Financial Analysis (Tesco and Wall-Mart) Coursework

Financial Analysis (Tesco and Wall-Mart) - Coursework Example Tesco plc is a general merchandise retailer and a multinational grocery, which is has its headquarters in Cheshunt, UK. Perhaps it is the world’s third largest retailer in terms of revenues. The other retailers that are ahead of it are Carrefour and Wal-Mart, and it is also the second largest in terms of profit, whereby it comes after Wal-Mart. The retailer has branches in fourteen states across North America, Asia, and Europe. In the United Kingdom, it is the leader in the grocery market whereby it controls a market share of about thirty percent. It was established by Cohen Jack back in the year 1919 as a small market stalls group (MacLaurin, 2002, p.76). Interestingly, the company generates approximately eighteen billion pounds in sales, offer employment for around one hundred and eighty thousand people and earn about seven hundred million pounds in revenue from outside of the United Kingdom. Currently, the have about two thousand and twenty six stores running outside the Un ited Kingdom. However, within the United Kingdom, the company runs two thousand, two hundred stores and offers employment for about two hundred and eighty five thousand individuals. ... The company employs around two million, one hundred thousand people from all over the world. The company has operations or presence in over ten states, which include China, Brazil, Argentina, Honduras, Nicaragua, Canada, Costa Rica, United Kingdom, Japan, India, El Salvador, Mexico, Chile and Guatemala (MacLaurin, 2002, p.26). They earn around one hundred billion dollars from stores that are located outside the United States, approximately twenty five percent of the total revenue. They run over eight thousand, four hundred stores across the globe. The company operates on a model of price leadership. Clients are aware that the company can offer them the lowest process for what they need. Unlike Wal-Mart, we find that Tesco Corporation decided to adopt a kind of approach that is multiple format not only in its native market but also in the global operations. Whereas the company managed to be successful in all the twelve international markets that it ventured in, Wal-Mart did not manage to be successful; that is it was not able to make a its presence felt in a number of markets (Simms, 2009, p.45). Nevertheless, after strongly managing to establish itself or making a mark in the emerging markets, in the year 2007, Tesco Corporation entered into the United States market after carrying out thorough and comprehensive groundwork. Tesco Company came out with a one of its kind novel convenient store approach, which is ‘Fresh & Easy’ based on its comprehensive market research and after a very short time, the approach proved to be a great success and considerably gained an extensive acceptability and was embraced by most of the consumers in the United