesco . with further planned.080 (33.000) 6.000) 3. Tesco has a large store in Weifang.000) 2.383.970) China Tesco acquired a 50% stake in the Hymall chain.000) 8.715 164 2.526) 199.736 (11.Wikipedia. some imported wines.440.064 (32.000) 3.476) 486.084. In December 2006 it raised its stake to 90% in a £180 million deal.000) 4. Jiangsu province. and Australian.465 (26.000) 335 (3.671 5.325.766 (8.788 (8. Tesco is also keen to expand non-food items and has already opened petrol stations and offers personal finance services in the Czech Republic. but according to Tesco it plans to equip the business to expand more quickly and in different areas.238.916 (505.348 (14.241.722.487 (6.143.129 (87.152) 667.607) 308.135. Tesco opened its first stores in the Czech Republic by buying US corporation Kmart's operations in the country and converting them into Tesco stores.000) 1.997 (70. A Tesco Express in the Shanghai Old Street area is no different from a typical Chinese convenience store in both style and products on display.583 (107.049) 301.508 (7.257 (13.146. and a further two floor store in Taizhou.000) 3.913 (52. French.342.org/wiki/Tesco Country China Czech Republic Hungary Republic of Ireland Japan Malaysia Poland Slovakia South Korea Thailand Turkey United Kingdom (for comparison) United States Total (not including UK) Total (including UK) Entered 2004 1996 1994 1997 2003 2002 1992 1996 1999 1998 2003 1919 2007 Stores 105 158 205 130 140 44 371 97 354 782 121 2.099 (3.786 (11. from Ting Hsin in September 2004. the free encyclopedia http://en.386 Area (m² (sq ft)) Mean store area (m² (sq ft)) +/Stores 2010/11 17 22 29 11 2 7 35 16 49 119 16 205 19 336 544 755.884) 1.500) 756.291 (3.855 (19. The tesco in Taizhou offers imported beers and spirits.067) Mean: 2. Czech Republic Tesco opened its first store in the Czech Republic in 1996 and now has over 84 stores.256 (35.
with a reported November 2005 share of 26. Tesco re-entered the Irish market in 1997 after the purchase of Power Supermarkets Ltd. its name is Tesco Extra Fogarasi and it is located in Zugló. Ireland is being viewed as a provincial backwater by the parent company – albeit a very profitable little backwater – and all the strategic decisions are being taken in the UK. Tesco Ireland operates a small number of Tesco Extra hypermarkets in the Republic of Ireland.org/wiki/Tesco France Tesco owned a French food retailer called Catteau between 1992 and 1997. Tesco Ireland also claims to be the largest purchaser of Irish food with an estimated €1. Hungary with Statue of Fire Salamander India Tesco has had a limited presence in India with a service centre in Bangalore. Tesco is now the grocery market leader in the Republic of Ireland. Belehradska Street. It opened its first hypermarket in Hungary at the Polus Centre in Budapest in 1996. personal finance. and outsourcing. however sold its operations there in March 1986. healthy living and finest range in its stores. Tesco's largest hypermarket store in Europe. beer and spirits. In August 2010 opened the first Tesco Extra in Budapest. these offer a home delivery shopping service available to 80% of the Irish population as well as petrol. flower delivery service and a weight-loss programme. In 2008 Tesco announced their intention to invest an initial £60m ($115m) to open a wholesale cash-and-carry business based 13 of 28 16/3/2012 9:02 AM . the Clubcard.3%. mobile telephone. Tesco also operated a "Vin Plus" outlet in Calais. Tesco operates through more than 200 stores in Hungary with further openings planned. Also available is Tesco's loyalty programme. Prague. with Clarehall Extra on the Malahide Road being the first to open in 2006. Tesco store at K szeg.500 m². opened in Naas in Co Kildare in November 2010. which closed on 30 August 2010. Hungary Tesco launched in Hungary in 1994 after purchasing a small local supermarket group trading as S-Market and based in the North West of Hungary. standard. Tesco Express.wikipedia. Czech Republic Republic of Ireland Main article: Tesco Ireland Tesco operated in the Irish grocery market in the early eighties.Wikipedia. Tesco offers its value. Tesco Hungary also offers a clothing line and personal finance services. the free encyclopedia http://en.Tesco . Hyper Cedico and Cedimarche banners. It now operates from 101 stores across Ireland. which operated a chain of stores in NE France under the Cedico. selling wine. The country's newspaper of record the Irish Times in April 2011 said that "Increasingly. Like Tesco stores in the UK. with a floorspace of 18.5 billion annually. Budapest.
