business
A01
Mortisha Thomas-Lockwood
Introduction
Tesco was first found in 1919 by a man called jack Cohen. He owned a little stall in London’s East End. He began by selling surplus groceries. On his first day Jack Cohen made a profit on sales on sales of £4. By 1924 Jack had sold his first own branded product, which was called Tesco tea. Tesco was formed by the initials of TE Stockwell, who was a partner in the firm and CO from Jack’s surname. In north London Jack opened the first TESCO, the store only held dry goods and Tesco’s tea. Tesco expanded but the word ‘superstore’ was first used when Jack opened a store in Crawley, West Sussex. In 1996 Tesco Became a UK business 24 hour trading, this helped customers shop whenever they wanted to. By 1999 Mobile phone went on sale in the UK stores and Tesco’s became the largest retailer of pre-paid mobiles. In 2001 F&F was launched also known as Florence and Fred clothing range. Tesco has now launched their first ever online grocery shopping services in central Europe in Prague, Czech Republic. Tesco is a Public Limited Company’s which means it’s a standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company’s stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for these shares. It is legal from more commonly used in the UK. Two or more people are required to form such a company, assuming it has a lawful purpose. Tesco is also a PLC which means it’s a British multinational grocery and general merchandise retailer headquartered in England, United Kingdom. It’s the second-largest retailer in the world measure by profits. Tesco is listed on the London Stock Exchange and had a market capitalisation of approximately £24.2 billion as of 15th January 2012. Tesco is the 15th largest of any company with a primary listing. Tesco has many businesses such as Tesco UK, Tesco China, Tesco in India, Tesco
Mortisha Thomas-Lockwood
Introduction
Tesco was first found in 1919 by a man called jack Cohen. He owned a little stall in London’s East End. He began by selling surplus groceries. On his first day Jack Cohen made a profit on sales on sales of £4. By 1924 Jack had sold his first own branded product, which was called Tesco tea. Tesco was formed by the initials of TE Stockwell, who was a partner in the firm and CO from Jack’s surname. In north London Jack opened the first TESCO, the store only held dry goods and Tesco’s tea. Tesco expanded but the word ‘superstore’ was first used when Jack opened a store in Crawley, West Sussex. In 1996 Tesco Became a UK business 24 hour trading, this helped customers shop whenever they wanted to. By 1999 Mobile phone went on sale in the UK stores and Tesco’s became the largest retailer of pre-paid mobiles. In 2001 F&F was launched also known as Florence and Fred clothing range. Tesco has now launched their first ever online grocery shopping services in central Europe in Prague, Czech Republic. Tesco is a Public Limited Company’s which means it’s a standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company’s stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for these shares. It is legal from more commonly used in the UK. Two or more people are required to form such a company, assuming it has a lawful purpose. Tesco is also a PLC which means it’s a British multinational grocery and general merchandise retailer headquartered in England, United Kingdom. It’s the second-largest retailer in the world measure by profits. Tesco is listed on the London Stock Exchange and had a market capitalisation of approximately £24.2 billion as of 15th January 2012. Tesco is the 15th largest of any company with a primary listing. Tesco has many businesses such as Tesco UK, Tesco China, Tesco in India, Tesco