Tesco to build 100 extra online stores

By Dominic Maher, 11 October 1999 12:45

NEWS Tesco plans to build on the success of its Internet shopping business by extending the service into an extra 100 stores. Currently used at 30 stores, the business now accounts for 7 per cent of the supermarket group's turnover. Following WalMart's £6.6bn take-over of Asda, Tesco is also looking to other markets to generate revenue. One area is personal finance, which Tesco believes could generate up to £30m per year in income.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