 Malaysia Tesco opened its first store in Malaysia in May 2002 with the opening of its first hypermarket in Puchong. Kedah four stores. A Tesco outlet in Bandar Bukit Tinggi.org/wiki/Tesco in Mumbai with the assistance of the Tata Group. petrol. Negeri Sembilan three stores. It has also launched its range of software in Japan. Tesco Poland offers the value. Poland Tesco entered the Polish market in 1992. which holds 30% of the shares. As of 2011. Isle of Man. which was rebranded Tesco Extra and provides products for local retailers. Tesco has relaunched the Tesco Extra brand in five of its stores in the Klang Valley.wikipedia. Kuala Lumpur and Penang five stores each. Selangor has 12 stores. Selangor. personal finance services and on-line photo processing. Perak seven stores. the loyalty clubcard and clothing. Isle of Man Tesco opened a large purpose built store along with a car park in Douglas on the Isle of Man in 2002. an optician and a Tesco phone shop will also be incorporated into these Tesco Extra stores. the free encyclopedia http://en. healthy living and own branded line of products as well as regional produce. Tesco also acquired the Malaysian operation of the wholesaler Makro. rather than opening hypermarkets. It currently operates from 334 stores. Japan Tesco Japan first began operations in 2003. Tesco Malaysia currently operates 45 Tesco and Tesco Extra stores. electronic goods. Selangor. its own branded range. Tesco has adopted an approach that focuses on small corner shops that operate similarly to its Express format. Slovakia A Tesco Hypermarket in Prokocim. It was brought about by a buy-out of C Two stores for £139 million in July 2003 and later Fre'c in April 2004. Tesco has partnered with local conglomerate Sime Darby Berhad. and Kelantan one store. Malaysia. Currently there are five Tesco Extra stores in Poland. Johor six stores. Melaka two stores. There are currently (as of 2011) plans to open a second store in Castletown. Tesco announced that they would be selling off their Japanese stores after revealing that only half of the stores in the Greater Tokyo Area were making a profit. home and electronics ranges. In August 2011. Tesco also runs a home delivery service across the island. Klang.Tesco . In August 2008 Tesco opened the first Extra store in Poland located in Częstochowa. clothing.Wikipedia. Tesco Malaysia's clubcard introduced Green ClubCard Points in 2007 making Tesco Malaysia the first Tesco international business to introduce the scheme (Green ClubCard Points). A variety of complementary services such as a pharmacy. 14 of 28 16/3/2012 9:02 AM . The new Tesco Extra brand will now offer the widest choice in the food. Tesco Malaysia offers a value range.
