Comparison between Tesco and Leeds Kirkgate Market
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This presentation compares Tesco and Leeds Kirkgate Market on the basis of status, marketing, and economy, and provides recommendations for Leeds Kirkgate Market.
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This presentation used to explain the comparison between Tesco and Leeds Kirkgate Market on the basis of Status, Marketing and economy. After that report explain different recommendation which has to be implemented in LeedsKirkgate Market. INTRODUCTION
BasisTescoLeeds Kirkgate Market SizeTescois very big in size and used to has more than 3400 stores in the UK The Leeds Kirkgate Market Store is very small in the size and used to has less than 1 store throughout the UK. LocationTescoisheadquarterinWelwyn Garden City, United Kingdom Leeds Kirkgate Market is headquarter in Leeds UK. EmployeeTesco used to employee more than 450000 employee in the organization. These employee are employed in all the organization all over the globe. LeedsKirkgateMarketusedto employee30-50employeeinthe organization. Local and GlobalTescogenerallyusedtooperatein both local market of UK as well as in the global market also. LeedsKirkgateMarketusedto operate in the local market of the UK only.Theydonotoperateinthe international market STATUS
BasisTescoLeedsKirkgate Market Local and GlobalTescogenerally usedtooperatein both local market of UK as well as in the global market also. LeedsKirkgate Marketusedto operate in the local marketoftheUK only.Theydonot operateinthe international market CONTINUE
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BasisTescoLeeds Kirkgate Market ProductTesco is generally having better product line as compare to Leeds Kirkgate Market astheyusedtoofferfood,electric, furniture, fashion etc in the different store of the company. Leeds Kirkgate Market product line is not that better as company generally used to offer just fashion and food product to the consumer in the market. PlaceTesco generally used to offer the product by direct selling method in local as well as in the international market place Leeds Kirkgate Market also used to offer the product of the company with the help of direst selling method but only in the local market place of the company. PriceTesco generally used to use the screaming pricing method in the organization to sell the different product of the company in the market. Leeds Kirkgate Market used to use the penetrationpricingmethodinthe organization to sell the different product of the company in the market. PromotionTescogenerallyusedtousethe combinationofmorethanone promotional platform in the organization to promote the product of the company in front of the company in both local as well as in the Global market. LeedsKirkgateMarketalsousesthe combination of the promotional platform in the market to promote the product of the company in front of the consumer in the marketplace. MARKETING
BasisTescoLeeds Kirkgate Market AdvertisementTescogenerallyusedtoadvertisethe different product of the company with the help of social media platform, news paper advertisement and radio advertisement. Leeds Kirkgate Market will be advertising the different product with the help of newspaper advertisement in the market. BrandingTescogenerallyusesthevarietyof differenttypeofbrandingtomarket product of the company in the market. Brandingofdifferentproductareas follows Branding of Leeds Kirkgate Market is as follows: CONTINUE
BasisTescoLeeds Kirkgate Market Supply and DemandTesco,generallyusedtogetthedifferent supply of the product from variety of the different supplier throughout the UK, Also there is good demand of different product in the market as tesco has able to build good customer base of the company in the market LeedsKirkgate Market also used to get the different supply of the product in the market with the help of different supplier in the market. Looking at the demand of the product it can be said that there is less amount of demand of Leeds Kirkgate Market as compare to Tesco product in the market. Market ShareMarket share of Tesco is find out to be 28% of total market share in the market. Tesco is having the highest market area coverage in the market from lat couple of the decade. As Leeds Kirkgate Market is generally used to operate in just leads market, so it is very difficult touncertainthemarketareacoverageof Kirkgate Market in the long but it has been analysed that there is good market area coverage of Leeds market. Profit and Financial StatisticsTesco is profit making organization, In the year 2017-18 Tesco has made the profit of 2.72 billion pound. Leeds Kirkgate Market is also profit making organization but the amount of profit which is earned by Leeds Kirkgate Market is not that high. ECONOMY
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Aftergoingthroughtheabovecomparisontherearemanydifferent recommendationswhichhastobemadetoLeedsKirkgateMarketisthat organization has to make sure that they used to look at expanding there business to new market place. As organization is doing great in the local market so that must look at improving the market area coverage of the company in the market. This will eventually help the company in improving the customer base of the company in the long run. RECOMMENDATION
After going through the presentation it has been concluded that Leeds Kirkgate Market is operating in the local market only, there are many good opportunity in front of Leeds Kirkgate Market to expand their business in new market. Also, there is good opportunity in front of the company to promote the product of the company in the market. CONCLUSION
REFERENCES Sparks, L., 2019. Tesco: how supply chain strategy supports retail success.The Business & Management Collection. Išoraitė, M., 2016. Marketing mix theoretical aspects.International journal of research granthaalayah.4(6). pp.25-37. Wood, S., Wrigley, N. and Coe, N.M., 2017. Capital discipline and financial market relations in retail globalization: insights from the case of Tesco plc.Journal of Economic Geography.17(1). pp.31-57.
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