Tesco invests in prices, employees and stores

In September 2024 Tesco opened a new store on the shores of Lake Velence for the first time in ten years.

This article is available for reading in Trade magazin 2025/6-7.

In November the retailer also opened a new 100,000m² logistics centre in Szigetszentmiklós. Tesco’s home delivery service – Tesco from Home – grew by nearly 20% last year, while its on-demand business tripled its sales turnover. As a result, Tesco’s online business realised a 25% overall growth. A total of 14 hypermarkets and 33 small-format stores were refurbished across the country in 2024. Tesco installed solar panels on 25 stores, which generate more than a quarter of the energy consumption of shops.

Zsolt Pálinkás, CEO of Tesco-Global Zrt.: .

Zsolt Pálinkás
CEO
Tesco-Global

“Our key customer indicators are improving and shoppers appreciate the value for money and the convenience services we offer. We carry on with our activities as before, adapting to the circumstances: we are investing in our stores, our colleagues and our prices, in order to offer the best possible service to customers”.