The Sales of Tesco Plc in United Kingdom reached USD 55,157.14 Million in 2020
The indicator recorded a historical growth (CAGR) of 1.42% between 2017 to 2020
Apparel
The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing.
The UK apparel retail market experienced weak growth in the historic period and was pushed into a steep decline in 2020, primarily due to the impact of the COVID-19 pandemic. The market is expected to make a strong recovery in 2021 and will continue to grow until 2022.
Company overview
Tesco PLC (Tesco or 'the company') is a food and grocery retailer that operates a network of hypermarkets, supermarkets, and convenience stores. The company offers beverages, fresh food, a bakery, frozen food, clothing, grocery, garden, and baby products.
It also offers flowers and plants, toys, wine, home furnishings, technology and gaming, household appliances, health and beauty products, sports and leisure, consumer electronics and electrical goods. Tesco markets its products under the brand names of Tesco, Free From, Finest, Jack’s, Tesco Lotus, Tesco kipa, Tesco Bank and F&F Clothing. It has a business presence across Europe. The company is headquartered in Welwyn Garden City, Hertfordshire, the UK.
It also offers banking products and services. The company operates many stores and franchise stores.
The company operates through four three reportable segments: The UK and Republic of Ireland (UK and ROI); Central Europe; and Tesco Bank.
Under the UK and ROI segment, Tesco offers a range of products through a network of stores and online platforms. It also offers a wide array of financial services under the brand, Tesco Personal Finance.
The company carries out its business through multiformat stores and online. It operates stores in various formats differentiated by size and range of products sold, including large, small, dotcom only and one-stop.
Tesco offers a wide array of food and non-food products, including fresh food, drinks, bakery, grocery, home and entertainment products, baby products, toys and games, garden, clothing, household appliances, frozen food, pets, health and beauty products and consumer electronics and electrical goods. It also provides retail banking and insurance services through Tesco Bank in the UK. The company has a business presence across Europe and the UK.
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