the free encyclopedia http://en. Tesco Slovakia has recently put great emphasis on organic products.wikipedia. Slovakia Tesco launched its South Korean operations in 1999 and partnered with Samsung. Tesco Slovakia caused controversy amongst the Slovak government when it was found to have come foul of food safety laws in 2006. currently Tesco holds 94% of the shares in the venture. It is the second largest retailer in South Korea. Shoppers have to pass through a checkpoint before entering the premises. On 14 May 2008. including the first self-service cash flow in Central Europe. The majority of the E-Land stores formerly belonged to French retailer Carrefour before 2006 and most of the stores will be converted to Tesco Homeplus outlets. Bratislava.org/wiki/Tesco Tesco Slovakia opened in 1996 as part of Tesco's international expansion aims. In April 2010 the first Tesco Extra in Central Europe opened in Bratislava – Petrzalka. Thailand Main article: Tesco Lotus Tesco entered Thailand in 1998 and operates through 380 stores as part of a joint venture with Charoen Pokphand and named the operation Tesco Lotus. This partnership was dissolved in 2003 when Charoen Pokphand sold its shares to Tesco. Home Plus. Tesco agreed to purchase 36 hypermarkets with a combination of food and non-food products from E-Land for $1.9 billion (£976 million) in its biggest single acquisition. It now operates from 97 stores and 16 service stations. Tesco entered Turkey in 2003 and uses the trading name "Kipa". currently has 66 outlets. In September 2005. Tesco Lotus claims to serve 20 million customers every month and that 97% of its goods are sourced from Thailand. Taiwan Tesco entered Taiwan in September 2004.Wikipedia. There are currently four Tesco Extra stores in Slovakia – three in Bratislava and one in Zvolen. The company is keen to promote its green values and has partnered with the UNEP. Tesco sold its stores in Taiwan to Carrefour. Turkey Main article: Tesco Kipa Tesco-Lotus superstore in Sakon Nakon. Tesco remains focused on building infrastructure in Turkey to complete its expansion plans and has already introduced 15 of 28 16/3/2012 9:02 AM . Tesco's South Korean discount store chain. Poland South Korea Main article: Home plus Tesco. Tesco Lotus sells a diverse range of products from value food products to electronics to personal finance services. Slovakia as part of a pilot project for Tesco in the region. making Tesco the second largest in the country. Thailand. It operates both hypermarkets and its express format as well as a home delivery shopping service. just behind Shinsegae Group.Tesco . However. Kamenné námestie.
The figures in the table below include 52 weeks/12 months of turnover for both sides of the business as this provides the best comparative.92 26. The company established its U.44 15.336 2.899 1. on the West Coast (Arizona. which run for 52 or 53 week periods to late February. California and Nevada. Turkey.wikipedia. and the first store opened in Hemet. Although the planned rate of expansion was not maintained.166 2.653 24 February 2001 20.600 1. 52/3 weeks ended Turnover (£m) Profit before tax (£m) 3.974 28 February 2004 30.814 22 February 2003 26.66 28.07 9. largely because of the recession.10 31.Tesco .36 19.54 12. United States Main article: Fresh & Easy Tesco entered the United States grocery market in 2007 through the opening of a new chain of convenience stores.337 23 February 2002 23. Tesco Kipa Extra Balçova in September 2010.653 2.366 1. A Fresh & Easy store in Summerlin.300 26 February 2005 33.29 10.576 1. California in November 2007. with 100 more planned in the first year. California.12 26 February 2011 67. the free encyclopedia http://en.201 1.803 2.452 As of its 2006 year end Tesco was the fourth largest retailer in the world behind Wal-Mart.962 1.S. There are plans to increase the rate of expansion as basic infrastructure is built.361 1. headquarters in El Segundo.671 2. Carrefour and Home 16 of 28 16/3/2012 9:02 AM .158 28 February 1998 16.796 27 February 1999 17.298 24 February 2007 46.537 28 February 2009 54.988 26 February 2000 18.95 22. a store opening every two-and-a-half days. All figures below are for the Tesco's financial years.100 946 830 767 674 606 532 Basic earnings per share (p) 33.573 27 February 2010 62.300 23 February 2008 47.054 933 842 760 Profit for year (£m) 2.70 17. The first Tesco Extra in Turkey opened in Izmir.05 11.org/wiki/Tesco the Tesco Express format into Turkey.05 13. as of August 2011 Fresh & Easy operated 182 stores across Arizona.176 3. Nevada. United States Financial performance Tesco is listed on the London Stock Exchange under the symbol TSCO.535 3. California and Nevada). Up to 27 February 2007 period end the numbers include non-UK and Ireland results for the year ended on 31 December 2006 in the accounting year.14 8.Wikipedia.600 25 February 2006 38.128 2.130 1.210 1. named Fresh & Easy.
