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Tesco to close remaining Homeplus stores

Tesco is to close its remaining Homeplus stores with the likely loss of 450 jobs.

The six stores – in Bracknell, Bristol, Bromborough, Denton, Nottingham and Preston – are being closed because of a failure to reach profitability targets, people with knowledge of the matter said.

The closures mark the retailer’s exit from the non-food venture, and come a matter of weeks after Tesco shut others in the chain, part of the closure of 43 stores announced in January.

Click here for the full FT article (£)

The Guardian, p. 28

 

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