Tesco.com reaches profits
United Kingdom/England
Friday 14 September 2001
Five years after its creation, Tesco.com, the top British retailer's online grocery unit, becomes profitable. Indeed, the group expects sales of about US$438, 4 million this year compared to US$14 million losses the year before. Tesco's performances are due to its unique strategy : picking and dispatching orders from local stores rather than a central warehouse.