Tesco Anaylsis Strategy

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Free Essays - Business Essays Improving Training and Development In Tesco Introduction to Tesco Tesco can be said to be a global leader in the retail business. It is one of the leading world retailers. The company started using the trading name TESCO in the 1920s and since the group has expanded in many ways venturing in different markets and with interest in different sectors. Over the years, Tesco has recorded growth which has been achieved through different strategies. The company has adopted its growth strategy which has been implemented in four different parts. One has been emphasis on the growth of Core UK business in order to expand internationally. This growth has allowed that company to position itself in food and non-food sectors based on retailing services. Over the years, the company has witnessed financial fortunes which have been reflected in its growing sales. Sales have risen from 22.6 million pounds in 2001 to 43.1 million pounds in 2006. This has been achieved through growth strategies which have seen the company expand its retail outlets and at the same time enter into new markets with high growth potential. At the same time, the company has experienced growth in profit. It profits margin has continued to grow in line with its growing sales. It profits have increased from 1,322 million pounds in 2001 to 2,280 million pounds in 2006. Currently the company has more than 3,262 stores in Europe and Asia. It is also planning to open some 574 more stores in its traditional market. In the UK the company has implemented a growth strategy which has seen it emerge as the market leader in all its areas of operation. The growth strategy in the UK has taken a multi-format style with different investments in different areas of operation. The company has considered UK as a competitive market which can help it to expand to other international

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