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!
===Corporate strategy=== [[File:Tesco Head Office, Welwyn Garden City, Hertfordshire, England.jpg|thumb|Tesco head office in [[Welwyn Garden City]], Hertfordshire, England, 2023]] According to [[Citigroup]] retail analyst David McCarthy, "[Tesco has] pulled off a trick that I'm not aware of any other retailer achieving. That is to appeal to all segments of the market".<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/4605115.stm|first=Hannah|last=Liptrot|publisher=BBC|title=Tesco: Supermarket superpower|date=3 June 2005|access-date=5 June 2005|archive-date=31 December 2005|archive-url=https://web.archive.org/web/20051231210407/http://news.bbc.co.uk/1/hi/business/4605115.stm|url-status=live}}</ref> One plank of this strategy has been Tesco's use of its own-brand products, including the upmarket "Finest", mid-range Tesco brand and low-price "Value" encompassing several product categories such as food, beverage, home, clothing, Tesco Mobile and financial services.<ref>{{cite news|url=http://news.idealo.co.uk/news/4521/tescos-still-pushing-discount-products-to-fight-back-competitors.html|title=Tesco's still pushing discount products to fight back competitors|publisher=Household & Leisure|date=15 January 2009|access-date=13 September 2014|archive-url=https://web.archive.org/web/20150126030956/http://news.idealo.co.uk/news/4521/tescos-still-pushing-discount-products-to-fight-back-competitors.html|archive-date=26 January 2015|url-status=dead}}</ref> Tesco have two vegan ranges branded Plant Chef and [[Wicked Kitchen]].<ref>{{cite web|title=Tesco expands Wicked Kitchen and Plant Chef ranges with new meal deal launches|publisher= Vegan Food and Living |url=https://www.veganfoodandliving.com/news/tesco-wicked-kitchen-plant-chef-vegan-meal-deal-launch/|archive-url=https://web.archive.org/web/20220704235927/https://www.veganfoodandliving.com/news/tesco-wicked-kitchen-plant-chef-vegan-meal-deal-launch/ |archive-date=4 July 2022 }}</ref> Beginning in 1997 when Terry Leahy took over as CEO, Tesco began marketing itself using the phrase "The Tesco Way" to describe the company's core purposes, values, principles, and goals<ref>{{cite news|url=http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/Tesco%27s%20%27Steering%20Wheel%27%20Strategy.htm|publisher=ICMR|title=Tesco's 'Steering Wheel' Strategy|year=2005|access-date=24 October 2007|archive-date=23 December 2007|archive-url=https://web.archive.org/web/20071223102844/http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/Tesco%27s%20%27Steering%20Wheel%27%20Strategy.htm|url-status=live}}</ref> This phrase became the standard marketing speak for Tesco as it expanded domestically and internationally under Leahy's leadership, implying a shift by the company to focus on people, both customers, and employees.<ref>{{cite web|url= http://www.tesco-graduates.com/home/programmes/office/personnel|title= Human Resources β Tesco Careers|access-date= 24 October 2007|archive-date= 20 August 2007|archive-url= https://web.archive.org/web/20070820150131/http://www.tesco-graduates.com/home/programmes/office/personnel|url-status= live}}</ref> A core part of the Tesco expansion strategy<ref>{{cite web |url=http://www.cio.co.uk/cio100/tesco/1699/ |title=Tesco β CIO 100 Company β CIO UK Magazine |publisher=Cio.co.uk |access-date=16 April 2010 |archive-date=20 July 2011 |archive-url=https://web.archive.org/web/20110720062812/http://www.cio.co.uk/cio100/tesco/1699/ |url-status=live }}</ref> has been its innovative use of technology.<ref>{{cite web |url=http://www.cio.co.uk/article/583/tesco-storm-the-us-with-box-offering/?otc=44 |title=Tesco storm the US with Box offering β In-Depth β CIO UK Magazine |publisher=Cio.co.uk |access-date=16 April 2010 |archive-date=20 July 2011 |archive-url=https://web.archive.org/web/20110720062832/http://www.cio.co.uk/article/583/tesco-storm-the-us-with-box-offering/?otc=44 |url-status=live }}</ref> It was one of the first to build self-service tills and use cameras to reduce queues, and an early adopter of [[Near field communication|NFC]] [[contactless payment]] card technology.<ref>{{cite web |url=http://www.cio.co.uk/news/3204/technology-helps-tesco-beat-crunch/?otc=44 |title=Technology helps Tesco beat crunch |publisher=Cio.co.uk |access-date=16 April 2010 |archive-date=20 July 2011 |archive-url=https://web.archive.org/web/20110720062855/http://www.cio.co.uk/news/3204/technology-helps-tesco-beat-crunch/?otc=44 |url-status=live }}</ref> In 2016, Tesco developed a mobile payment wallet, PayQwiq using both NFC contactless and [[2D barcode|barcode]] technology to allow payment using mobile phones in-shop (along with supporting other contactless mobile wallets such as [[ApplePay]]).<ref>{{cite web |url=http://www.thegrocer.co.uk/stores/store-design/tesco-announces-plans-to-widen-roll-out-of-its-payqwiq-app/534035.article |title=Tesco announces plans to widen roll-out of its PayQwiq payment app nationally |publisher=thegrocer.co.uk |access-date=11 October 2016 |archive-date=11 October 2016 |archive-url=https://web.archive.org/web/20161011224039/http://www.thegrocer.co.uk/stores/store-design/tesco-announces-plans-to-widen-roll-out-of-its-payqwiq-app/534035.article |url-status=live }}</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