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Tesco plc (/ ˈ t ɛ s. k oʊ /) is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. [8] The company was founded by Jack Cohen in Hackney, London, in 1919.
In 1970/71 the group turnover was £7,740,000 with a profit before tax of £263,492. In 1973 the group became Maples-Macowards after the furniture group Maple & Co was purchased for £14.4 million. Jessel Securities collapsed in 1974, and eight of the stores were sold to Owen Owen.
Tesco has expanded its operations from the United Kingdom to 11 other countries. Tesco pulled out of the United States in 2013, but continues to see growth elsewhere. 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, such as Samsung Group in South Korea (Samsung-Tesco ...
DFS - furniture; Halfords - auto parts and accessories; Matalan - clothing; Morrisons - grocery, general merchandise; Sainsbury's - grocery, general merchandise; Tesco Extra - grocery, general household merchandise, clothing, furniture and electronics; Marks & Spencer - clothing, home, food, beauty and M&S bank; Waitrose - food
This page was last edited on 10 January 2025, at 02:47 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Tesco has operated on the Internet since 1994 and started an online shopping service named 'Tesco Direct' in 1997. Concerned with poor web response times (in 1996, broadband was virtually unknown in the United Kingdom), Tesco offered a CDROM-based off-line ordering program which would connect only to download stock lists and send orders.