Tesco.com reaches profits
United Kingdom
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.