Strengths Increasing market share Tesco holds a 13% share of the UK sell market. Its multi-format capability means that it leave continue to grow share in food, while increasing space contribution from hypermarkets will entrust it to drive a higher share in non-food. Tescos general growth and ROI show no sign of abating. In the UK, Tescos late 2002 investment into West-midlands based convenience retention class T&S was billed as the most aggressive move into the neighborhood market by a big-name retailer so far. The deal has turned Tesco into the uncouths second biggest convenience store chain after the Co-operative Group, and the party also plans to open up 59 new stores in the UK this year. Tesco has grown its non-food division to the extent that itsevenues at once total 23% of total group earnings. Tescos international business divide is growing steadily, and is predicted to contribute nearly a quarter of group profits over the next five years. If geographical spread continues to grow, this will ensure Tescos continued regional strength. redress In fiscal 2003 Tesco Personal Finance reached the milestone of one million motor redress policies, making it the fastest growing motor insurance supplier ever.
The groups instant travel insurance allows Clubcard holders to demoralize their holiday insurance conveniently at the checkout. Pet insurance now has over 330,000 cats and dogs covered, while the life insurance policy followed on from the success of choke year, when it was voted The Most Competitive Life Insurance Provider in the MoneyFacts Awards 2003. Tesco online Tesco.com is the worlds biggest online supermarket and this year the group had sales of over £577 million, an increase of 29% on last year. Tesco online now operates in over 270 stores around the country, covering 96% of the UK. With over a million households nationwide having used the companys online services, the company has a strong platform to further build up this...
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