The History of Tesco
Founded in 1919 by Jack Cohen, Tesco has grown to become one of the largest retailers in the world. Originally a market stall selling surplus groceries, the name ‘Tesco’ was a combination of the founder’s initials and the first two letters of the supplier’s name. Over the years, Tesco has expanded its reach and offerings, becoming a household name in the UK and beyond.
Tesco’s Values
Tesco’s mission is to serve its customers a little better every day. The company is committed to providing great value, choice, and service to its customers. Its core values include:
- Putting customers first
- Acting responsibly
- Respecting our people
- Delivering value
Tesco’s Impact
With over 6,800 stores worldwide and a revenue of £55.9 billion in 2020, Tesco is a major player in the retail industry. The company has also made strides in sustainability, with initiatives to reduce food waste and greenhouse gas emissions. Tesco’s Clubcard loyalty program is one of the most successful in the UK, with over 19 million members enjoying benefits and discounts.
Case Study: Tesco’s Response to COVID-19
During the COVID-19 pandemic, Tesco quickly adapted its operations to meet the needs of its customers. The company implemented safety measures in stores, expanded its online delivery service, and donated millions to food banks to support those in need. Tesco also launched a ‘Helping Everyone Eat Well’ campaign to promote healthy eating during challenging times.
Conclusion
Tesco is more than just a supermarket chain – it is a company dedicated to serving its customers, employees, and communities. With a strong focus on values, sustainability, and innovation, Tesco continues to be a leader in the retail industry.
