Tesco is one of the universes leading international retailers. Since the company first utilise the trading name of Tesco, in the mid 1920s, the group has spread out into different formats, different markets and different sectors. Tesco sells a huge miscellanea of items from petrol to internet, from insurance to nutrient and even loans. Tesco is currently tone at expanding into the US, which is the largest GPD region in the world at well-nigh $13.67 Trillion.
Tesco has a long term strategy for growth, ground on four key parts: growth in the shopping mall UK business to expand by growing internationally to be as fast(a) in non-food as in food and to follow customers into new retailing services.
Tesco have stores in the UK and 11 opposite countries world wide. This amounts to a total of 3262 stores throughout the world and 1988 of these stores are situated within the UK. Tescos international stores are based mainly in Asia and Eastern Europe. The Asian countries are:
* mainland China - 47 stores to serve the worlds biggest populated country. (these 47 stores cover a massive 4.2Million square feet. This shows that they have numerous larger stores in China.
* Japan - 109 stores comprising of around 0.3million square feet. There are some(prenominal) smaller shops within Japan compared to China.
* Malaysia - Another Asian country with a much smaller population than China or Japan at only 27.5Milllion people at the ratiocination of December 07. Japan has 130Million and china 1.33Million. Malaysia has 19 stores with each beingness a possible 100,000 square feet.
* South Korea has 91 stores throughout the country for the population of 33 Million.
* Only the UK has more stores than Thailand with 370 stores.
* 638 other stores in Czech Republic, Hungary, Poland, Rep. of Ireland, Slovakia and Turkey
Tesco aims:
We aim to be as strong in non-food as we are in food
Tesco has many competitors within the UK and all over the world, they are ever expanding to flak to be the most popular.
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