19 April 2024, 07:30
By Furniture News Jan 29, 2015

Tesco store closures named

Tesco has named the stores that it plans to close as part of its pledged to cut costs and sell assets to fund lower prices and fix Tesco's financial situation.

Tesco CEO Dave Lewis comments: “In January I announced that our performance as a business has fallen significantly short of where we would want it to be and that to protect the future of the business in the UK we would close 43 unprofitable stores.

“The decision to close the stores has been exceptionally difficult to take. I recognise it will affect many hard-working colleagues, our customers and local communities.

“Our priority is to explain what this announcement means for our colleagues and wherever possible, offer them alternative roles with Tesco. We will continue to serve our customers through other local stores and our dotcom service.”

The move, which is likely to affect around 2,000 members of staff, follows two years of falling sales and profits, as well as a recent overstatement of profits.

Find a list of the affected stores on the BBC website.

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