£1 in every £3 spend in high Street spend at Tesco!(UK/BG)

tHEY HAVE ANNOUNCED PROFITS OF £900 million for the first quarter.

£900 million!!!! Man I need to learn about budgeting!

They are increasing complaints/concerns that they may be pushing the competition out.

Tesco leapt in sales and profits when they went heavily into electrical goods. These are high numbers of £ per unit (£200 T.V as opposed to 30p Baked beans) sold, and the profit margins are higher than groceries.

It would be interesting to see what share of the pure grocery market they have nowadays, taking the electrical stuff out of the equation.

If anything, I think Tesco will damage companies like Curry's, Dixon's and other such retailers, rather than their competitors in the pure grocery market.

They are said to have 30% of the grocery market.

I should point that that that £1 in £3 is the amount spend at supermarkets

Tesco amount for £1 in every £7.50 spend in high street.

33p out of £1 of all grocery sales are spend at Tesco.

I understand that there are groups campaigning against stores being opened.eg.Tescopoly and Tescno.

Is TESCO a subsidiary of Wal-mart? It sure sounds that way!
This seems to be a familiar trend in the world these days...one competitor making it in the spotlight with all the right products and services...they last a few years and then become defunct. Has TESCO always been the super power it has been or is that recent.

The last time I lived in the UK (about 12-15 years ago) I don't remember seeing/hearing too much about it. Then again I was quite young....

Tesco has been around a long time; I'm sure I saw a big one in Liverpool 25 years ago...

Tesco is not a subsiaricy of Walmart(ASDA IS HOWEVER)