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Words: | Submitted: Thu Jul 11 2002
... has 15.5% market share in retailing in the UK. "It is fifty years since Jack Cohen opened his first self-service shop, and we expect Tesco stores in fifty years' time to be as different from those we know today as our current stores are to the stores of fifty years ago". Says Terry Leahy the chief executive of Tesco plc. And Tesco supermarkets has 659 stores including 38 newly opened stores in the UK. Retail sales of Tesco supermarkets were up by 7.4% to £17,070 million to £18,331 million and operating profit were up 8.1% from £919 million to £993 million. Tesco supermarkets in the rest of Europe has 167 stores including 11 newly opened stores and the sales of the supermarkets rose by 18.8% to £1,527 million from £1,285 million and operating profits were up 6.3% to £51 million from £48 million. Tesco supermarkets has 19 stores in Asia ...
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