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How is Tesco so profitable?
29th January 2023
In our new study video we look at some of the reasons why the UK retailer Tesco makes consistently high profits.
Tesco was founded in 1919 by Jack Cohen as a market stall in London. It started as a single store in Hackney, East London, but expanded rapidly in the 1920s and 1930s and has risen to prominence as the largest food retailer in the UK. So why is Tesco so profitable? As always, a range of long-term business and economics factors are at work.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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