About This Statistic
This statistic shows Tesco's revenue worldwide in 2016/2017, by region. In that year, Tesco's international revenue amounted to about 11.4 billion British pounds. According to the recent annual report, the total group sales amounted to 55.9 billion British pounds. The multinational-operating grocery and general merchandise retailer Tesco PLC was founded in 1919 by Jack Cohen (1898-1979). The product portfolio includes food and beverages, clothing, home appliances, and financial services. Tesco is one of the leading supermarket brands in the United Kingdom (UK), consistently ranking highest in terms of grocery market share. The company is headquartered in Hertfordshire, United Kingdom and employs over 500,000 people worldwide.
Tesco operates almost 7,000 stores around the world. In the UK, they provide about six different store formats to their customers which vary in size and range of products. Tesco Superstores, for example, are standard large supermarkets, selling mostly food products and a much smaller range of non-food products in comparison to Extra stores.
Most of Tesco’s annual revenue is generated from its key market: the United Kingdom. Additionally, they sell products in stores located in other European and Asian countries. Based on market share, Tesco’s main rivals in the grocery store business include Asda and Sainsbury’s. The latest business figures showed that discount stores are gaining more and more market share as customer spending tends to move from traditional retailers to discounters such as Lidl or Aldi.