Monday, 23 July 2018

Tesco plans to open number of stores in a mystery new format

Tesco is planning to open a number of stores in a mystery new format.

The store chain, the country's biggest food retailer, would not comment, but there are strong hints the new-look stores will be aimed at challenging discounters, such as Aldi and Lidl.

A whole range of jobs are on offer at new-format stores in Wandsworth, London, Chatteris, Cambridgeshire and Immingham, Lincolnshire.

Reports suggest it could be called Jack's, after Tesco founder Jack Cohen.

The job adverts, which are headed "Tesco - New Store Format" all contain a line saying: "The new retail format will be operated separately from the core Tesco business and as such benefits offered will be different from those offered at Tesco."
Tesco's move comes as retailers face an increasingly competitive environment.

Since their entry into the UK, discount chains Aldi and Lidl have steadily increased their share of the market and now account for 14% of grocery sales.

BBC          News.