1% UK market share Advertising Tesco have used many television adverts over the years. as Dotty Turnbull Adverts in the late '90s had Prunella Scales as Dotty Turnbull. but METRO's sales include many billions of wholesale turnover.040.0% 0.1% 11." which was made in 1982. check it out".2% in the 12 weeks to 8 August 2010.Wikipedia.000 m2) of floorspace and 1.S.000 square feet (375.3% 0. of which 9. Prunella Scales. during which its underlying pre-tax profits increased by 10. and its retail turnover is much less than Tesco's. In 2003. arguing arguing about Tesco prices about Tesco prices. In July 2007 a DVD containing adverts from 1977–2007 was given to all members of staff.000 will be in the UK. Tesco moved ahead of Home Depot during 2007. METRO was only just behind and might move ahead again if the euro strengthens against the pound. This advert had synth pop music as the backing and people singing "Check it out. Tesco's most famous advert was "Checkout 82.Tesco .5% 17. Late 2000s adverts have included many celebrities and celebrity voice-overs such as The Spice Girls and the voice of actors James Nesbitt and Jane Horrocks." In 1977 an advert was made where a till showed the prices to many items such as "baked beans 121/2p". adverts showed items and shopping trolleys talking about Tesco.000 m2) of floorspace. the free encyclopedia http://en.000 square feet (2. Corporate social responsibility 17 of 28 16/3/2012 9:02 AM .700. In 2011 the retailer reported its poorest six-monthly UK sales figures for 20 years. Tesco made record profits for a British retailer in the year to February 2010.wikipedia. Despite being in a recession. Tesco's share of the UK grocery market in the 12 weeks to 7 August 2011 was 30.1% 16.000 new jobs. where a till would have a receipt coming out of it with the prices on. UK market share According to Kantar Worldpanel. Early advertising stressed cheap prices and how to keep "The cost of living in check.5%.5% 0. dollar against the British pound.7% 0.from August 2011 August 2010 30.570. Tesco now plans to create 16. as a result of consumers' reduced non-food spending. down from 30.275 outside the UK with 4.org/wiki/Tesco Depot. following the sale of Home Depot's professional supply division and a decline in the value of the U.1% to £3. At 24 February 2007 Tesco operated 1.4 billion. Supermarket Tesco Asda Sainsbury's Morrisons Market share +/.988 stores in the UK with 27.
Tesco is involved in litigation. claims of unfair dismissal from staff. in which Tesco was cleared of responsibility for a staff member's failure to correct a misleading advert. However Intelligent Giving has criticised the company for directing all "staff giving" support to the company's Charity of the Year. A green vegetable sample from Tesco turned up methamidophos and monocrotophos.http://www.51% but not well with Sainsbury's 7. In 1992. usually from claims of personal injury from customers. a football competition for young players throughout the UK. and Tesco Supermarkets Ltd v Nattrass. £92 million of equipment went to these organisations. the use of which has been prohibited in China since the beginning of 2007. In September 2011 a Greenpeace report revealed that Tesco supermarkets in China were selling vegetables that contained illegal pesticides or at levels exceeding the legal limit. Tesco started a "computers for schools scheme".” Tesco's own labels for personal care and household products are moreover cruelty free .4 million libel damages claim for saying that Tesco was expanding aggressively at the expense of small local retailers. Writer and former MP Jit Siratranont is facing up to two years in jail and a £16. “Change for Good” as advertising.Tesco .this means. which reached the House of Lords. Criticism Main article: Criticism of Tesco Tesco have been criticised for aggressively pursuing critics of the company in Thailand.wikipedia.” They went on to call on the public “.who have children’s welfare at heart. in his role as chief executive of The Work Foundation recently praised Tesco for leading the debate on corporate responsibility.Wikipedia. offering computers in return for schools and hospitals getting vouchers from people who shopped at Tesco. which prompted the agency to say.. The scheme has been also implemented in Poland.. which is trade marked by Unicef for charity usage but not for commercial or retail use. and other commercial matters. to consider carefully who they support when making consumer choices. Two notable cases were Ward v Tesco Stores Ltd. Tesco served him with writs for criminal 18 of 28 16/3/2012 9:02 AM .02%.87% in 2006 of its pre-tax profits to charities/local community organisations. Until 2004. In 2009 Tesco used the phrase.org In June 2011. which set a precedent in so called 'trip or slip' injury claims against retailers. they are not tested on animals . Will Hutton.  