Tesco remains my favourite company as it employs 17 000 in Wales and look after employees and customers by investing in the future. I respect the corporate legends David Malpas and Ian Maclaurin Lord MacLaurin who set the foundations for today. Terry Leahy is now the best CEO in the UK and Europe.
This week saw strong growth in Asia and the US has helped Tesco compensate for slower growth at home but it is continuing to build and offer customers what they want.
This week it continues to build.Tesco Personal Finance, which offers credit cards and insurance products, added a further 2.2 per cent in annual UK sales. and the company has already opened six new in-store banking centres, with 26 more planned before the end of this year.
The Clubcard launched in 1996 when David Malpas was MD and invested in IT.The company relaunched recently -Clubcard loyalty scheme .As part of the relaunch last month, customers were able to double the value of loyalty vouchers on certain products, and so far 1million customers have taken up the offer.
In Wales Tesco will create 2,500 jobs in the next two years.