The Tesco store closures – the list in full
I doubt the loss of a local Tescos causes the same anxiety as the closure of a Marks and Spencer store but nonetheless I am sure Hinterland readers will be interested to see the final full list of where the closures have happened. Read on
About 2,000 jobs are at risk after Tesco revealed the identities of the 43 unprofitable stores it will close as part of new chief executive Dave Lewis’s efforts to revive the embattled grocer.
The retailer said it would be closing 30 convenience stores – 18 Express outlets and 12 inner-city Metro shops – along with seven superstores and six of its 12 non-food ventures, called Homeplus. None of Tesco’s large hypermarkets – the Tesco Extra stores – has been earmarked for closure.
The closures follow the abandonment of 49 sites where the retailer planned stores but has not built them.
John Kershaw, a food retail analyst at Exane BNP Paribas, said: “Expect Extra to be addressed in time. However, given they typically were extensions to over-trading stores, they are probably still marginally profitable, even if having suffered marked deterioration. [Former chief executive Philip] Clarke used to talk of a handful of problem Extras and Lewis has said that two thirds of the [247-strong] Extra estate is high quality.”