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Tesco is one of the largest retailers in the world, with a core business in UK that provides 60% of all sales and profits. In the last years, Tesco’s expansion has positioned the company as a leading brand, reaching China, Czech Republic, India, Malaysia, Ireland, Hungary and Poland.
Hammerson is a major British property development and investment company which owns a portfolio of retail property assets in the UK and France. The portfolio, which is valued at £5.5 billion, includes 20 prime shopping centers, 22 convenient retail parks and investments in nine premium designer outlets.
Office Depot is a global supplier of office products and services, which was incorporated in Delaware in 1986. Its products can be classified into three categories: supplies, technology, furniture and other. In 2012, the percentage of each category of products it has sold, was of 65.5% for the supplies, 20.9% for the technology and 13.6% for furniture and other related products. The result in sales for 2012 was of $10.7 billion, which represented a decrease of 7% from the prior year.
How does one of the world’s largest retailers, with over 530,000 employees serving millions of customers a week, manage to keep the pace with the performance?
In any business, clear direction is vital. Tesco’s vision guides the direction and the decisions it takes as an organization.