Tesco in Evesham Litigation As with any large corporation.gocrueltyfree.org/wiki/Tesco Tesco has made a commitment to corporate social responsibility in the form of contributions of 1. the free encyclopedia http://en. This compares favourably with Marks & Spencer's 1. "It is the first time in Unicef’s history that a commercial entity has purposely set out to capitalise on one of our campaigns and subsequently damage an income stream which several of our programmes for children are dependent on. Starting during the 2005–06 football season. Tesco announced that it was working with 2degrees Network to create an online hub as part of its target to reduce its supply chain carbon footprint by 30% by 2020. the company now sponsors the Tesco Cup.
and then loaning out that money to overseas Tesco stores. Criticism of Tesco includes allegations of stifling competition due to its undeveloped "land bank". to Cayman Island-based companies set up by Tesco. DVDs and electronic games through its web site without charging VAT. so that profit can be transferred indirectly through interest payments. including VAT. These companies then lease the stores back to Tesco. In June 2008. In order of least time spent at the checkout. Tax expert Richard Murphy has provided an analysis of this avoidance structure. worth an estimated £6 billion. Tesco was in the process of selling its UK stores. Tesco continued to advertise on Fox News's controversial Glenn Beck Show even after 60 major US companies. Asda. identified by British magazine Private Eye. This scheme is still in operation and is estimated to be costing the UK exchequer up to £20 million a year in corporation tax. In 2009. Tesco was second and Sainsbury's and Morrisons joint third. PAYE and national insurance contributions on behalf of its employees and corporation tax on its profits.Tesco . Corporate tax structure In May 2007.org/wiki/Tesco defamation and civil libel. In December 2006 The Grocer magazine published a study that named Tesco as having the slowest checkouts of the six major supermarkets. 19 of 28 16/3/2012 9:02 AM . Tesco is more expensive: 975 (compared to 984 the previous week) and Tesco is the same price: 4324 (compared to 4996 the previous week). the other major supermarkets were Waitrose. and also avoid paying tax on continuing operation of the stores. The cancellations were largely a consequence of Beck's accusation that Barack Obama was racist and had a "deep-seated hatred for white people". The Grocer also named Asda as the cheapest UK supermarket (based on 33 items). the free encyclopedia http://en. (Survey carried out between 9 July 2007 and 11 July 2007) Tesco is cheaper: 1835 (compared to 1251 the previous week). The Guardian claimed that this arrangement would enable Tesco to avoid an estimated £1 billion tax on profits from the property sales. excise duty and fuel duty on behalf of its customers. Somerfield had the shortest queues with an average wait of 4 min 23 seconds. Legal action against The Guardian newspaper In February 2008 a six-month investigation by The Guardian claimed that Tesco had developed a complex taxation structure involving offshore bank accounts in the tax haven of the Cayman Islands. Tesco price check tends to differ saying out of 7134 (compared to Asda) products. At the time. The scheme. pulled their advertisements. Another scheme previously identified by Private Eye involved depositing £1 billion in a Swiss partnership. the government announced that it was closing a tax loophole being used by Tesco. Tesco defended its tax arrangements. Morrisons.wikipedia. The operation had previously been run from Jersey. it was revealed that Tesco had moved the head office of its online operations to Switzerland. utilises offshore holding companies in Luxembourg and partnership agreements to reduce corporation tax liability by up to £50 million a year. but had been closed by authorities who feared damage to the island's reputation. and a number of UK companies. and breaching planning laws.Wikipedia. as the rate of corporation tax in the Cayman Islands is zero. This allows it to sell CDs. Sainsbury's. saying it had a legal duty to its shareholders to organise its affairs in a tax-efficient manner and pointing out that the company already pays significant amounts of tax.
