Individual report about Tesco Essay Example | Topics and Well Written Essays - 3250 words

Individual report about Tesco - Essay Example In the past ten years the general UK grocery market has been increasing steadily. The total grocery market has increased from  £ 93 billion in 1998 to  £ 146 billion in 2008. But following uncertainties like high unemployment, financial crisis, tight household budgets etc. the UK grocery market is facing difficulties. Though the UK grocery market has not been able to completely get rid of these uncertainties, the growth rate assumed by it is still reasonable. In 2008, the grocery market of UK was worth  £ 146 billion which is an increase of 5% from 2007. The above two sectors have given tough competition to the traditional retail, due to which the market share of it has decline to less than 5 %. Online retail channel has a very small market share in the grocery market. There are other supermarket chains in UK namely M&S, Waitrose, Iceland, etc. This report will take a look at the strategic analysis of Tesco. The main direct effect which politicians will have in shopping and retailing is through their power over the land-use planning system. Though land-use planning is a local authority matter, but national government intervene to give guidance and directions on the assessment of development proposals and opportunities. It has become difficult to obtain planning permission for developments away from existing town centres. This has emerged as a general concern among all the retailers. Retailers are also affected by many public policy which tries to regulate competition, trading conditions and safeguard consumer interest. There have been many changes like easing of restrictions on trading hours. There has been tight regulation on food stores due to concerns over public health (Saloner, Shepard and Podolny, 2008, p. 211). This is done for ensuring that the retailers do their jobs properly and to make sure that there is a level playing field. Further political parties draft legislation