Saturday, May 5, 2012

bought tesco

bought Tesco at 317pence. tesco is UK's leading grocer with 30% of market share in the UK. it is also the second largest grocer in the world after Walmart by profits. it also has operations in America, Hungary, Poland, Slovakia, Malaysia, South Korea etc. I personally shop here because there is a loyalty card programme and the prices are the same as the other big three (asda-walmart, wm morrisons and sainsbury) here, essentially giving me a 1% cashback.


5 comments:

  1. Nothing beats local knowledge and kicking the tyre ;)

    Have fun!

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  2. welcome back! I thought the grocer industry is very competitive now. hard to earn profits

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  3. hi FoodieFC,
    yup its good to be back.

    the supermarket industry has always been a low margin business. anyway, i followed Buffett with this purchase, haha.

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  4. It sounds like an interesting series. I will check it out

    book publicist

    ReplyDelete