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Tesco - A report

Tesco History

Jack Cohen who oringaly owened and started the Tesco empirour, it was started 80 years ago on a market stall. He was the son of a Jewish sailor and often the war he started by buying 30 pounds worth of army surplus rations. He would reliable the cans and tins. The on his first day of selling this stock at the market he made a profit of one pound. After selling all of this he had made him self some money to work with. He used this money to buy goods under handily these were often goods, which other stores would not sell.

Tesco as a name was formed when jack ha bought a large shipment of tea, in 1924. He then made the new labels for them using the first three letters from the name of the tea suppliers name "T.E.Stockwell" and then joined these will his own surname this then formed the name "TESCO".

He liked this name so much it became the companies own.

By 1939, his empire had groan and he had opened up one hundred stores. Jack then went to America for a holiday. Where he found the stores out there were all self-service, he thought this idea was great and could save him a lot of money in shop staff wages. He brought this idea back with him to England and set it up and found this method to be most successful and then introduced every shop to this. Jack then invited Critman his son in law to join his business. These pair often clashed over views as Critman was a businessman and Cohen was a market stall trader. Tesco then started their long running campaign to expand by buying up cheap chains of shop. He then owned...