A look at ten supermarket chains absorbed by Tesco since 1945
For social historians and retail commentators, the recent history of Tesco is peppered with twists and turns. Contemporary hagiographies focus on the store chain’s tax affairs, or their presence on our High Streets.
Much of the groundwork was set in the 1960s and 1970s thanks to Jack Cohen. After organic growth, the end of the 1950s onwards saw Tesco buying regional chains like Irwins and Hillards. Even so, their integration wasn’t all plain sailing: for example, outstanding debts; unsuitable sites; and planning issues. Its turning point came when Ian MacLaurin joined the Tesco board after being a management trainee. As Managing Director in 1977, he ditched the Green Shield stamps, a gimmick which only ten years before, drew shoppers to their stores.
The rest, they say, is your favourite humanities cliché. It set the store chain onto an upward trajectory. Stores grew in size as well as numbers: standard sized supermarkets; plus Extras, Metros and Expresses. Then global domination, and a loyalty card scheme that took the retail world by storm.
In our Lost Precinct Not So Perfect Ten, we look at the ten store chains that Tesco have acquired since 1945. Continue reading “The Stores That Tesco Ate: A Lost Precinct Not So Perfect Ten”