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February 25, 2011

Tesco Launches iPhone App : Infographic

Tesco 's   iPhone shopping app has just completed one year and the app  is quite a hit  in the App Store  .The app brings with it a number of useful updates but one stand-out feature could change the way many Tesco customers do their weekly shop.
 
The new feature is a barcode scanner, a simple feature that many other apps include, but is a first for UK supermarkets. Tesco has developed the scanner to help “busy parents and time-poor professionals” who don’t have the time to add specific items to a shopping list, giving them a way to add specific items to their online shopping basket at anytime with a simple scan of a barcode (in the house, the office or in another supermarket).

Once a product is scanned, it is added to the users’ online checkout and remains there until he/she is ready to checkout and complete the transaction.
Source : Thenextweb

The Size of Walmart: : Statistics and Trends

Walmart Penetration in USA ( source: Fastcompany)

Walmart size 
Walmart Facebook Fanpage
Walmart dwarfs its closest retail competition by US$250 billion in revenue. The gross annual revenue for Walmart in 2009 was US$405 billion, with Carrefour raking in a modest-in-comparison US$124 billion. Other retailers who warrant a mention are German retailers Metro AG (US$95 billion revenue), British retailer Tesco (US$77 billion) and US retailer Kroger (US$75 billion).

Economists will always tell you that monopolising is never good for a balanced economy, but consider this: If Walmart suddenly upped and vanished from the face of the earth, then it would leave in its wake an unemployment queue with two million people in it. That's the population of Slovenia. And that doesn't account for the people and companies that rely on Walmart to create revenue for themselves.

If your definition of better is cheaper, then Walmart is most probably the better option. And the numbers don't lie. Consumers spend US$36 million in Walmart every hour, and the total number of transactions a year topping US$7.2 billion. Whether bigger is better or not, one thing is for sure, Walmart's size and revenue suggest that consumers are going there, and going there more than anywhere else.( source : Ngretaileurope )