British multinational grocery and general merchandise retailer.
In 1919, Jack Cohen began selling surplus groceries in the East End of London. He later teamed up with supplier T.E. Stockwell to offer their own brand of tea, “Tesco” (an amalgamation of their names). By 1929, the first Tesco store had opened, offering dry goods in north London. There would be over 25 years of expansion until the first Tesco supermarket opened in 1958.
Today, Tesco operates supermarkets in 13 countries, in addition to banking and petrol services. Tesco serves over 500,000 customers each week with its online business and a reported revenue of $75.4 billion in 2017.
Tesco opened the world’s first zero-carbon supermarket in Ramsey, Cambridgeshire in 2010, as part of the company’s commitment to becoming a zero-carbon business by 2050.
