The term "Market leader" means the company that has the largest share of sales in a particular market. A market is a mechanism which allows people to trade, normally governed by the theory of supply and demand, so allocating resources through a price mechanism and bid and ask matching so that those willing to pay a price for something meet those willing to sell for it. ...
It is the largest British retailer, both by global sales and by domestic market share, and the fourth largest retailer in the world behind Wal-Mart of the United States, Carrefour of France, and The Home Depot of the United States.
According to TNS Superpanel Tesco's share of the UK grocery market in the 12 weeks to 21 May 2006 was 31.1%.
TNS Superpanel is a division of the United Kingdom based global market information group Taylor Nelson Sofres, which analyses the British grocery sector.
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