Current Trends in Supermarket Sector: TESCO Challenge

TESCO Challenge

Current trends in supermarket
sector
 There is an introduction of the new concept of shop and eat at the stores
itself
 There is a great innovation and creativity in new ideas in product discovery
 Sense of environment friendly production and business are in good trend in
supermarket sector
 Home Delivery idea is being introduced in coming trends
 Idea of digital physical stores are also introduced for better servicing to the
customers
 Positive transformation of E-commerce and social commerce as well
 Technology used in supply chain, traceability and data management are
new and advanced for better operations and management in an
organization
 There is an enhancement and improvement in overall customer experience
in supermarket sector (Kolokotroni, Mylona, Evans and Liddiard, 2019)

TESCO's performance from 2015
to 2020
 Between January 2015 and May 2020, TESCO has lost of
approximately 2.1 percent of its market share
 Now it stands at 26.9 percent of it's market share
 In its 2019 to 2020 fiscal year, TESCO’s yearly revenue
measured to approximately 53 billion British pounds in the
United Kingdom and the Republic of Ireland
 This was an addition of almost about 1.3 billion pounds
compared to the previous fiscal year
 The firm's income in the UK and the return on investment raise
by over 360 million pounds and came to 2.2 billion in 2019 to
2020 (Jonah, 2018)

SWOT analysis of TESCO
SWOT analysis can be defined as the internal
factors of the business which directly or indirectly
affects the operations, functioning and working of
an organization either in a positive manner or in a
negative manner. The following discussions are
based on the SWOT analysis of TESCO, which is
one of the leading international supermarket
company based in UK and founded in 1919
(ZHAO, ZHAN, Ying and ZHU, 2018). Strengths,
weaknesses, opportunities and threats of TESCO
are as follows: