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Tesco Ireland
Tesco Ireland is the Irish arm of supermarket group Tesco and controlled 28% of the grocery market as recently as 2012. ''Tesco Ireland'' was formed by the Tesco PLC 1997 takeover of the Irish retailing operations of Associated British Foods, namely Powers' Supermarkets Limited and its subsidiaries, trading as "Quinnsworth" and "Crazy Prices".
Tesco operates full sized supermarkets under the main "Tesco" brand, smaller urban stores under the "Tesco Metro" banner, hypermarkets as "Tesco Extra" and a small number of convenience stores as "Tesco Express". Several petrol stations are also operated by the company, as well as an internet shopping service, Tesco.ie. In 2007 the company launched its mobile telephone service, "Tesco Mobile". Tesco Ireland operated a number of 24-hour stores but have abandoned 24 hour opening as of 2014 with all stores closed from 12 midnight to 6 am.
The Irish Times in April 2011 acidly commented that "Increasingly, Ireland is being viewed as a provincial backwater by the parent company – albeit a very profitable little backwater – and all the strategic decisions are being taken in the UK.
Tesco's profit margins in the Republic are the company's highest in the world according to retail industry analysts in London, who have a detailed knowledge of Tesco's worldwide operations. Tesco's Irish profit margin, was 9.3 per cent in 2008 and is projected to rise to 9.5 per cent by the end of 2009. This makes the Irish operation Tesco's most successful worldwide in margin terms.〔https://www.tribune.ie/article/2004/apr/25/irish-profit-margins-are-tescos-highest/〕 Tesco's Irish profit margin is all the more remarkable given that the company sells a much larger volume of higher margin non-food items at its UK stores.〔https://www.tribune.ie/archive/article/2005/apr/17/irish-margins-are-highest-in-tesco-empire/〕
==History==
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