Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Tesco
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===Expansion=== [[File:Tiverton , Tesco - geograph.org.uk - 1287902.jpg|thumb|right|Tesco in [[Tiverton, Devon]], England, c.2004]] During the 1950s and 1960s, Tesco grew organically, and also through acquisitions, until it owned more than 800 shops.<ref name=":0a">{{Cite book|last1=Zokaei|first1=Keivan|url=https://books.google.com/books?id=ja_3s5QMgCUC&pg=PA132|title=Creating a Lean and Green Business System: Techniques for Improving Profits and Sustainability|last2=Lovins|first2=Hunter|last3=Wood|first3=Andy|last4=Hines|first4=Peter|date=3 May 2013|publisher=CRC Press|isbn=978-1-4665-7112-9|language=en|access-date=15 October 2020|archive-date=6 August 2023|archive-url=https://web.archive.org/web/20230806193633/https://books.google.com/books?id=ja_3s5QMgCUC&pg=PA132|url-status=live}}</ref> The company purchased 70 ''Williamson's'' shops (1957), 200 ''Harrow Stores'' outlets (1959), 212 ''Irwins'' shops (1960), 97 ''Charles Phillips'' shops (1964) and the [[Victor Value]] chain (1968) (sold to [[Bejam]] in 1986).<ref name=":0a" /><ref>{{cite web|url=http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy3/BSTA085.htm|title=TESCO in 2003|access-date=13 November 2014|publisher=ICFAI|archive-date=7 March 2015|archive-url=https://web.archive.org/web/20150307045959/http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy3/BSTA085.htm|url-status=live}}</ref> Jack Cohen's business motto was "pile it high and sell it cheap",<ref name="YCDBSOYA_1">{{Cite news|url=https://www.independent.co.uk/news/people/profiles/shirley-porter-rich-flashy-and-corrupt-with-it-shes-nothing-like-a-dame-620265.html|archive-url=https://web.archive.org/web/20110908035556/http://www.independent.co.uk/news/people/profiles/shirley-porter-rich-flashy-and-corrupt-with-it-shes-nothing-like-a-dame-620265.html|url-status=dead|archive-date=8 September 2011|title=Shirley Porter: Rich, flashy and corrupt with it. She's nothing like a Dame|access-date=13 December 2009|location=London|first=Sean|last=O'Grady|date=16 December 2001|work=The Independent}}</ref> to which he added an internal motto of "YCDBSOYA" (You Can't Do Business Sitting On Your Arse) which he used to motivate his sales force.<ref name="YCDBSOYA_1" /> In May 1987, Tesco completed its [[hostile takeover]] of the [[Hillards]] chain of 40 supermarkets in the North of England for Β£220 million.<ref>{{Cite news|first=Margareta|last=Pagano|title=Shocked Hillards attacks greed of Prudential: Hartley disgusted with institutions after Tesco wins takeover battle|work=The Guardian|date=16 May 1987}}</ref> In 1994, the company took over the supermarket chain [[William Low]] after fighting off [[Sainsbury's]] for control of the [[Dundee]]-based firm, which operated 57 shops. This paved the way for Tesco to expand its presence in Scotland, in which its presence was weaker than in England.<ref>{{cite news|url=https://www.independent.co.uk/news/business/tesco-to-spend-pounds-65m-developing-wm-low-stores-1450175.html|title=Tesco to spend pounds 65m developing Wm Low shops|date=20 September 1994|newspaper=The Independent|access-date=27 March 2016|archive-date=9 April 2016|archive-url=https://web.archive.org/web/20160409040709/http://www.independent.co.uk/news/business/tesco-to-spend-pounds-65m-developing-wm-low-stores-1450175.html|url-status=live}}</ref> Tesco introduced a [[loyalty card]], branded '[[Clubcard]]' in 1995,<ref>{{Cite web|url=https://www.cmo.com.au/article/575497/how-tesco-loyalty-card-transformed-customer-data-tracking/|title=How Tesco's loyalty card transformed customer data tracking|last1=Howarth|first1=Brad|website=cmo.com.au|date=21 May 2015|language=en-au|access-date=1 April 2020|archive-date=8 August 2020|archive-url=https://web.archive.org/web/20200808083718/https://www.cmo.com.au/article/575497/how-tesco-loyalty-card-transformed-customer-data-tracking/|url-status=live}}</ref> and later an Internet shopping service. In 1996 the typeface of the logo was changed to the current version with stripe reflections underneath, whilst the corporate font used for shop signage was changed from the familiar "typewriter" font that had been used since the 1970s. Overseas operations were introduced in the same year.<ref name="BBC News" /> [[Terry Leahy]] assumed the role of Chief Executive on 21 February 1997, the appointment having been announced on 21 November 1995.<ref>{{Cite news|title=Business as usual for Sir Terry after 10 years in charge|work=Birmingham Post|publisher=Midland Independent Newspapers|page=24|date=22 February 2007}}</ref><ref>{{Cite news|first=Neil|last=Buckley|title=People: Leahy rings Tesco's tills|work=Financial Times|location=London|page=40|date=22 November 1995}}</ref> On 21 March 1997, Tesco announced the purchase of the retail arm of [[Associated British Foods]], which consisted of the [[Quinnsworth]], [[Stewarts Supermarkets|Stewarts]] and [[Crazy Prices]] chains in Ireland and Northern Ireland, and associated businesses, for Β£640 million.<ref>{{Cite news|first=Sarah|last=Cunningham|title=Tesco pays Β£630m for ABF's Irish business|work=The Times|date=22 March 1997}}</ref> The deal was approved by the European Commission on 6 May 1997.<ref>{{cite news|title=Tesco's Irish move approved|work=Financial Times|location=London|date=7 May 1997}}</ref> The company was the subject of a [[Tesco bomb campaign|letter bomb campaign]] lasting five months from August 2000 to February 2001 as a bomber calling himself "Sally" sent letter bombs to Tesco customers and demanded that Clubcards be modified to be capable of withdrawing money from cash machines.<ref>{{cite news|url=https://www.telegraph.co.uk/news/uknews/1308835/Tesco-bomb-blackmailer-is-jailed-for-16-years.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/news/uknews/1308835/Tesco-bomb-blackmailer-is-jailed-for-16-years.html |archive-date=11 January 2022 |url-access=subscription |url-status=live|title=Tesco bomb blackmailer is jailed for 16 years|last=Savill|first=Richard|date=12 June 2001|work=The Daily Telegraph|location=London|access-date=12 April 2011}}{{cbignore}}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Tesco
(section)
Add topic