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Tesco names 43 UK store closures | Tesco names 43 UK store closures |
(1 day later) | |
Supermarket giant Tesco has named the 43 stores it is closing across the country, a move that will put 2,000 jobs at risk. | |
The company is currently informing staff at the affected stores. | The company is currently informing staff at the affected stores. |
The Express and Home Plus stores will close on 15 March with the Tesco Metros and Superstores on the list closing on 4 April. | The Express and Home Plus stores will close on 15 March with the Tesco Metros and Superstores on the list closing on 4 April. |
Tesco warned earlier this month that 43 stores would be shut as part of plans to cut costs. | Tesco warned earlier this month that 43 stores would be shut as part of plans to cut costs. |
Tesco chief executive Dave Lewis said the decision to close the stores was "exceptionally difficult". | Tesco chief executive Dave Lewis said the decision to close the stores was "exceptionally difficult". |
"Our priority is to explain what this announcement means for our colleagues and, wherever possible, offer them alternative roles with Tesco," he added. | "Our priority is to explain what this announcement means for our colleagues and, wherever possible, offer them alternative roles with Tesco," he added. |
Superstore closures include those in Doncaster and Chatham, while the DIY and homeware Homeplus closures include stores in Edinburgh and Southampton. | Superstore closures include those in Doncaster and Chatham, while the DIY and homeware Homeplus closures include stores in Edinburgh and Southampton. |
In total, 18 Express, 12 Metro, seven superstores and six Homeplus stores are shutting their doors. | In total, 18 Express, 12 Metro, seven superstores and six Homeplus stores are shutting their doors. |
The move follows two successive years of falling sales and profits, and a shock accounting scandal, which saw the chain overstate its profits by some £263m. | The move follows two successive years of falling sales and profits, and a shock accounting scandal, which saw the chain overstate its profits by some £263m. |
Mr Lewis, who joined the retail giant from consumer goods firm Unilever just five months ago, has pledged to slash costs and sell assets to fund lower prices and mend Tesco's finances. | Mr Lewis, who joined the retail giant from consumer goods firm Unilever just five months ago, has pledged to slash costs and sell assets to fund lower prices and mend Tesco's finances. |
Retail union Usdaw said the store closures were "devastating news" for the 2,000 staff involved. | Retail union Usdaw said the store closures were "devastating news" for the 2,000 staff involved. |
"Our priority is to maximise employment within Tesco, seek redeployment opportunities for members, where possible, and to keep job losses to a minimum," said Pauline Foulkes from the union. | "Our priority is to maximise employment within Tesco, seek redeployment opportunities for members, where possible, and to keep job losses to a minimum," said Pauline Foulkes from the union. |
Tesco's announcement marks a stark contrast to Tuesday's update from Waitrose that detailed plans to create 2,000 jobs in new shops and by expanding existing sites. | Tesco's announcement marks a stark contrast to Tuesday's update from Waitrose that detailed plans to create 2,000 jobs in new shops and by expanding existing sites. |
The retailer is opening 14 new shops from spring this year, seven of them smaller convenience outlets. | The retailer is opening 14 new shops from spring this year, seven of them smaller convenience outlets. |
However, of the so-called "big four" supermarkets, which includes Tesco as well as Sainsbury's, Morrisons and Asda, most are shelving expansion plans or even closing stores. | However, of the so-called "big four" supermarkets, which includes Tesco as well as Sainsbury's, Morrisons and Asda, most are shelving expansion plans or even closing stores. |
In November, Sainsbury's said it was scrapping plans for new stores, while Morrissons plans to close 10 loss-making stores this year. | In November, Sainsbury's said it was scrapping plans for new stores, while Morrissons plans to close 10 loss-making stores this year. |
Tesco store closures | Tesco store closures |
Tesco Express stores: | Tesco Express stores: |
Bearwood | Bearwood |
Belvedere | Belvedere |
Church Street Ballymena | Church Street Ballymena |
Heaton Chapel | Heaton Chapel |
Heybridge Essex | Heybridge Essex |
Houghton Regis | Houghton Regis |
Liverpool Kensington | Liverpool Kensington |
Longbridge Road Barking | Longbridge Road Barking |
Northfield Birmingham | Northfield Birmingham |
Raymouth Lane Worksop | Raymouth Lane Worksop |
Sheffield Manor | Sheffield Manor |
South Tottenham High Road | South Tottenham High Road |
Tredegar | Tredegar |
Troon | Troon |
Walsall Wood | Walsall Wood |
Wealdstone | Wealdstone |
Whitley Bay | Whitley Bay |
York Road Hartlepool | York Road Hartlepool |
Tesco Metro stores: | Tesco Metro stores: |
Bicester | Bicester |
Bootle | Bootle |
Caerphilly | Caerphilly |
Crossgates | Crossgates |
Devizes | Devizes |
Grangemouth | Grangemouth |
Mexborough | Mexborough |
Morecambe | Morecambe |
Ormskirk | Ormskirk |
Runcorn | Runcorn |
Smethwick | Smethwick |
Woodseats | Woodseats |
Tesco Superstores: | Tesco Superstores: |
Bedlington | Bedlington |
Chatham | Chatham |
Connswater | Connswater |
Cregagh Road | Cregagh Road |
Doncaster | Doncaster |
Kirkcaldy | Kirkcaldy |
Wrexham Doods Lane | Wrexham Doods Lane |
Tesco Homeplus: | Tesco Homeplus: |
Bristol Cribbs | Bristol Cribbs |
Chelmsford | Chelmsford |
Chester | Chester |
Edinburgh | Edinburgh |
Southampton | Southampton |
Staines | Staines |