Financial review of Tesco Bank in the United Kingdom (UK) 2018/19

This statistic presents the breakdown of the finances relating to Tesco Bank in the United Kingdom (UK) as of the year to date 2018/19. Tesco bank financial services generated a revenue of approximately 1.1 billion British pounds in this period. 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 that sell 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 moves from traditional retailers to discounters, such as Lidl or Aldi.

Financial breakdown of Tesco Bank in the United Kingdom (UK) in financial year 2018/19

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Source

Release date

April 2019

Region

United Kingdom

Survey time period

52 weeks ending February 23, 2019

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