Why is Tesco so successful?
Jack Cohen who originally owned and started the Tesco emperor, it was started 80 years ago on a market stall. He was the son of a Jewish sailor and often the war he started by buying 30 pounds worth of army surplus rations. He would reliable the cans and tins. The on his first day of selling this stock at the market he made a profit of one pound. After selling all of this he had made him self some money to work with. He used this money to buy goods under handily these were often goods, which other stores would not sell.
Tesco as a name was formed when jack ha bought a large shipment of tea, in 1924. He then made the new labels for them using the first three letters from the name of the tea suppliers name "T.E.Stockwell" and then joined these will his own surname this then formed the name "TESCO". He liked this name so much it became the companies own.