Marketing Strategy of Tesco Case Study Example | Topics and Well Written Essays - 3000 words

Marketing Strategy of Tesco - Case Study ExampleFrom its humble beginnings, Tesco Plc has gained the reputation of being the largest British retailer in terms of global and local shares. It is estimated that in every 8 UK retail sales, 1 is spent on Tesco (Tesco Plc 2007). Recognizing the growth opportunities in the virtual marketplace, the giant retailer has decided to establish online presence during 1994. Three years after, Tesco has started an online shopping which it named Tesco Direct (Tesco Plc 2007). Since then, Tesco has started offering grocery and food items in its virtual store, Tesco.com. On August 2006, the company announced the offering of non-food items in its online store under the name Tesco Direct.This marketing strategy has proved to be very efficient and profitable for the retailing giant. During the fiscal year 2006, the company announced a total annual turnover of 33.974 billion and reported a pre-tax profit of 1.962 billion. Out of this, 1.2 billion is shared by Tesco.com in terms of total revenue and 83 million in terms of profit.