Tesco is a big store company from the UK that sells food and other things people need every day. It was started by a man named Jack Cohen way back in 1919. Today, it's one of the biggest store companies in the world. People in many countries shop at Tesco, but it is especially popular in the UK where it has the most shoppers compared to other stores​

The name "Tesco" comes from the first letters of a tea supplier's name and the first two letters of Jack Cohen's surname. The first real Tesco shop was opened in 1931, and in 1947, the company became public, meaning people could buy a part of the company in the form of stocks. The first shop where people could pick items for themselves (what we call a supermarket today) was opened in 1956​

In recent times, Tesco is doing a pretty good job dealing with challenges. Even though it made a bit less money in 2022/23, it's doing better than most stores in managing rising costs. This is partly because of its size, which allows it to get good deals from the people who supply the items it sells. Also, it keeps customers coming back by offering good prices and rewards through its Clubcard loyalty scheme​

Despite some tough economic times, Tesco's sales went up by 5.3% in the 2022/23 financial year. The CEO, Ken Murphy, noted that it's been a tough year for many customers due to rising costs. But, Tesco has been working hard to reduce the impact of these costs on its customers, even if that means making tough decisions with suppliers. They've also reduced the price of milk for the first time since 2020, which is good news for customers​