Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Insight Reports 4 minutes premium

Tesco: A Timeline of Key Events

#
Coresight Research

Key Points

As part of our Retailers’ Timelines series, we examine key events in Tesco’s recent history.

  • To bolster its Asian business, Tesco plans to open 750 convenience stores in Thailand during the period 2019-21.
  • In line with its sustainability drive, by December 2019, Tesco plans to end the use of hard-to-recycle materials used for private-label packaging.
  • From 2017 to 2019, we saw Tesco divesting non-core assets and closing down unprofitable stores in an effort to reduce costs and refocus on its domestic business.
  • In FY19, Tesco eliminated a number of household brands and relaunched 10,000 private-label products in its stores in the UK in order to improve efficiency and compete with low-cost rivals. The company also slashed a number of suppliers to simplify its supply chain structure.
  • As part of its digital transformation plans, Tesco teamed up with Starship Technologies in 2017 to develop a grocery delivery service using six-wheeled robots, an app for which was launched in 2019 to customers in Milton Keynes.
  • To strengthen its omnichannel capabilities, Tesco launched a same-day grocery click-and-collect service in 2016 that allows customers to collect grocery orders in-store within three hours.

Click here to read our full collection of Retailers’ Timelines.

premium

This report is for Premium subscribers only. Learn more about subscriptions here.

Other research you may be interested in:

×
Do NOT follow this link or you will be banned from the site!

GET OUR DAILY INSIGHTS