Tesco Offers – Tesco PLC is a multinational grocery and general merchandise retailer headquartered in the UK Welwyn Garden City, Hertfordshire, England, United Kingdom. It is the third largest retailer in the world measured by profit and the fifth largest retailer in the world measured by revenues. It has stores in 12 countries in Asia and Europe and is the grocery market leader in the UK (where it has a market share of around 28.4%), Ireland, Hungary, Malaysia and Thailand. Tesco was founded in 1919 by Jack Cohen as a group of market stalls. Name Tesco first appeared in 1924, after Cohen bought a shipment of tea from TE Stockwell and combined those initials with the first two letters of his last name, and store the first Tesco opened in 1931 (or 1929) in Burnt Oak, Barnet. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country.
Originally a grocery store retailer in the UK, Tesco has diversified geographically since the 1990s and in retail areas such as books, clothing, electronics, furniture, toys, gasoline and software; financial services; telecoms and internet services. The 1990s saw Tesco repositioned themselves; it moved from being a below-market high volume low cost retailer to one that appeals across many social groups, offering products ranging from his articles “Tesco Value” (launched 1993) in range its “Tesco Finest”. This expansion of its appeal was successful, and no chain stores increased from 500 in the mid-1990s to 2,500 stores, fifteen years later.