About Tesco (TSCO)

Company Description:

Tesco PLC is a multinational groceries and general merchandise retailer. As one of the world's leading grocery stores, Tesco operates through a variety of store formats and is also increasingly active in the digital space with online grocery and general merchandise offerings.

The company was established by Jack Cohen in 1919, beginning as a market stall in London, UK. It has since grown to become a retail giant, currently headquartered in Welwyn Garden City, United Kingdom.

Main Product(s):

Tesco offers a wide range of products including food and non-food items, with a focus on grocery items. It operates through various store formats ranging from large-scale supermarkets to smaller convenience stores, as well as an online shopping platform.

Short History of Tesco PLC:

1919 - Tesco was founded by Jack Cohen in London.

1947 - Tesco Stores (Holdings) Limited listed on the stock exchange.

1956 - Opening of the first Tesco self-service store.

1995 - Tesco introduced the Clubcard, revolutionizing customer loyalty strategies.

2000 - Expansion into international markets began.

2014 - Tesco faced a financial scandal, leading to a significant corporate restructuring.

2017 - Acquisition of Booker Group, expanding into the wholesale sector.