history of tesco.docx

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History of tesco The first person that started Tesco’s was Jack Cohen who originally owned Tesco’s. Jack Cohen was the son of a Jewish sailor. On the first day of selling stock at the market he made a profit of one pound. When he made money he used the money to buy goods. He bought goods that other store didn’t sell in their store. Jack Cohen was the person who founded the name for Tesco, after he bought a large shipment of tea in 1924. He used the three first letters from the name of the tea suppliers name “T.E” stock well and add his own surname then this formed the “Tesco”. By 1939 he opened hundred of stores. When he opened hundred of stores he went to America for

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Page 1: History of tesco.docx

History of tesco

The first person that started Tesco’s was Jack Cohen who originally owned Tesco’s. Jack Cohen was the son of a Jewish sailor. On the first day of selling stock at the market he made a profit of one pound. When he made money he used the money to buy goods. He bought goods that other store didn’t sell in their store.

Jack Cohen was the person who founded the name for Tesco, after he bought a large shipment of tea in 1924. He used the three first letters from the name of the tea suppliers name “T.E” stock well and add his own surname then this formed the “Tesco”. By 1939 he opened hundred of stores. When he opened hundred of stores he went to America for

Page 2: History of tesco.docx

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Jack Cohen, the son of Jewish migrants from Poland, founded Tesco in 1919 when he began to sell war-surplus groceries from a stall at Well Street Market, Hackney, in the East End of London.[10] The Tesco brand first appeared in 1924. The name came about after Jack Cohen bought a shipment of tea from Thomas Edward Stockwell. He made new labels using the first three letters of the supplier's name (TES), and the first two letters of his surname (CO), forming the word TESCO.[10] The first Tesco store was opened in 1929 in Burnt Oak, Edgware, Middlesex. Tesco was floated on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited.[10] The first self-service store opened in St Albans in 1956 (which remained operational until 2010 before relocating to a larger premises on the same street, with a period as a Tesco Metro), [14] and the first supermarket in Maldon in 1956. In 1961 Tesco Leicester made an appearance in the Guinness Book of Records as the largest store in Europe

Tesco membuka gedung pertama di Malaysia pada 2002. Tesco Malaysia kini mengoperasi 30 gedung Tesco dan Tesco Extra. Tesco membina usahasama dengan Sime Darby yang memegang 30% saham.[4] Tesco turut mengambil alihMakro yang dijenama semula kepada Tesco Extra. Tesco Malaysia clubcard memperkenalkan Green ClubCard Points pada 2007 menjadikan Tesco Malaysia perniagaan antarabangsa Tesco pertama untuk memperkenalkan skim (Green ClubCard Points).[5]