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Words: | Submitted: Mon Jun 19 2006
... Tesco, Tesco Direct, is now the world's biggest grocery business with an estimated value of around £4 billion and they claim it's already making money. Tesco's finance director Andrew Higginson feels Tesco Direct is turning a profit on its annualised sales figures of £125 million and predicts sales of over £300 million for next year. Tesco Direct currently offers its services to around 40 per cent of the UK's population, but it plans to reach 90 per cent by the end of the year. In January this year the service had 250,000 registered customers and was taking around 4,000 orders a day with customers spending on average between £85 and £90 per order. Tesco is one of the first bricks and mortar businesses to set up a profitable Web site. ROI is the amount of money you get In return compared to the amount you invested in ...
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