£3,800 per minute profit

By Nic Price on 10 April 2005 — 1 min read

That’s how much Tesco makes according to this article by James Robinson in today’s Observer newspaper. That’s not far off a quarter of a million pounds an hour, or £6million per day. Nice work if you can get it.

The statistic that really startled me though is that Tesco takes £1 of every £8 we spend as consumers in the UK. That really must make them alarmingly powerful.

I wonder what their view on localism is.

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