Examining the Retail Industry and Changing Trends: A Case Study of TESCO

Inquiry Based
Learning

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Methodology....................................................................................................................................5
Results and recommendation...........................................................................................................6
CONCLUSION................................................................................................................................7
REFRENCES...................................................................................................................................8
Books and Journal.......................................................................................................................8

INTRODUCTION
The study is focused on examining the retail industry along with the dynamism and
diversification in the economic markets of UK. It considers several related business organisation
models that supports in evaluating the conditions of the retail sector and the enterprise(Al
Mamun, Lawrie and Wright 2020). The goals and targets work for structuring the plans and
suggestions that lead to development and attainment of prosperity that renders different options
for existence of an organisation. It can be presumed that if situations are pleasant it will result in
constructive occurrences for an organisation. This case study focuses on the changing trends and
how they affect the enterprises under it. It becomes significant to study the different factors that
might affect the working operations of an organisation. The study comprises of the in depth
study and related findings that might have occurred on the behalf of pandemic and its impact on
the market and retailers which directly affect local customers. Seeing the scenario of COVID-19
and disruption in global economic condition has contributed in huge dynamism and has
adversely affected retail industry in markets of UK. The company discussed for studying the
trends and its affects on retail industry is TESCO. The study is a sheer evaluation in measuring
the changes of industry and how it adversely affects the individual enterprises. As retail industry
is the final deliverer of the manufacture to the end users who are the local consumers and were
majorly affected due to lock down thus remaining devoid of some relevant items. The industry
has been taken aback a lot because of dynamism in trade related policies and happening of Brexit
event along with economic break down as a result of pandemic which covered the whole world.
Along with this, the case study is also about what is analysed due to global economic recession,
in a form of various divided sections ranging from study of the topic, methodology,
recommendations, results and completion with concluding statement.
MAIN BODY
The retail industry is the fastest and largest developing sector in UK markets and also in
the whole world. The industry solely aims in contributing highest share to the country in terms of
GDP and financial development of the market(Amos, Knippels and Levinson 2020). Retail
industry is recognised to be the aggregation of several tasks and projects considering main
characteristic of commercialising the goods and services to the end buyers. Moreover, it includes
a broad range of tasks which are purchasing, promoting, advertisement, storage, delivering goods