Tuesday, 21 April 2009

Every little helps - but to what?

Today Tesco announced its profits for the year £3.13 billion. The UKs biggest ever pre tax profit for any retail company. Tesco now sell: Financial products, Clothing, Petrol, Electronic Good, Food, Banking Products, Telecommunication Products the list goes on and on; it would be easier to list the things they don't sell.

They open stores out of town killing of trade in local shopping centres, by buying in such huge quantities they are able to undercut almost everyone else in food, petrol and other consumables, yet this company is still allowed to expand and make such obscene profits.

There is an old adage though that says "the bigger you are the hard you fall" Watch out Tesco, like the banks before you, I reckon you're in for a huge fall; the sad thing is they will take with them a lot of smaller companies. No company should be allowed to be so dominant. Why do companies always have to get bigger and bigger, there is a finite amount of expansion that can be accomplished and Tesco must surely be nearly there. It seems we just don't learn that not all expansion is good, sometimes it just better to say the same, make a reasonable profit and produce goods and services on an ecological sound basis. The runaway train eventually will hit the buffers.....

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