How many tesco stores

Tesco is said to be looking at building 1, new homes over , mostly to be concentrated around London. Some councils are suggesting that supermarkets build affordable housing in exchange for planning consent. Tesco is said to be working with a mix of partners including housing associations and construction companies. During the late 90s Tesco launched, amongst other things, a visa card, home insurance, motor insurance, pet insurance and travel insurance.

Tesco Personal Finance has proved a big success as one of Europe's fastest growing financial service providers, with over 4 million customer accounts by August , and 50, new accounts opening each week. In Tesco. The term 'Tesco law' was coined by Lord Falconer in July when he announced a regulatory review of legal services. One of the things up for discussion was whether supermarkets should be allowed to offer off-the-shelf legal services.

Despite claims that they have no immediate plans to offer legal services, Tesco is one among several supermarkets who appear to see it as a natural progression from selling credit cards and insurance. In June , the Government announced that non-legal companies could sell legal services, and Tesco responded by offering shoppers the chance to purchase documents such as do-it-yourself wills, rental agreements and a number of legal advice handbooks online. Visitors on the Tesco website can also search for lawyers in their area and buy various services, such as will storage, from legal services provider Lawpack.

Under current regulations, Tesco is unable to develop this trend further and offer its own specialist legal advice to customers, but must instead refer them to Law Society regulated solicitors. Tesco's huge growth in this country is a hard act to follow. This is a whole new ball game, bringing into play competition with large firms from other countries, such as US retailing giant Wal-Mart and French multinational Carrefour.

It has also recently bought chains in Turkey and Japan and is in the process of negotiating expansion into China. The growth has been especially marked in Asia, where the underlying group profit rose In most countries Tesco's preferred tactic seems to be to buy an existing retail chain, or a significant share of one, and turn it into a Tesco subsidiary.

Then it can begin the usual tactics undercutting local traders, aggressively competitive pricing, selling petrol, launching loyalty card schemes, 24 hour opening and so on.

Tesco has favoured large hypermarkets for its international stores, since in most countries it is easier to get planning permission for these than it is in the UK. Tesco is also opening petrol stations in Hungary, Ireland and Thailand. According to David Hughes, professor of agribusiness and food marketing at the Centre for Food Chain Research at Imperial College in London, supermarkets from rich countries feel obliged to do this because,.

Their domestic markets are saturated, so they are looking for countries with large populations, high population growth, per capita GDP edging toward consumer levels, high income growth, and low supermarket presence.

Countries with all five of these characteristics are a good bet, and companies rush to get there before everyone else. The rest of this section surveys Tesco's international activities and corporate crimes on a country-by-country basis.

The arrival of Tesco and the other major international supermarkets means that retail patterns are rapidly changing in the developing world. A survey from the International Food Policy Research Institute suggests that farmers in Asia are having a hard time getting used to the procurement systems supermarkets set up. Rather than growing their produce and taking it straight to a market, they have to deal with a new chain of middlemen such as procurement officers, wholesalers and so on.

They also have to deal with supermarkets' standards of uniformity in shape and size, meaning that a lot of produce is rejected. Once the food has been grown, and if the supermarket chooses to accept it, farmers can also have trouble with transporting it. Payment is then often delayed for up to 60 days after the product has been delivered, too long for many people to wait.

The system is set up so that supermarkets only have to deal with a small number of large and often mono-cultural farms, a fundamental change from the way food has traditionally been produced which means that a lot of small farmers who are used to producing a variety of crops will have to either make radical changes to their practices or go out of business.

The Malaysian and Thai governments are clearly concerned about Tesco's power and are making attempts at curbing it. Tesco's entry into both Thailand and Malaysia seems to have prompted a new wave of legislation aimed at reducing the power of foreign supermarkets and big business. However, Asian governments may feel they are treading a fine line between on the one hand encouraging foreign investment and boosting their country's economy, and, on the other, letting multinational chains take over at the expense of local traders.

