Tesco
Logo used since 1995 | |
| Formerly | |
|---|---|
| Company type | Public |
| LSE: TSCO FTSE 100 Component | |
| ISIN | GB00BLGZ9862 |
| Industry | Retail |
| Founded | 1919 Hackney, London, England, UK |
| Founder | Sir Jack Cohen |
| Headquarters | Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, England, UK |
Number of locations | 4,673 (2021)[3] |
Key people | |
| Products |
|
| Brands |
|
| Revenue | £67.673 billion (2024)[6] |
| £2.829 billion (2024)[6] | |
| £1.192 billion (2024)[6] | |
| Total assets | £16.606 billion (2024)[6] |
| Total equity | £11.665 billion (2024)[6] |
Number of employees | 330,000 (2025)[7] |
| Divisions |
|
| Website | tesco tescoplc |
Tesco plc (/ˈtɛs.koʊ/) is a British multinational groceries and general merchandise retailer headquartered in the United Kingdom at its head offices in Welwyn Garden City, England.[8] The company was founded by Sir Jack Cohen in Hackney, London, in 1919. In 2011, it was the third-largest retailer in the world measured by gross revenues[9][10] and the ninth-largest in the world measured by revenues. It is the market leader of groceries in the UK (where it has a market share of around 28.4%).[11][12] As well as the United Kingdom, Tesco has stores in Czechia, Ireland, Slovakia, and Hungary.
Since the 1960s, Tesco has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecommunications and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost "Tesco Value" range (launched 1993[13]) and premium "Tesco Finest" range.
Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
- ^ "Certificate of incorporation". Companies House. 27 November 1947. Retrieved 6 August 2023.
- ^ "Certificate of re-registration from Private to Public Limited Company". Companies House. 14 December 1981. Retrieved 6 August 2023.
- ^ "Five Year Record". Tesco plc. Archived from the original on 25 March 2023. Retrieved 15 February 2023.
- ^ Butler, Sarah (17 February 2015). "Tesco announces John Allan as new chairman". The Guardian. Archived from the original on 2 March 2022. Retrieved 28 August 2015.
- ^ Wood, Zoe; Makortoff, Kalyeena (2 October 2019). "Boots 'lifer' to replace Dave Lewis at helm of Tesco". The Guardian. ISSN 0261-3077. Archived from the original on 30 June 2020. Retrieved 29 June 2020.
- ^ a b c d e "Annual Report 2024" (PDF). Tesco plc. Retrieved 9 February 2025.
- ^ "About us". Tesco. Retrieved 9 February 2025.
- ^ "Contacts". Tesco PLC. Archived from the original on 26 April 2016. Retrieved 20 January 2016.
- ^ Potter, Mark (16 February 2011). "Tesco to outpace growth at global rivals – study". Reuters. Archived from the original on 20 February 2011. Retrieved 25 February 2011.
- ^ "Global Powers of Retailing 2010" (PDF). Deloitte. Archived from the original (PDF) on 9 November 2012. Retrieved 18 August 2010.
- ^ "Our businesses". Tesco PLC. Archived from the original on 28 January 2018. Retrieved 13 April 2018.
- ^ Finch, Julia (2 February 2010). "Tesco opens its first zero carbon store". The Guardian. UK. Archived from the original on 28 September 2013. Retrieved 1 September 2010.
- ^ "Tesco: How one supermarket came to dominate". BBC News. Archived from the original on 26 September 2014. Retrieved 18 October 2014.