evolved into a violent clash between opponents and police. Clive. ISBN 75272130. London: Constable. Further reading MacLaurin. and corporate tax at around 30%. The use of Cayman Island companies in the scheme was for legitimate stamp duty savings purposes. ISBN 9780749447526. Leeds: University of Leeds. Hertfordshire.Wikipedia. Plans for a large Tesco store in St Albans. Birmingham fought to maintain the historic alcohol free status of the area. SDLT is levelled at 4%." Costs were paid by the newspaper with undisclosed damages being paid to charity.org/wiki/Tesco Following these revelations. Stokes Croft. Opponents have suggested that the store would damage small shops and harm the character of the area. so the figure of £1 billion tax avoided by Tesco has been revised to an estimated £90–£100 million. In June 2008. See also List of supermarket chains in the United Kingdom 20 of 28 16/3/2012 9:02 AM . to prevent it selling alcohol in its local outlet. attracted widespread local opposition. All profits generated by this sale and leaseback arrangement were earned by UK tax-resident companies and have been or will be included in Tesco's UK tax returns. Tim (2006). Simms. In March 2007 residents in Bournville. Terry & Phillips. ISBN 1845295110. bars or fast-food outlets in Bournville. On three occasions when the government has closed a loophole to prevent avoidance. Tiger by the Tail: A Life in Business from Tesco to Test Cricket. This led to the formation of the "Stop St Albans Tesco Group". and police reported the seizure of petrol bombs. in winning a court battle with Tesco.wikipedia. St Albans Council refused planning permission for the proposed store. According to the Guardian. longstanding opposition to a Tesco Express store in Cheltenham Road. in some cases. and not corporation tax as originally thought. Scoring points : how Tesco continues to win customer loyalty. Opposition to expansion Tesco's expansion has not been without criticism and. No shops are permitted to sell alcohol in the area and there are no pubs. Fair-Trade and the growth of ethical consumerism within the mainstream : an investigation into the Tesco consumer. "Tesco has been involved in a game of cat and mouse with HM Revenue & Customs since 2003. ISBN 0330373714. Andrew (2007). Tesco still has 36 stores wrapped up in UK limited partnerships—with Cayman Islands registered partners—which were established in 2006 before the latest loophole was closed. Tesco dropped the legal action after The Guardian apologised for its story. Bethany (2006). Nash. Hunt. the free encyclopedia http://en. The recently-opened storefront was heavily damaged." In September 2008. Tesco has taken advantage of ingenious schemes to get around it. Bristol. In April 2011. London: Pan Books. London & Philadelphia: Kogan Page. Sir Ian (1999). acknowledging "These damaging allegations were unfounded and should not have been published. several MPs called for an inquiry into Tesco's tax avoidance schemes. Further investigations by The Guardian discovered that the tax structures were aimed at avoiding Stamp Duty Land Tax. Tesco issued a writ for libel against The Guardian five weeks later. active opposition. Humby. Tescopoly: how one shop came out on top and why it matters.Tesco . Tesco denied that it had avoided paying £1 billion corporation tax but for legal reasons refused to answer further questions or to clarify the purpose of the tax structure they had created.
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