Tag Archives: tesco

Tesco on sale: good prices (and ideas) could help!

Tesco, the British-based international supermarket chain has reported only a 2 per cent rise in like-for-like UK sales over the past three months, its worst performance since the 1990s. People are abandoning Britain’s biggest supermarket in favour of its rivals that offer cheaper prices.

Tesco has begun to cut its prices. The discount supermarket sector is growing because of the economic turmoil: the rising inflation push shoppers to buy food & drink, clothing and electronics in the stores that offer the best deals.
Even if inflation is now falling back, the Bank of England is expected to cut interest rates to encourage shoppers to spend in the run-up to Christmas. Overall, total UK sales grew 5.9 per cent and group revenue across Tesco rose by 11.7 per cent over the past 3 months.

In changing times, companies must be prepared to change too in order to adapt to the current economic climate.

Tesco: an example of British success

Hello! Welcome back to our business blog. Do you need to do your food shopping? Here in London you can choose from supermarkets such as Sainsbury’s, Somerfield, Waitrose, Marks & Spencer and Tesco: there are stores everywhere, open everyday (also 24 hours per day). From getting to know London, it’s easy to understand that Britain’s largest supermarket chain is Tesco and why it has been able to spread abroad.

In fact, the UK company will open its first site in Mumbai by the end of 2009, investing millions to be able to open in Delhi, Bangalore and the surrounding areas as soon as possible. This news represents a new direction in the expansion of british businesses into Eastern economies.

Next to the big licensed chains, London also has Indian, Pakistan, Chinese and Thai shops to offer, and in the same way in few years the biggest Indian cities will host several british shops. So, European companies start to export their brand to developing countries. In our evermore globalised economy, these countries are rich markets into which new business can expand; Sir Terry Leahy, chief executive of Tesco, said: “This is another exciting development for Tesco. It complements our entries into China and the United States, giving us access to another of the most important economies in the world.”