Tesco Plc
1.1 TOPIC CHOSEN
This research analysis report is based on topic 8,the business and financial performance of organisation over a three year period. I have chosen to analyse the financial and business position of Tesco Plc. The analysis is carried from an investor’s point of view and will be achieved by evaluating key financial ratios, past trends and other key aspect to make investors in making investment decision while also making a comparison with its close rival J.Sainsbury Plc.
1.2INTRODUCTION OF THE COMPANY CHOSEN
Tesco plc is a UK based company. It is largest British retailer by both global sales and domestic market share with profits exceeding £3 billion. It is currently third larges retailer based on revenue behind Wal-mart and France Carrefour but is second largest based on profit ahead of Carrefour. It has diversified market such as food, drink, clothing, consumer, electronics, financial services, telecoms, home, health, car insurance.
Tesco was founded in 1919A.D in East London by Jack Cohen. It consists of employees approximately 440000(2008) and number of stores approximately 3729 (2008).Tesco’s UK stores are divided into six forms, differentiated by size and the range of products sold. They are Tesco extra, Tesco, Tesco metro, Tesco express, one stop, Tesco Home plus.
Tesco’s market share in UK is 30.9% .Here is the chart which shows the Tesco market share with its competitors. Tesco market share is nearly double of its competitors.
According to Citi group retail analyst David McCarthy “Tesco has pulled off a trick that I ’m not aware of any retailer achieving that is to appeal all segments of the market”. Its biggest strategy has been Tesco’s use of its own brand products from finest, mid-range and low price.
1.3 REASON FOR CHOOSING THE TOPIC
I have chosen this topic of analysing the financial position of Tesco Plc because of my interest in retail market and I also wish to develop my career in this field. As we all know Tesco is the UK
This research analysis report is based on topic 8,the business and financial performance of organisation over a three year period. I have chosen to analyse the financial and business position of Tesco Plc. The analysis is carried from an investor’s point of view and will be achieved by evaluating key financial ratios, past trends and other key aspect to make investors in making investment decision while also making a comparison with its close rival J.Sainsbury Plc.
1.2INTRODUCTION OF THE COMPANY CHOSEN
Tesco plc is a UK based company. It is largest British retailer by both global sales and domestic market share with profits exceeding £3 billion. It is currently third larges retailer based on revenue behind Wal-mart and France Carrefour but is second largest based on profit ahead of Carrefour. It has diversified market such as food, drink, clothing, consumer, electronics, financial services, telecoms, home, health, car insurance.
Tesco was founded in 1919A.D in East London by Jack Cohen. It consists of employees approximately 440000(2008) and number of stores approximately 3729 (2008).Tesco’s UK stores are divided into six forms, differentiated by size and the range of products sold. They are Tesco extra, Tesco, Tesco metro, Tesco express, one stop, Tesco Home plus.
Tesco’s market share in UK is 30.9% .Here is the chart which shows the Tesco market share with its competitors. Tesco market share is nearly double of its competitors.
According to Citi group retail analyst David McCarthy “Tesco has pulled off a trick that I ’m not aware of any retailer achieving that is to appeal all segments of the market”. Its biggest strategy has been Tesco’s use of its own brand products from finest, mid-range and low price.
1.3 REASON FOR CHOOSING THE TOPIC
I have chosen this topic of analysing the financial position of Tesco Plc because of my interest in retail market and I also wish to develop my career in this field. As we all know Tesco is the UK