But then they don't always have a choice, since they risk WTO action if they take measures to restrict the power of the multinationals. For example, the Thai government in November withdrew plans to legislate against foreign-owned supermarkets - who now control more than half the Thai market - by restricting their opening hours 'because it feared retaliation under international trade rules'. The Thai Prime Minister, Thaksin Shinawatra, told a meeting of small shopkeepers, 'We already have existing laws that can be modified and enforced quickly, which won't be viewed as a trade discrimination practice.

Why don't we use them? From now on, there won't be a new law, just let it rest. It has a total of stores, covering 9. Tesco first moved into Thailand in by buying a large stake in the Thai-owned Lotus chain of convenience stores. During , Tesco also plans to buy the remaining stake in Tesco Lotus. When it entered the Thai market, Tesco was keen to point out that it would be sourcing produce locally, employing local people, and generally benefiting the local economy - 'the company is committed to helping its local suppliers access local and international markets, and sell to multinational retailers, by helping them improve their quality and service standards' [47].

However, today, it is embroiled in accusations of unfair trading practices and conflicts with local businesses:. Tesco was very vocal about its intentions to source products locally. This sounds good, but it is hard to believe Thai farmers can keep working on a human scale when trying to supply produce for 47 hypermarkets. Even where Thai products are being used, they are still likely to have been intensively farmed at the expense of small farmers, traditional farming methods and the environment.

The use of centralised distribution centres also means that even if a product is produced locally, it has probably been on an epic journey before it reaches the supermarket. Sourcing local produce does not mean treating local suppliers any better. In July Tesco Lotus was taken to court along with several other international retail chains including Carrefour, and found guilty of charging slotting fees to carry manufacturers' products, charging entry fees to suppliers, advertising fees and product display fees, and displaying own-brand products next to similar branded products.

It is impossible for Tesco to honestly claim to benefit the local economy. It may be increasing the general traffic of money in the area where it sets up new stores — i. The vast majority of profit goes towards making the corporation — and the directors and shareholders — even richer. In the words of Boonyoong Vimuttayon, a Bangkok grocery store owner whose sales have declined by more than half since a Tesco Lotus store opened on his street four years ago:. However, it seems to be starting a war — of prices, opening hours, and so on - that local retailers cannot possibly compete in.

It seems unlikely that Tesco would even consider taking such a risk in its UK stores, where GM is firmly on the agenda as a consumer issue. A Greenpeace campaigner said:'The loopholes in the labelling law allow multinational companies to dump GM soya into Thailand.

It is time to make this law stricter to protect consumers and give them a genuine right to know. Greenpeace South-East Asia continues to campaign against the use of poorer countries as 'GM guinea pigs'. Tesco has had a presence in Malaysia since , and now has five stores and two more planned for Previous Next. Keep up to date with all things Tesco Sign up to receive the latest updates. Close this panel Company updates News releases Financial calendar.

Blogs Results. People Health Packaging. That's because many of the companies Tesco acquired were absorbed or rebranded as Tesco properties. This has occurred over a period of 60 years and appears to be a method for going forward for Tesco even today. Company Profiles. Dividend Stocks. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Read more. How many Tesco stores are there in the UK? Tesco operates 4, stores in the UK and the Republic of Ireland including franchise stores.

Store numbers have been increasing since The company had the biggest increase in store numbers in with more stores compared to the previous financial year. In comparison , , and , and saw only a minor growth in store numbers. Company profile The multinational-operating grocery and general merchandise retailer Tesco PLC was founded in by Jack Cohen Their product portfolio includes food and beverages, clothing, home appliances, and financial services.

Tesco is one of the leading supermarket brands in the United Kingdom UK , consistently ranking highest in terms of grocery market share. The company is headquartered in Hertfordshire, England and employs roughly , people worldwide. Tesco operates almost 5, stores around the world.

In the UK, they provide about six different store formats to their customers which vary in size and product range. Tesco Superstores, for example, are standard large supermarkets that sell mostly food products and a much smaller range of non-food products in comparison to Extra stores.

Additionally, they sell products in stores located in other European and Asian countries. The latest business figures showed that discount stores are gaining more and more market share as customer spending moves from traditional retailers to discounters, such as Lidl or Aldi. You need a Single Account for unlimited access. Full access to 1m statistics Incl.