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Tesco to shut 43 unprofitable stores and HQ
(FOR THOSE WHO ARE IN UK this news is relevant )
-Under-pressure supermarket Tesco is to close 43 unprofitable stores, as well as shut its head office in Cheshunt in 2016.
The retailer's sales fell 2.9% in the 19 weeks to January 3 and by 0.3% over the six-week Christmas period.
Earlier it announced that it was launching a fightback by cutting prices on hundreds of its products.
Shoppers will see lower prices on household favourites from brands such as Hovis, Marmite and Coca-Cola as the company tries to win back market share from discount rivals such as Aldi and Lidl.
Tesco to shut 43 unprofitable stores and HQ - ITV News
(FOR THOSE WHO ARE IN UK this news is relevant )
-Under-pressure supermarket Tesco is to close 43 unprofitable stores, as well as shut its head office in Cheshunt in 2016.
The retailer's sales fell 2.9% in the 19 weeks to January 3 and by 0.3% over the six-week Christmas period.
Earlier it announced that it was launching a fightback by cutting prices on hundreds of its products.
Shoppers will see lower prices on household favourites from brands such as Hovis, Marmite and Coca-Cola as the company tries to win back market share from discount rivals such as Aldi and Lidl.
Tesco to shut 43 unprofitable stores and HQ - ITV News
