Tesco Stores Czech Republic is a Czech subsidiary of a British multinational grocery and general merchandise retailer Tesco Plc. Tesco entered the Czech market in 1996. In 2006, it took over all the hypermarkets operated by Carrefour. In the last decade, the Company has increased its sales 2.7-times on the Czech market to more than USD 2 bil. In the first time since 1996, Tesco has however shown a deep loss exceeding USD 50 mil (or CZK 1,123 mil).